Credit, Collections & Insolvency News
UK business confidence surged in May to its highest level since last August, according to new data from Lloyds Bank. The rise was driven by a sharp rebound in global financial markets and a softening in trade tensions between the US and its partners. The business barometer rose by 11 points to 50% up from…
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Total like-for-like retail sales in discretionary categories fell by -1.2% in May, compared to a positive base of +2.3% in the same month last year, according to BDO’s latest High Street Sales Tracker. The decline was driven in part by the fall in non-store retail sales, which dropped by -3.1% compared to May 2024. This…
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Specialist business bank Redwood has announced the appointment of Stuart Davidson as its new Chief Commercial Officer (CCO), to further bolster the Bank’s savings and lending proposition for future growth. Davidson, who joined Redwood in early 2018, just months after its launch, has more than 35 years of financial services experience. He spent two decades…
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The IoD Directors’ Economic Confidence Index, which measures business leaders’ optimism in prospects for the UK economy, jumped to -35 in May 2025 from -51 in April – the highest that the Index has been since August 2024 (-12). Business leader’ confidence in their own organisations rose slightly to +15 from +13. In terms of…
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