Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Warning over ‘burdensome’ employment laws stifling SME growth September 24, 2024 Thousands of small businesses risk closure if the government proceeds with plans to end probationary periods for employees without specific exemptions, a leading employment platform has warned.
Optimism among UK SMEs rises for third straight year September 23, 2024 Optimism among the UK’s small and medium-sized businesses has grown for a third consecutive year in a positive sign for the domestic economy, according to fresh data. Around seven in ten SMEs said they felt confident about the future of their company, rising from 67 per cent in 2023 and 65 per cent in 2022, [...]
Bank of England makes ‘substantial amendments’ to proposed banking overhaul September 12, 2024 "The bottom line is that we have made substantial amendments to our proposals in response to consultation feedback and evidence," Phil Evans, director of prudential policy, said in a speech published on Thursday.
Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
Industrial strategy must boost e-commerce exports to help small firms, report urges September 9, 2024 The government’s industrial strategy must prioritise e-commerce in order to boost small business exports and promote economic growth, a report has urged. Improving trade technology adoption, boosting support for targeting emerging markets, and developing initiatives to support female-led small and medium enterprises (SMEs) would make a significant contribution to the number of small firms exporting, [...]
Barratt Developments to partner with Lloyds and Homes England on housing project September 9, 2024 Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]
Bad data holding back lending to UK’s small businesses, fintech chief warns September 6, 2024 High street banks are keen to lend more to small businesses but being held back by poor data sharing, the head of of a government-backed fintech hub has said, hailing the sector's potential to boost UK economic growth.
Signs of ‘recovery and stability’ surface for Britain’s SMEs August 29, 2024 Signs of 'recovery and stability' for Britain's small and medium-sized enterprises (SMEs) have surfaced amid an increase in broker optimism.
Oaknorth: London challenger bank readies for US expansion as New York office authorised August 27, 2024 Oaknorth has received regulatory approval to open a representative office in New York, paving the way for the digital challenger bank to expand further into the US market ahead of a potential stock market listing.