Donald Trump’s bombshell announcement that the US will slap a 25% tariff on imported automobiles is an “act of economic self-sabotage” dressed up as industrial strategy. This is the stark analysis from Nigel Green, CEO of global financial advisory giant deVere Group, after the US President on Wednesday said he will put a 25% levy on […]
Derren Nathan, head of equity research Hargreaves Lansdown: “The FTSE’s on a stable footing today rising slightly at the open to lock in yesterday’s modest gains despite Rachel Reeves revealing in yesterday’s Spring Statement that the Office for Budget Responsibility (OBR) has halved its 2025 growth forecast for the UK economy to 1%. Given the sluggish […]
Business Money group editor Robert Lefroy said: “When you fabricate a CV, never believing you would be found out, it comes as no surprise when your budget statement contained forecasts of a similar ilk. Rubbished by the OBR and the left-wing Resolution Foundation, as well as the usual business interests, Rachel, you are uniting some […]
Skipton Business Finance (SBF), a leading provider of innovative and flexible working capital solutions for businesses across the UK, has announced a 13% increase in pre-tax profits to £10.8m for 2024. The company, which is part of the Skipton Group, also reported a 19% rise in collective turnover among the businesses it serves from £2.1bn […]
The government has released its response to the Building Safety Levy (BSL) consultation, confirming the taxation levels it seeks to impose across the development industry. Richard Beresford, chief executive of the National Federation of Builders, said: “The Building Safety Levy is anti-growth, anti-SME policy, which will weaken the housebuilding industry and put the government’s 1.5 […]
Specialist property lender Roma Finance has expanded its product offering with the launch of RomaPRO, a dynamic buy-to-let solution designed to empower property investors and developers. This strategic move strengthens Roma’s commitment to supporting investors at every stage of their property journey — now made even more accessible through Brickflow, the UK’s leading digital marketplace […]
Unity Trust Bank, which supports organisations that create positive social impact across the UK, has reported that more than half of its lending went to customers delivering services in areas of high deprivation in 2024. In its annual results, Unity’s overall lending remained at over £1bn with 50.5% (2023: 45.3%) committed to where it is […]
Mergers and acquisitions (M&A) remain a key priority for UK lower mid-market businesses, with 22% identifying it as one of their top three core growth strategies over the next three years, according to new research from business advisory group Dow Schofield Watts. As firms navigate an increasingly competitive landscape, M&A is seen as a critical tool […]
The latest Lloyds UK Sector Tracker, compiled using exclusive PMI survey data from around 1,300 private sector companies, reveals that more sectors reported month-on-month growth in February. Four sectors saw output rise (up from one in January) – the most since November 2024. Software & IT services grew at the fastest pace (58.7), and the […]
The majority shareholders of United Trust Bank (UTB), a leading UK specialist bank, and Warburg Pincus LLC have successfully completed a transaction in which Warburg Pincus has acquired a minority equity interest in UTB. This investment, which values the banking group at approximately £520m, supports the continuation of UTB’s strong and profitable growth and is a significant […]
