Stockport based fintech and virtual payments provider, Conferma Pay has appointed former Mastercard executive, Sonya Geelon, as its new Chief Commercial Officer (CCO). Sonya joins Conferma Pay from her previous role as Senior Vice President UK & Ireland and Country Manager Ireland for … [Read more...]
News for: Finance
Loan book grows to £6.4 billion at specialist lender
Cheadle-headquartered specialist lender, Together, has announced its loan book has grown to £6.4 billion in its results for the year to 30th June 2023. The group, which provides personal and commercial finance to businesses and individuals, reported average monthly lending of £233.1 million – up … [Read more...]
Bank of England holds interest rates at 5.25%
The Bank of England's Monetary Policy Committee has opted to hold interest rates at 5.25% following yesterday's (20th September) surprise fall in inflation. Economists at the bank voted 5-4 in favour of holding the rate at 5.25%, with those opposing the decision calling for a 0.25 percentage … [Read more...]
ONS records slight drop in inflation
Inflation fell slightly from 6.8% in July to 6.7% in August, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The latest decline, albeit just by a tenth of a percentage point, brings inflation to lowest level in 16 months. The main contributing … [Read more...]
Two weeks remain to register for Self Assessment for 2022-23 tax year
HMRC is reminded those who are have to pay tax via Self Assessment for the first time for the 2022-23 to register by 5th October. If a customer has any income that they have not already paid UK tax on, they need to register for Self Assessment. New Self Assessment customers could be someone who … [Read more...]
Manchester Airports Group raises £360 million in bond markets
Manchester Airports Group (MAG) has raised £360 million in the UK capital markets through the issuances of an 18-year bond which attracted interest from blue-chip UK investors. The bond, issued at a rate of 6.125%, was four times oversubscribed, totalling around £1.4 billion at its peak, … [Read more...]
Start Up Loans hits £1 billion milestone of support for UK small businesses
The government-backed Start Up Loans scheme, part of the British Business Bank, has delivered more than £1 billion worth of loans to small businesses nationwide since launching in 2012. In the North-west, businesses in the region have secured almost £122 million in 13,020 loans, with an average … [Read more...]
Together prices residential mortgage backed securitisation
Cheadle-based specialist lender, Together, has announced the successful pricing of its £443 million residential mortgage backed securitisation (RMBS). The latest pricing of the 1st charge only securitisation is the second for the non-bank lender in just three months, and only its ninth overall. … [Read more...]
North West business activity fell in August for first time in seven months
Business activity levels across the North West fell for the first time in seven months in August, according to the latest Regional PMI survey by high street bank NatWest. The headline North West PMI Business Activity Index – a seasonally adjusted index that measures the month-on-month change in … [Read more...]
The Vernon Building Society seeks Trustees for new charitable foundation
Vernon Building Society, Stockport’s home-grown building society, is seeking to recruit Trustees to join the organisation’s new charitable foundation. The Vernon Charitable Foundation is being established as part of the Vernon Building Society’s celebration of its centenary year as it builds on … [Read more...]
GC Angels becomes North West delivery partner of Fund Her North, empowering the regions female entrepreneurs
GC Angels, one of Greater Manchester’s leading early-stage equity investors, has announced a partnership with NorthInvest to deliver Fund Her North activities across the North West, increasing its commitment to driving change across the Northern investment landscape. The collaboration … [Read more...]
NPIF microfinance deal for Stockport digital media firm
Stockport based 9Ways Digital Media has secured a £55,000 loan from NPIF – River & GC Microfinance, part of the Northern Powerhouse Investment Fund (NPIF). Established in 2019, 9Ways Digital Media provides audio-visual media services for the healthcare sector, and during the Covid-19 … [Read more...]
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