Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 176% in April 2021 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 80% in April 2021 compared with the same month in 2020. In the first four months of 2021, new business was 15% higher than in the same period in 2020. The…
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South West Water owner, Pennon Group has announced that it has acquired Bristol Water for £425 million. The acquisition means that the Pennon Group will add around 1.2 million customers to its portfolio. Commenting on the Acquisition, Susan Davy, Group Chief Executive said ‘The acquisition of Bristol Water brings great people and a great business…
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2.5 million consumers are behind on their broadband bills, with 700,000 of these falling into the red during the pandemic according to new research by Citizens Advice. The new research from the charity has also found some groups are particularly struggling. Young people and those with children under 18 are three times more likely to…
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Trade credit insurer, Euler Hermes has announced that it has appointed Sarah Murrow as Chief Executive Officer (CEO) of its UK and Ireland business. Murrow moves from her role as the market management, commercial underwriting and distribution (MMCD) director for Northern Europe, and will be the first woman to head up Euler Hermes’ UK and…
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New figures from the ONS have highlighted the gap between the incomes of the richest and poorest fifths of people in the UK. The figures show that In the period leading up to the pandemic, the richest (£107,800) one-fifth of people’s average household incomes before taxes and benefits was over 12 times larger than the…
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