Businesses from Stockport's finance and professional services sectors are invited to attend a networking event and hear from Ken Clark, Deputy Agent for the Bank of England in the North West. The upcoming South Manchester Financial & Professional networking event, which will be held at the … [Read more...]
News for: Finance
Landlords with large portfolios are ignoring succession planning, finds Handelsbanken
Most professional landlords with portfolios of 10 or more properties (52%) have no succession plan in place, risking the future sustainability of their business for the next generation. The findings, from local relationship bank Handelsbanken, also suggest a worrying lack of succession planning … [Read more...]
UK SMEs to bolster employee numbers following promising start to 2022
Two in five (40.0 per cent) of small and medium-sized businesses in the UK plan to hire, on average, six new employees before the end of March, following a promising start to the year, according to the latest quarterly Barclaycard Payments SME Barometer The news comes as 56.2 per cent of SMEs … [Read more...]
Property investment business agrees £7.5 million loan with Together
Family-run property investment business, Flood Estates, is set to expand its portfolio after agreeing a £7.5 million loan facility with Cheadle-based Together. The deal with the specialist lender will allow Flood Estates to expand its commercial property portfolio further. The business currently … [Read more...]
Together study finds specialist residential mortgage market set to triple by 2030
A major nationwide study by Cheadle lender, Together predicts the UK specialist residential mortgage market will treble to £16 billion by 2030 driven by changing employment and living patterns. The study, carried out in partnership with economist Dr John Glen, also predicts the overall UK … [Read more...]
HMRC names Stockport firm as tax avoidance promoter
A business on Greek Street in Stockport town centre is among a number of businesses named by HMRC as tax avoidance promoters. Customers are being urged to withdraw from three published schemes and contact HMRC as soon as possible; the 3 named tax avoidance promoters are: Gateway Outsource … [Read more...]
Inflation exceeds 10% for first time since 1980s
The latest ONS Consumer Price Index (CPI) has seen inflation hit 10.1% in July, the first time the measure has hit double figures since 1982 according to historic estimates. The rise in the CPI, which indicates year-on-year increases in price, reflected price rises across all parts of the … [Read more...]
Pensions seen as safer than houses for retirement, finds Handelsbanken analysis
Analysis from Handelsbanken Wealth & Asset Management has found that twice as many workers see occupational or personal pensions as a safer way of saving for retirement than property investment. More than half (57%) of retirement savers who are still working believe pensions are the most … [Read more...]
Together announces new hires to expand footprint in Wales and Scotland
Cheadle based specialist lender, Together, has announced the appointment of two new Business Development Managers to cover Scotland and South Wales respectively. Ian Hoggart (R) and Martin Bloe (L) will both be bolstering the group’s regional teams and increasing its footprint across the Celtic … [Read more...]
CMA survey ranks service of British banks
A survey of thousands of individual and small business current account holders commissioned by the Competition and Markets Authority (CMA) has ranked how well retail banks are supporting their customers. Smaller banks and challengers to the traditional major players in British banking topped the … [Read more...]
BT launches partnership with Barclaycard to expand support for small businesses
Telecoms provider, BT, has announced Barclaycard Payments' has joined its partnership network, aimed at supporting small businesses across the UK. The network, designed for micro-businesses of up to 5 employees, allows BT customers to receive additional perks across broadband, mobile, tech, … [Read more...]
Greater Manchester Night Time Economy Adviser calls for urgent support for hospitality sector
The Night Time Economy Adviser for Greater Manchester, Sacha Lord, has written to Chancellor Nadhim Zahawi, calling for Parliament to be recalled to address the impact of inflation on the hospitality sector. Lord (pictured right, alongside Greater Manchester Mayor Andy Burnham) is warning that … [Read more...]
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