Benign economic conditions and low debt servicing costs have helped UK banks to maintain a low level of domestic credit losses in recent years. We estimate that such losses will be around £9bn, or just 0.32% of domestic loans, this year. 2019 losses would need to rise to around £18bn – double our estimate–to reach […]
The UK’s electric car uptake remains low with just 0.50% of vehicles now plug-ins, hardly changed from 0.46% last year says Growthdeck, the private equity investment firm. Growthdeck says the lack of infrastructure has been a key impediment on the adoption of plug-in vehicles across the UK. The City of London has the highest percentage […]
Visiting Angels, one of America’s largest care franchises, are flying high as they welcome three new franchisees to the UK franchise family. Having recently celebrated a year since launching on British soil, the brand has yet more cause for celebration as it prepares to end the year by doubling its young network. Three new franchisees, […]
Pluto Finance has appointed Chris Scott as lending director joining the firm’s London-based team. Chris joins from Octopus Real Estate where he spent five years, with his most recent position as senior business development manager covering London. Chris comments: “I’m looking forward to working with Pluto Finance and their market leading proposition. I have always […]
Zenobē Energy, one of the UK’s largest independent owners and operators of battery storage, has secured a non-recourse £25m debt facility from Santander Corporate & Commercial, to support the continued growth of the company. This follows the successful £35m of equity raised from JERA Co. Inc. and TEPCO Power Grid Inc. earlier this year. Zenobē […]
Marketplace lender Assetz Capital has bolstered its headcount with the appointment of five new relationship directors since the beginning of November as it approaches its £1bn lending milestone. Lee Francis has over 20 years’ experience in the corporate banking sector, having held senior positions at Santander and Clydesdale Bank as relationship director in the London […]
Responding to the announcement from the Bank of England, Prudential Regulation Authority and Financial Conduct Authority today on operational resilience in the financial services sector, UK Finance’s CEO, Stephen Jones said: “Operational resilience is crucial in a modern financial system and the banking and finance industry is committed to providing the best possible service, ensuring […]
The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China’s ocean and air imports in certain sectors look set to remain strong as domestic consumption drives the economy amidst an overall decline in […]
To £55k plus car allowance and excellent benefits The Collections and Recoveries Manager is responsible for managing a portfolio of recovery clients and providing support and advice to the Account Management team in working with delinquent customers. The role will be responsible for identifying and proposing work out strategies and managing through to successful completion, […]
VAS Group has assisted a triple century of valuations for peer-to-peer lender with Assetz Capital having completed its 300th report in the last 12 months at a combined total market value of £200m. The lender, which funds projects such as commercial properties and housing developments, primarily utilised VAS Panel’s comprehensive valuation panel management service to […]
