Since the beginning of the year, 297 tech companies have laid off nearly 95,000 workers. Four of the largest tech companies – Amazon, Alphabet, Microsoft, and Meta – have had redundancies amounting to a shocking70,000 employees, with 40,000 of these taking place in January of 2023 alone. Twitter’s CEO, Elon Musk, debuted his tenure by reducing half of the company’s employees – a […]
Hodge has reduced rates across its 2-year fixed Professional Mortgage products. The specialist lender first launched its Professional Mortgage product in December and has already dropped its rates across the whole range – on both 2-year and 5-year fixed terms. Now, a further rate reduction across the 2-year fixed product demonstrates how the bank is […]
Lending to small businesses via brokers jumped 10% in 2022 to £45bn, according to the annual survey results from the National Association of Commercial Finance Brokers (NACFB) – the UK’s largest independent trade body for commercial finance intermediaries. The survey, which features the insight from the trade body’s community of more than 2,000 commercial brokers […]
Drivers of electric vehicles (EVs) in the East Midlands face increasing problems charging their vehicles in public places as EV numbers soar. A Freedom of Information request by the Electrical Contractors’ Association (ECA) shows most local authorities in the East Midlands have no plans to install new public electric vehicle charge points. ECA, which represents […]
Time Finance is pleased to announce the appointment of Casey Baldwin as business development manager in its invoice finance team as it sets out to bolster its support to SMEs in Yorkshire and the North East of England. Casey joins Time Finance with 10 year’s experience in the invoice finance sector, having spent her career […]
Retail experts at business advisory firm Quantuma estimate that corporate failures in the UK retail sector could spike by as much as 71% in 2023. As reported by the Centre for Retail Research, in the first month of 2023 alone, seven UK retailers failed, affecting 361 stores and putting at risk 3,215 jobs. Quantuma chief […]
Award-winning, intra-African, cross-border remittances and digital wallet company EziPay, has partnered with MFS Africa, the continent’s leading digital payments gateway, to bring last mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa. The partnership comes at a time when mobile money is burgeoning at increasing rates on […]
The Business Banking Resolution Service (BBRS), an independent and free service established to resolve disputes between SMEs and their bank, has now been in operation for two years. It gives eligible SMEs the opportunity to have their banking complaint heard, without the need for litigation or external legal support, with a view to delivering fair, […]
Good Business Pays today published its analysis of more than 70 companies with the some of the worst payment performance. Analysing data from over 5,000 companies, Good Business Pays identified:: The Late Payers: Who report paying more than 50% of their invoices later than agreed terms. The Slow Payers: Who report an average time to […]
Knowledge Bank’s monthly criteria index has revealed that 2023 has begun as 2022 ended with a shake-up in the most popular searches performed by brokers each month. The UK’s largest database of mortgage lending criteria keeps track of the most common searches performed by brokers as they look to place a client’s case. Rising interest rates, changes […]
