By: Jennifer Sieg

SME Correspondent Jennifer Sieg is an SME correspondent and editor of Ambition A.M., City A.M.'s weekly newsletter for all things entrepreneurship. She is also the host of Founder Favourites podcast, interviewing some of the UK's most interesting and up-and-coming founders. Email: jennifer.sieg@cityam.com

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FSB calls on regulator for support against ‘harsh’ banking practices

December 11, 2023

The FSB said lending practices "excessively demand personal guarantees for business loans," which can be a "straitjacket" on business growth.
Hipgnosis: Embattled music fund announces sale of 20,000 more songs

December 11, 2023

Embattled music fund Hipgnosis continued its bid to turn its fortunes around, with today the sale of an additional 20,000 songs for £18.4m. The sale represents one per cent of the music fund’s investment portfolio, consisting of “non-core” songs which “require time intensive, ongoing accounting and reporting obligations and do not all have perpetual ownership [...]
Young City professionals ditch WFH as productivity thrives in the office

December 11, 2023

London's young professionals have said they are more productive when working in the office, according to a new survey.
Meet the UK’s Young Banker of the Year

December 9, 2023

The winner, Nick Herd of Sainsbury's Bank, was presented with a £1,000 prize and an additional £1,000 for a charity of his choice.
Small businesses shrug off economic gloom as consumer spending remains resilient

December 8, 2023

The survey, conducted by London-based fintech SumUp, shows that some 23 per cent expect a higher turnover this year compared to last.
Average two-year mortgage rate drops below six per cent in sign pain for borrowers is easing

December 8, 2023

The average interest rate for a fixed two-year mortgage has fallen below six per cent for the first time since June. Moneyfacts has reported the average two-year fixed rate is now 5.99 per cent, down from the peak of 6.86 reached in July. Competition among lenders is driving rates lower, noted partner at Knight Frank [...]
Businesses should expect ‘fair prices’, Ofgem respond to FSB’s concerns ahead of winter

December 8, 2023

The FSB called on energy suppliers last month, signalling that changes must be made as small businesses battle high utility bills.
Anglo American says mining prospects ‘have rarely looked better’

December 8, 2023

Mining giant Anglo American says prospects “have rarely looked better” as part of its performance update to investors today. In a global battle for minerals, Anglo American chief executive Duncan Wanblad said he believed his firm’s ability to tap “world class” assets would ensure “ever more attractive” demand. “Operationally, we are improving cost performance and [...]
City of London Corporation calls on Square Mile to offer ‘supported internships’

December 8, 2023

The City of London Corporation is urging businesses in the Square Mile to offer supported internships for people with Special Educational Needs and Disabilities (SEND). Some 70 businesses from the financial district came together yesterday at Mansion House to discuss what could be done to advance the careers of young individuals. Supported internships usually last [...]
Liberis secures £89m on mission to close global SME funding gap

December 7, 2023

London-based fintech Liberis has secured $112m (£89m) from HSBC Innovation Banking and BCI Capital, furthering its mission of closing the global small business funding gap. The financing will help the small business-focused finance firm to further its growth across Europe and North America, providing businesses with more flexible finance options. Liberis chief executive, Rob Straathof, [...]

Global Counsel to be placed into administration

Chesterfield FC bids to be pilot for Independent Football Regulator

David Attenborough London documentary wanted to ‘rebrand’ rats

By: Jennifer Sieg

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