Lending to SMEs drops for fifth straight quarter as MPs probe access to funding December 13, 2023 Lending to small and medium-sized businesses (SMEs) has fallen by 20 per cent in its fifth consecutive quarterly drop, according to new figures from the banking trade body, as major lenders face scrutiny from MPs.
Debate: Should we accelerate towards a cash-free society? December 13, 2023 After our intrepid deputy comment editor Anna Moloney found herself stranded, £20 note in hand, with no where to use it in Central London, it raised a wider conversation: what's the point of cash? Does it have nostalgic value? And are we rushing towards a world without pounds and pennies without thinking about it?
Regulator to clamp down on post-Brexit credit and debit card fees December 13, 2023 An “unduly high” surge in credit and debit card interchange fees has cost UK businesses an extra £150m to £200m in the past year, the Payment System Regulator (PSR) has found. As a result, the regulator has proposed a price cap to protect UK businesses from overpaying, as it believes a significant raise in fees [...]
Royal Mail ‘considering £430m swoop for Euro rival’ December 13, 2023 International Distributions Services is said to be considering going in for the company which operates in central and eastern Europe.
Revolution Beauty reaches settlement agreement with co-founder December 13, 2023 Embattled makeup giant Revolution Beauty has reached a settlement agreement with its co-founder to change terms for the acquisitions of a pharmaceutical company which he owned. The troubled makeup brand was in discussions with the former executive chairman, Tom Allsworth, to fix the timetable for deferred payments owed to him for his stake in Medichem. [...]
Ladbrokes owner Entain’s chief exec walks following £615m bribery fine December 13, 2023 The chief executive of Entain is to depart following the resolution of a bribery scandal at its former Turkish business.
Ukraine’s Shakhtar hope to overcome hardship in decider against Porto December 13, 2023 Teams who have previously qualified for the Champions League’s Round of 16 have received a cash injection of at least £30m.
GDP falls sharply in October as UK economy recession fears re-ignite December 13, 2023 GDP fell 0.3 per cent in the month of October, reigniting fears that a wave of interest rate hikes have strangled UK growth.
Meet the entrepreneur on a mission to give women more control of their money – and make a difference December 13, 2023 Female Invest is on a mission to help women reach financial independence. Anna-Sophie Hartvigsen says it's about more than just money.
No proof of ‘value for money’ for billions spent on public procurement December 13, 2023 The government cannot demonstrate “value for money” for billions of taxpayer-funded public procurement, a group of MPs have warned.
