Wrightbus secures £50m government-backed loan to boost hydrogen bus exports June 9, 2023 Sustainable bus maker Wrightbus has today secured a £50m government-backed loan to turbocharge exports of electric and hydrogen-powered buses. The agreement will see the UK’s Export Finance (UKEF) agency guarantee 80 per cent of the loan, from Barclays bank. The firm said the backing will allow it to deliver orders to new markets including Germany [...]
Election 2024: Starmer and Reeves to lean on private sector to fund infrastructure plan May 27, 2024 Labour will reportedly utilise private finance to fund key national infrastructure schemes, if the party is elected into government.
Capita continues sell-off with £62m offload of environmental testing arm December 4, 2023 Outsourcing firm Capita is selling its 75 per cent stake in Fera Science, as the firm continues its strategy to simplify its business model. The deal sees the firm selling its stake to private investment company, Bridgepoint Group, for cash proceeds of £62m upon completion. Fera Science specialises in environmental testing, research, and advisory and [...]
Exclusive: Zopa snaps up buy-now pay-later firm DivideBuy February 16, 2023 Digital lender Zopa is set to snap up buy-now pay-later firm DivideBuy as it kicks off a dealmaking push following a funding round earlier this year. The deal marks the London-based bank’s first acquisition and comes after it raised a £75m warchest in January, which bosses said would be channelled into dealmaking. Zopa did not [...]
Green hydrogen future? Geopura secures millions in funding from GM, Barclays and Siemens February 21, 2023 Green hydrogen specialist Geopura has raked in £36m from its latest funding round, with plans to vastly scale its business.
Square Mile and Me: Rashik Parmar MBE on becoming a tech veteran September 5, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Rashik Parmar, CEO of BCS, The Chartered Institute for IT, takes us through his career.
Lloyds Bank profit poised to be held back by setting aside millions to cope with cost of living defaults February 20, 2023 A build up of reserves to cope with an expected jump in loan defaults and a slow down in the mortgage market is expected to have held back profits at Lloyds Bank last year, results out on Wednesday could show. Britain’s biggest mortgage lender is poised to be the latest bank to underwhelm markets in [...]
Renewables boss: People don’t realise ‘control’ China has over UK’s net zero push September 19, 2023 The UK is a decade away from cutting its dependence on China to meet its renewables ambitions, warned the boss of a leading clean energy firm.
GigPig: Former Sky Bet boss backs investment in live music marketplace that’s ‘fueling a cultural movement’ May 9, 2024 The former boss of Sky Bet is among a group of investors who have helped live music marketplace GigPig raise more than £1m.
FTSE 100 close: London markets close deeply in the red after poor PMI data shakes sentiment October 2, 2023 London's FTSE 100 markets slumped into the red on Monday, having opened slightly higher, as disappointing PMI data sparked a sell-off.