The British Business Bank’s fourth Nations and Regions Tracker has found usage of external finance has increased overall across North West businesses; however, sentiment on economic opportunity remains subdued among smaller firms. Usage of external finance among smaller businesses in the North … [Read more...]
News for: Finance
One in three SME owners plan to sell by 2027, finds Handelsbanken research
New research conducted on behalf of Handelsbanken Wealth & Asset Management has found a significant year-on-year increase in the number of SME business owners looking to sell. According to the study, almost a third (30%) of SME owners plan to sell part or all of their business within the next … [Read more...]
Inflation falls to 1.7%
Inflation in September fell to 1.7%, according to the latest Consumer Price Index data from the Office of National Statistics (ONS). The rate, down 0.5 percentage points on the previous month's figure, marks the slowest rate of price growth since April 2021 and sees inflation fall to below the … [Read more...]
Together appoints new CEO of Personal Finance division
Cheadle-based specialist lender, Together, has announced the appointment of John Barker to the role of CEO of its personal finance division. Barker, who joined the firm as Chief Operating Officer in July 2023, has led on the lender's innovations improvements to its digital services to customers … [Read more...]
Handforth retail group begins second phase £25 million share buy-back programme
Handforth-headquartered retail and pet care group, Pets at Home Group, has announced it has begun the second phase of a £25 million share buy-back programme. First announced with its annual results in June 2024, the £25 million share buy-back programme was planned to take place in two tranches. … [Read more...]
Expert Opinion: Are you taking advantage of pension contribution allowances and incentives?
Ahead of the Budget, Simon Chatterton, Partner at S & T Wealth Management, discusses the incentives available to you while building your pension portfolio and the possible scenarios being debated ahead of the Government’s Autumn budget on 30th October. It is important for investors to … [Read more...]
Together and social impact group HSPG house 10,000 people during eight-year partnership
Cheadle-based property lender, Together, has provided finance of more than £100 million for one of the UK’s leading social impact real estate firms, HSPG. Manchester-based HSPG, which creates long-term partnerships with Local Authorities to provide social and affordable housing, formed the … [Read more...]
Companies House implements new non-compliance penalties
Registered companies and their directors are being warned of new penalties being introduced by Companies House for non-compliance with their legal responsibilities. As part of new powers granted to the body in the Economic Crime and Corporate Transparency Act 2023, businesses could face financial … [Read more...]
Together promotes from within to appoint new Chief Financial Officer
Cheadle-based lender Together has promoted Chris Adams to the role of Chief Financial Officer, joining the Group’s Board of Directors with immediate effect. The internal promotion demonstrates Together’s commitment to developing talent from within the business and sees Chris’ remit and … [Read more...]
New legislation announced to address late payments to small businesses
The government is to consult on new legislation to address late payments to small businesses, which costs SMEs £22,000 a year and a combined 56 million hours in lost productivity. A new Fair Payment Code and fresh rules on company reporting are among proposals to hold larger firms to account and … [Read more...]
Together posts £200 million profits as loan book swells to £7.4 billion
Property finance group Together, one of the largest UK non-bank lenders, has announced underlying profits before tax of £200.9 million. The finance company, based in Cheadle, has today (Thursday, September 19th) published its annual results for the year to June 30th 2024. The group’s loan book … [Read more...]
Inflation holds at 2.2% in August
Latest inflation data from the Office of National Statistics (ONS) has found that prices rose 2.2% over the 12 months to August 2024, the same rate as recorded the previous month. The latest Consumer Price Index (CPI) data from the ONS sees inflation remain slightly above the Bank of England's 2% … [Read more...]
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