Cynergy Bank is pleased to announce that from today it will offer the Coronavirus Business Interruption Loan Scheme (CBILS) to new business customers, having launched the scheme for existing customers in late April 2020. Following the British Business Bank’s announcement in April 2020 that Cynergy Bank – along with three other ‘challenger’ banks – had […]
UK Finance has today announced the appointments of Anne Boden, CEO at Starling Bank Limited, Ruth Leas, CEO at Investec Bank plc, Beatriz Martin Jimenez, Global IB COO & UK Chief Executive at UBS, Steve Hughes, CEO at Coventry Building Society, Anne Marie Verstraeten, UK Country Head BNP Paribas to its board. In line with […]
Figures published by the Treasury reveal how the banking and finance sector is helping businesses across the UK through these tough times. So far, lenders have approved over £31.3bn to over 745,000 businesses through government-backed schemes. In the past week alone, more than £3.8bn in lending has been provided to 94,000 firms through these schemes. […]
Any vestiges of original Mini-ness are now totally removed with the largest version of BMW’s comic-book replica of the once-British stalwart, reports Iain Robertson, as a comprehensively updated Countryman estate car goes on sale priced from £23,500. When BMW acquired the remnants of the butchered Austin-Rover Group from its errant bunch of British asset-strippers, the […]
Shop prices fell by 2.4% in May compared to a 1.7% decrease in April. This is below the 12- and 6-month average price decreases of 0.7% and 1.0%, respectively. This is the highest rate of decline since our series began in December 2006. Non-food prices fell sharply by 4.6% in May compared to a decline […]
The government recently published its draft Corporate Insolvency and Governance Bill which makes several significant changes to the UK’s corporate and insolvency framework. Its aim is to help companies maximise their chances of survival, protect jobs and support the UK’s economic recovery. Some of the measures have been anticipated for several years, whereas others have […]
Tink and PayPal’s extended commercial agreement now includes all countries within the European Economic Area (EEA). As a first step, PayPal will implement Tink’s open banking and account aggregation technology into some user experiences for customers. The expanded relationship is supported by a second strategic investment from PayPal, carried out in connection to Tink’s latest […]
Industrial services and waste management firm, Harpers Environmental, has secured £2m of funding from Independent Growth Finance (IGF). This invoice discounting facility is central to the company’s refinance for growth. The company focuses on the extraction, treatment and appropriate disposal of waste, based out of two sites in York and Teesside. It serves clients across […]
The latest job market data from CV-Library, the UK’s leading independent job board, reveals that employer confidence started to pick back up in the finance industry last month as lockdown restrictions eased, with job vacancies rising by 22% month-on-month. The study looks at job market data throughout May and compares this with figures from the […]
The number of businesses with a positive outlook for the next 12 months exceeds the number with a negative outlook for the first time, in the clearest sign yet that parts of the economy are slowly springing to life, according to the latest wave of the Opinium-Cebr Business Distress Tracker. However, despite the marginal improvements […]
