Greater Manchester housing provider, Great Places, has secured £284 million funding to support further investment in new and existing properties. The three revolving credit facilities (RCFs) from Santander, Natwest and ABN AMRO will help Great Places continue to invest in existing properties, as … [Read more...]
News for: Finance
Handelsbanken finds half of Brits fear a fall in living standards
Nearly half (46%) of UK adults are worried that their standard of living will fall over the next 12 months, according to research conducted for Handelsbanken Wealth & Asset Management. Despite recent declines, energy prices still top people’s biggest concerns on the factors threatening their … [Read more...]
Coventry Building Society to acquire Co-operative Bank
Coventry Building Society has agreed to acquire Manchester-based Co-operative Bank in a £780 million deal. West Midlands-based Coventry Building Society is the UK's second largest mutual and the takeover of Co-operative Bank would make the combined group the country's seventh largest lender with … [Read more...]
Vernon Building Society completes refurbishment of St Petersgate headquarters
Stockport mutual, Vernon Building Society, has completed an impressive refurbishment of its headquarters on St Petersgate in the town centre. The refurbishment is part of a £1.2 million investment in the Vernon Building Society's branches as part of a long-standing commitment to providing … [Read more...]
Together announces successful £450 million bond issuance
Cheadle-based specialist lender, Together, has announced the issuance of £450 million in 7 7/8% Senior Secured Notes. The Notes, due in 2030 have been issued through Together subsidiary, Jerrold FinCo plc, with proceeds to be used to redeem senior secured notes issued in February 2020 and due … [Read more...]
Women’s pension pots worth half of men’s, finds Handelsbanken
Women significantly lag men in terms of their pensions savings, new research conducted for Handelsbanken Wealth & Asset Management has found. Among women who have a pension, their savings are typically much smaller than their male counterparts’, according to the firm’s latest report, Gender … [Read more...]
Cash Access UK opens Bramhall Banking Hub
Cash Access UK, the organisation set up to protect nationwide access to cash, has confirmed that Bramhall’s Banking Hub will officially open on Friday 5 April at 11am. The Hub is located at Unit 16 and 17 Village Square in the village centre, and will offer a a counter service operated by the … [Read more...]
Vernon Building Society buries time capsule to mark 100th year
Stockport mutual, Vernon Building Society, has buried a time capsule with help from pupils at St Joseph’s Catholic Primary School to mark its 100-year anniversary on Wednesday 27 March 2024. The time capsule is to remain buried in the school’s peace garden for 100 years, giving school children in … [Read more...]
HMRC halts plans to cut back helpline services
Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted in response to public feedback to its plans, and to trials during 2023. Changes to helpline services aimed at encouraging people to go online first before contacting HMRC via phone or webchat were trialled over the last … [Read more...]
Bellway partners with mortgage provider to support homebuyers at Poynton development
Housebuilder Bellway has partnered with Own New on a mortgage produce that will make it more affordable to purchase a new homes at its Copperfields development in Poynton. A new mortgage product, Own New Rate Reducer, could see buyers of new-build Bellway homes benefit from interest rates from … [Read more...]
Latest fall sees inflation drop to lowest level in nearly two and a half years
The Office of National Statistics (ONS) has reported that February 2024 saw inflation fall to its lowest since September 2021, with its headline Consumer Price Index (CPI) now at 3.4%. The fall, down 0.6 percentage points on January's figure, has helped largely by a slowdown in food and drink … [Read more...]
£660 million second Northern Powerhouse Investment Fund launches
Small businesses in Stockport and across the North of England are set to benefit from the launch of the new £660 million Northern Powerhouse Investment Fund (NPIF) II from the British Business Bank. Since the launch of the first Northern Powerhouse Investment Fund in 2017, it has delivered over … [Read more...]
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