UK businesses borrowed more in one quarter than in whole of 2019 October 6, 2020 British businesses borrowed 50 per cent more in the second quarter of 2020 than in the whole of the previous year as the coronavirus crisis hammered the economy, new figures show. Businesses borrowed a total of £34.5bn in the three months to the end of June, according to a report by banking lobby group UK [...]
Beazley shares fall as it doubles coronavirus claims forecast to $340m September 22, 2020 Specialist insurer Beazley has doubled its forecast for insurance claims related to the impact of the coronavirus pandemic to $340m, as it braces for further disruption to business activity. Almost all of the increase in its estimate stems from event cancellations, as countries appear to be heading into various stages of a second lockdown. Its [...]
K-Pop event firm’s shares remain suspended as losses continue to spiral February 6, 2024 Live Company, the firm behind children’s live entertainment group Bricklive and K-Pop Lux has published its 2022 financial accounts after a six month delay which resulted in it being suspended from the London Stock Exchange. Back in July, the Surrey based group was told it could no longer trade because it failed to publish its [...]
Covid loan schemes help Funding Circle boost income January 18, 2021 Lending platform Funding Circle saw total income rise in the second half of the year helped by record loans under management. Total income rose 26 per cent to £121m helped by a strong performance by its UK operations, which grew 60 per cent to £94m. Loans under management in the UK were up 27 per [...]
Government extends coronavirus business loans ahead of Thursday’s England lockdown November 3, 2020 The government has extended applications for its coronavirus business support loan schemes ahead of England entering a second lockdown on Thursday.
MPs to decide today if David Cameron’s lobbying for Greensill bailout will be probed March 22, 2021 MPs to decide if David Cameron's lobbying for Greensill bailout will be probed
Multinational tax dodging strategies should be as damaging as fuelling climate change June 11, 2021 The G7’s landmark deal to tackle tax avoidance and crack down on multinational companies that treat our global economy as a financial rabbit warren, might seem a welcome step in the right direction. But until businesses start seeing tax as an investment opportunity as opposed to an unwelcome bill, it’s unlikely to make much of [...]
Revolution Bars sees profits hammered by lockdown restrictions April 13, 2021 Cocktail bar group Revolution Bars has reported losses across the board this morning, as its profits were hammered by lockdown restrictions. In the first half of 2020, enjoying just a few months before the pandemic forced lockdown restrictions, the group raked in £81.2m in total sales. With lockdown restrictions only easing yesterday, the group has [...]
Norcros shares rise as bathroom supplier shows signs of resilience amid DIY slump June 13, 2024 Shares in Norcros are up this morning after the bathroom and kitchen supplier showed signs of resilient trade amid a slowdown in the home improvement market.
Aviva estimates covid-19 impact at £160m May 21, 2020 Insurer Aviva today estimated the total payout it will have to make because of covid-19 at £160m net of reinsurance. Aviva said the estimate was based on estimated claims in business interruption insurance, other commercial lines and travel insurance. The insurer said the coronavirus pandemic “provides unprecedented uncertainty” and “may adversely impact our results”. Aviva [...]