The latest Lloyds Business Barometer shows that the vaccine rollout has helped drive business confidence to its highest point in a year. The analysis shows that overall UK business confidence rose for a second consecutive month in March. Firms’ confidence increased by 13 points to 15%, the highest reading since February 2020, before coronavirus was…

New research from global insights and information company TransUnion suggests an increased intention among consumers to engage with online-only banks or apps, narrowing the gap between these challengers and traditional high street banks. The figures show 11% of consumers intend to open an account with an online-only bank or app in the next 12 months,…

Danske Bank has agreed to refund around 305 small businesses that it charged to set up business accounts when they applied for bounce-back loans. The Competition and Markets Authority (CMA) says that the bank will refund around £16,450 for breaking rules Danske Bank has agreed to write to the 305 affected SME customers to apologise…

A new report from the Institute of Economic Affairs (IEA) has drawn attention to the shortcomings of the Financial Ombudsman Service (FOS). The report has found that the FOS has failed to deliver its key objectives of  ‘providing fair and reasonable resolution of disputes at speed’ and ‘providing value for money and supporting competition and…

High-cost short term lender Amigo Loans will press ahead with a rescue plan to cap compensation payments for nearly 1 million customers after the high court rejected concerns the proposed scheme would unfairly harm them. Amigo Loans has been made aware that the Financial Conduct Authority did not support the Scheme and has set their…

The Zinc Group has announced that it has appointed Kjartan Hearn to lead the creation of a new ‘Decision Science’ team. Hearn has joined the business from Revolut and will lead the development and growth of the new team to match the company’s aim to lead the way in portfolio and operational analysis and modelling.…

Governance risk service provider, Kroll has announced that it has promoted four existing senior directors within the restructuring team to the role of Managing Director, further strengthening the UK team. The promotions of Eddie Bines, Martin Gray, Mike Lennon and Jimmy Saunders comes on the back of Kroll’s announcement late last year of its global…

The planned reopening of the economy and the Budget has boosted business spirits, the Institute of Director’s (Io D) latest Confidence Tracker has revealed. The report has found that Directors’ optimism in the economy is at its highest since just after the 2019 General Election, moving further into positive territory since February (+14, up from…