LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]
Britishvolt collapses into administration after struggling battery start-up fails to secure a buyer January 17, 2023 Britishvolt has collapsed into administration, in a hammer blow to Britain’s hopes of a building its own electric vehicle industry.
Britain’s forty-something-year-olds are in the sweet spot of working adults January 17, 2023 As young workers struggle with low pay and high rent, and over-50s jump out of the workforce en masse, those in the sweet spot of work in the UK seem to be those in their forties, writes Elena Siniscalco
UK to shake off mild recession by end of this year, City analyst predicts January 16, 2023 The UK economy will experience a very mild recession and could be out of it by the end of this year, a top City economist has forecast. International energy prices have marched back down the steep hill they climbed after Russian president Vladimir Putin sent troops into Ukraine in February last year. On some measures, [...]
Brits switch to social media for music as concerts go meta, says Brit Awards sponsor Mastercard January 16, 2023 Younger Brits are more likely to get their music recommendations from social media with TikTok and Instagram the most popular platforms. According to a new report by Mastercard 56 per cent of those aged 16-24 found their favourite music online. The report by the Brits Awards sponsor claims social media is overtaking physical concerts and [...]
It’s Blue Monday, So Is It Time For A New Job? January 16, 2023 January is such a tough month in so many ways: you probably got paid before Christmas, meaning that your bank balance isn’t looking too healthy right now––and payday is ages away. The weather is dire, those endorphins depleted during the festivities are struggling to retain equilibrium, you’ve broken all your resolutions. The icing on the [...]
Fintech: City minister Andrew Griffith says UK must “raise our aspirations” in growth race January 16, 2023 THE City minister Andrew Griffith has said it is time to raise the “aspirations” of the United Kingdom in order to create a more innovative, growing economy. Griffith, a former Sky exec, writes in City A.M. today that the “stunning success of UK fintech, which supports tens of thousands of jobs,” can provide a roadmap [...]
Brexit opportunities? Labour says it will explore ‘full potential’ of life outside EU January 15, 2023 The Government has not explored the “full potential” of what the UK can do outside the EU’s single market, Labour leader Keir Starmer has suggested. Shadow Northern Ireland secretary Peter Kyle claimed his party would aspire to make more of a success of Brexit. Labour leader Sir Keir Starmer meanwhile insisted that leaving the EU [...]
‘Completely unacceptable’: Players’ union condemns Tottenham fan’s attack on Arsenal goalkeeper Aaron Ramsdale as Gunners stretch Premier League lead January 15, 2023 Arsenal beat Tottenham Hotspur 2-0 to go eight points clear at the top of the Premier League on Sunday – and then saw goalkeeper Aaron Ramsdale attacked by a Spurs supporter. The Gunners took three points at their local rivals for the first time since 2014 through an own goal by Hugo Lloris and Martin [...]
Takeover bid: MJ Hudson to declare offers after suspension of shares January 15, 2023 The embattled financial services firm MJ Hudson is set to tell markets tomorrow it has received offers for parts of the business. Sky News’ Mark Kleinman has reported that the group – whose shares are currently suspended after it reported “issues” around historical trading reports – appointed Alvarez & Marsal to look at possible disposals. [...]