Hilltop Honey secures £10m boost as it plans overseas expansion August 22, 2024 Hilltop Honey has secured a £10m banking package from Santander UK as the brand looks to gain the financial support it needs to expand globally. The banking package includes stock finance, FX facilities, invoice finance and term loan refinancing and is designed to help the start-up accelerate its growth on a global scale. It comes [...]
Profit drops at Santander UK but boss Regnier hopes for brighter second half July 24, 2024 Santander UK reported a sharp drop in profit in the first half of the year but said there were signs of growing tailwinds for the rest of 2024. The Spanish bank’s UK arm reported pretax profit of £804m in the first six months of the year, down from £1.2bn in the same period last year. [...]
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high May 22, 2024 Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.
Banks drive finance complaints up by a fifth as ‘unaffordable’ credit cards slammed May 1, 2024 Issues with banking and credit cards drove official finance complaints up nearly a fifth in the second half of last year, new figures show, as customers were hit by fraud and "unaffordable and irresponsible lending".