ThinCats has today announced a move to an institution-only funding model for future loans. No new loans will be offered on the P2P Platform operated by Business Loan Network (BLN), one of the ThinCats Group companies. The P2P Platform has entered a run-off phase and has closed to new investors. Investors already using the P2P […]
Strong ocean imports and exports will sustain India’s trade growth over the three-month period ending in January 2020, making it the only country out of the world’s seven largest economies with a positive trade outlook according to data from the DHL Global Trade Barometer released by DHL, the world’s leading logistics company. The DHL Global […]
Sir Robert McAlpine took the top spot this month with five contract awards totalling £561m. A mixed development at Gateshead Quays contributed £250m to the total. BAM Construction and Vinci Construction were in second and third place for November 2019, with a total contract award value of £122m and £98m respectively. This month, the top […]
The latest MarketFinance Business Insights charts late payment trends between 2013 and 2019, analysing over 100,000 invoices. The data sheds light on how long SMEs are waiting to be paid, how late these payments were and the impact. The analysis suggests that businesses typically agree 45-day payment terms from completion of work or delivery of […]
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, […]
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 […]
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 […]
