The new Access Account Marketplace from Assetz Capital processed around 4,000 trades totalling around £6m in its first two weeks. Buyers took advantage of discounts on offer and sellers took advantage of that demand to withdraw some capital quicker than was possible prior to the marketplace. There has also been a substantial drop in the […]
The UK government’s back to work scheme will fail to get SMEs back into offices and factories because social distancing measures make a productive return impossible, according to Sharon Wiltshire, UK commercial director, Bibby Financial Services. Below is a quote and supporting data from our latest survey which also shows that there is still wide […]
Yolt, the smart-thinking money app, has revealed new data which demonstrates that the ‘Eat Out To Help Out’ scheme created a surge in eating out on Mondays, with users spending up to 6 times more at the start of the week, when compared to the weekend. Tuesdays and Wednesdays also saw an uptick in spending […]
Atradius forecasts a jump in insolvencies across Asia in 2020, with Hong Kong expected to be one of the most affected markets across the globe. The increases are primarily driven by the impact the Covid-19 pandemic is having on global economies. Every major economy, except for China, is expected to enter recession this year, the […]
Vida has today made a full return to the intermediary mortgage market, celebrating a new start for the specialist lender following its recent successful £350m securitisation deal in July. The relaunch sees the lender offering a full suite of mortgage products across both residential and buy-to-let ranges. Following a change of leadership at the start […]
A Challenger Bank that is “successfully navigating the uncertain waters” of the Covid-19 pandemic and Brexit is celebrating its three-year anniversary. Since its 2017 inception, Hertfordshire-based Redwood Bank, which focuses entirely on businesses, has tripled its workforce and scooped 22 awards. In addition, over 4,000 customers currently deposit £350m with the Bank and over £250m […]
Half of companies do not have adequate cybersecurity provision to allow for 100% remote working. And whilst 58% of tech hiring managers list info-security as their most required skillset right now – only 10% of tech professionals in the UK possess the right skills to help plug the gap. The findings come from a new […]
Tide, the UK’s leading business banking platform has today announced the appointment of Sir Donald Brydon as its new independent non-executive chair. Sir Donald Brydon is Tide’s first independent chair. He brings significant Board experience, including the chairmanships of leading listed companies such as the Sage Group, the London Stock Exchange and the Royal Mail […]
Private sector activity fell in the three months August, but at a slower pace than last month (-39% from -57%), according to the CBI’s monthly Growth Indicator. This is the second consecutive month where the pace of decline has eased from the survey record low in the three months to June (-71%). The composite measure, […]
Last month the British Business Bank confirmed 30 September as the deadline for businesses to submit applications for the Coronavirus Business Interruption Loan Scheme (CBILS). The loan scheme was launched by the government in March to facilitate funding to SMEs impacted by Covid-19. Key benefits include payment by the government of the borrower’s first 12 […]
