A group of trade bodies representing tens of thousands of businesses across the retail and hospitality sectors are appealing for Parliament to intervene to protect British businesses and consumers from the mounting cost of anti-competitive practices in card payments. The British Retail Consortium (BRC), British Independent Retailers Association (BIRA), Association of Convenience Stores (ACS), Federation…

Gross lending to SMEs was £5.2 billion in Q2 2021, down from £7.6 billion in Q1 2021, reflecting declining demand for new funding and falling applications according to latest analysis by UK Finance. The research showed that weaker demand led to gross lending continuing to decline across all regions and sectors. Whilst repayments accelerated in…

New research from Aldermore bank shows small and medium-sized enterprises (SMEs) are more confident in growing their business since lockdown restrictions have eased, as they reveal the amount they plan to invest in their business’ has risen 190% to £283,500, up from £97,719 in February. Two out of five SMEs will spend on new equipment…

Ofgem has appointed British Gas to take on supplying PfP Energy’s approximately 82,000 domestic customers and 5,600 non-domestic customers, and MoneyPlus Energy’s approximately 9,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. For existing customers of both failed suppliers, energy supplies will continue as normal as they switch over to British Gas. Customers of PfP Energy and MoneyPlus Energy will be contacted over the…

Specialist lender Assetz Capital has appointed a new Senior Relationship Manager to its bridging team as it continues to grow market share in short term finance. Mehwish Mirza joins from Glenhawk, where she spent nearly two years operating as a Business Development Manager following spells with Together and Gatehouse Bank. Merza began her career with…