High street banks must have known it was coming, but a new report from the Competition and Markets Authority (CMA) has put some firm dates for technical innovation in place – and some banks may be led kicking and screaming into a brave new world.
Mark and Matthew Steer are the father and son duo behind Lancar, a Sheffield-based business that has scaled from IT service provider into pub acquisitions – a move which has now resulted in the launch of independent brewery Little Critters.
Airhop, the Bristol-based trampoline park operator, is ready to bounce towards growth with a £6m loan from Santander, which will help the company open 18 new venues across the UK and Europe.
Alternative lenders in the UK mortgage market have now risen up in many guises, from challenger banks such as OneSavings Bank, through to peer-to-peer lenders like LendInvest – the latter of which has seen some impressive growth and is part of our Everline Future 50 2016.
European bank share prices have been under significant pressure, with weak investor sentiment being accentuated by the Bank of Japan’s decision to apply negative interest rates on excess reserves.
Peer-to-peer finance business Lending Works demonstrated significant growth milestones in 2015, showcasing how powerful the P2P platform has become as the number of loans via the platform rose fourfold.
It’s tough trying to get ahead in business, especially when it comes to managing finances. Thank heavens that a steel mill – part-owned by Chelsea FC billionaire Roman Abramovich – has successfully secured a £45m business loan.
Over 3,000 small and medium-sized British businesses are set to benefit from a new deal inked between the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) and an online finance platform.
