Stockport headquartered lender, Together, has announced its latest quarterly results that reveal its loan book has reached a record £4.8 billion. The group, which provides personal and commercial finance across mainland UK, maintained its strong momentum with new lending up 17.4% on the previous … [Read more...]
News for: Finance
HSBC launches $1 billion fund to support female entrepreneurs
Global banking group, HSBC, has announced it will launch a $1 billion fund (around £820 million) to help improve access to finance for female entrepreneurs worldwide. The funding aims to support female-led businesses and start-ups access the finance needed to grow: as of 2019, female … [Read more...]
Fairhurst Buckley’s new Associate Director achieves CAA status and membership of ACCA
Stockport based Fairhurst Buckley’s head of finance, Luke Atkinson, is celebrating becoming a member of the ACCA after qualifying as a fully Chartered Certified Accountant. Luke (pictured), who was recently appointed as Associate Director at the property specialist firm, joined the finance team … [Read more...]
Library services, museums and other cultural venues invited to register interest to receive share of £128 million support
Cultural venues including museums, galleries and public libraries are being invited to register their interest ahead of the release of £128 million government funding. The funding follows a previous allocation of £48 million to 60 organisations nationwide that helps to improve accessibility to … [Read more...]
Hallidays shares top financial news stories in May
Stockport accountancy firm Hallidays share their round-up of the financial stories this May, including the latest action by HMRC on Covid grant overpayments and tax avoidance schemes. HMRC starts chasing up SEISS overpaymentsHMRC has started to recover overpayments of Self-employment Income … [Read more...]
Together posts record-breaking bridging lending
Cheadle-based specialist lender, Together, has announced it has provided more than £103 million in short-term commercial bridging lending in just one month. The company's latest figures show it provided more than 260 bridging loans, totalling £103.6 million, in April 2022. The previous record … [Read more...]
Bank of England raises interest rates to 1% and warn of 10% inflation by the end of year
The Bank of England has announced a further increase in its base interest rates and issued a stark warning on the UK economy in the near-future. Interest rates have increased by a further 0.25 percentage points to 1%, the highest level since 2009 at the height of the global financial crisis. The … [Read more...]
Together appoints new national development director
Cheadle-based specialist lender, Together, has announced the appointment of Joanne Fletcher as National Development Director at the business. Joanne joined the lender in April and will support the company's ambitious national growth plans, as it looks to grow its loan book to £5 billion over the … [Read more...]
New authority announced to recover government money lost to fraud during pandemic
Chancellor of the Exchequer, Rishi Sunak, has announced the creation of a new 'fraud squad' to recover money lost to fraudulent Covid support claims and other criminal targeting public funds. The Public Sector Fraud Authority is expected to launch in July, bringing together data analytics experts … [Read more...]
CPI rises 7% as fuel and energy costs drive inflation
Inflation has hit 7% according to the latest Consumer Price Index (CPI) data for March released by the Office of National Statistics (ONS). The CPI rose 7% year-on-year in the 12 months to March 2022, up from 6.2% in February. The figure is highest recorded since the measure was included in the … [Read more...]
£2.6 billion levelling-up funding announced
The UK government has announced £2.6 billion of levelling-up funding to match previous EU schemes across all Local Enterprise Partnerships (LEPs) in the UK. The UK Shared Prosperity Fund will be used to allow local authorities to access funds based on their priorities, such as regenerating high … [Read more...]
Cheadle lender secures £700 million refinancing
Cheadle based specialist lender, Together, has announced a successful refinancing of its revolving Lakeside securitisation (LABS) programme. The deal improves the commercial terms on the securitisation, extending maturity from October 2023 to April 2026, and upsizing the facility from £500 … [Read more...]
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