Axa must pay £4.4m Covid insurance claim to high-end restauranter Corbin & King, High Court says February 25, 2022 High end restaurant business Corbin & King, which owns restaurants across London, including Colbert in Sloane Square and The Wolseley in Mayfair, has won a £4.4m case against insurance giant Axa, after the insurer refused to cover losses incurred by the restauranter during Covid-19. The case comes after Axa said it would not pay Corbin [...]
Majority of businesses expect growth to slump after coronavirus passes June 15, 2020 British businesses are pessimistic about their growth once the coronavirus crisis passes, as they continue to face significant obstacles to running normal operations. A survey commissioned by UK Finance and undertaken by BDRC found that the Covid-19 crisis has negatively impacted nearly 70 per cent of businesses in Britain. Three out of five (60 per [...]
Should you invest in P2P lending through your ISA? February 8, 2021 Cash and stocks and shares aren’t the only choices when it comes to using your ISA allowance. You can also back British business and individuals through peer-to-peer lending using an Innovative Finance ISA (IFISA). An IFISA lets investors earn interest from peer-to-peer loans tax-free. You can use part of your £20,000 ISA allowance but can [...]
Government eases pressure on small businesses with further loans support September 24, 2020 The government today rolled out a much needed lifeline for small businesses struggling to stay afloat during the coronavirus pandemic by loosening the terms under which they have to pay back emergency loans. Under the new scheme, dubbed “pay as you grow” by chancellor Rishi Sunak, all businesses who have borrowed money through the Bounce [...]
The Piano Works and Kerb market bosses among those pushing Rishi Sunak to back hospitality investment November 11, 2020 London hospitality firms including The Piano Works, street food market Kerb and bar operator Lollipop have called on the government to incentivise investors to help rebuild the sector without burdening struggling companies with extra debt.
How our family’s passion for eco-friendly cleaning turned into a multimillion-pound business July 30, 2024 Have you ever wondered what the counter cleaning spray that you find on your local supermarket shelf is made of?
Coronavirus loans double to £2.8bn but only half are approved April 23, 2020 Banks have approved less than half of applications for coronavirus loans, as industry figures warn firms risk missing out. Loans for businesses increased £1.45bn in the week from 14 April to 21 April. It brings total lending under the Coronavirus Business Interruption Loan Scheme (CBILS) to £2.8bn, according to UK Finance data. Over 9,000 loans [...]
JD Wetherspoon expects sales to fall once Eat Out to Help Out scheme ends August 24, 2020 Pub chain JD Wetherspoon today said it expects its sales to fall once the government subsidised Eat Out to Help Out scheme finishes. The scheme gives diners 50 per cent off up to £10 a head on meals bought at participating outlets on every Monday, Tuesday and Wednesday throughout August. The business owners must then [...]
Insurers need to capture the Covid-19 zeitgeist and go beyond expectations January 21, 2021 As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence. However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been [...]
CBILS: Market Finance starts small business lending under Covid-19 scheme June 5, 2020 Market Finance today opened for loan applications from small businesses under the government’s coronavirus business interruption loan scheme (CBILS). The London fintech firm last month gained accreditation from the British Business Bank to offer loans under CBILS, which offers support to small firms impacted by the Covid-19 crisis. Market Finance will offer a term loan [...]