Struggling firms applying for Covid business loans ‘eight times more likely to be rejected than approved’ By Daily Mail City & Finance Reporter Published: 22:57 BST, 7 April 2020 | Updated: 23:15 BST, 7 April 2020 Struggling firms which applied to their bank for an emergency business loan last week were eight times more likely … Read more
My lightbulb moment: Soap-maker Emma Heathcote-James reveals the inspiration behind her business Emma Heathcote-James, 43, lives in the Cotswolds, with her wife and their son She founded Little Soap Company in 2018, as supermarkets lacked proper soap Her products are now sold in eight major supermarkets and retailers By Liz Hoggard for the Daily Mail … Read more
WH Smith expected to be among first in string of retailers to tap investors for cash after being forced to close lucrative travel business By Neil Craven, Financial Mail on Sunday Published: 21:55 BST, 4 April 2020 | Updated: 23:12 BST, 4 April 2020 WH Smith is expected to be among the first in a … Read more
ALEX BRUMMER: Bring business, finance and economy out of hibernation as soon and as safely as possible By Alex Brummer for the Daily Mail Published: 21:57 BST, 3 April 2020 | Updated: 22:59 BST, 3 April 2020 The amazing aspect of the business support schemes on both sides of the Atlantic, flaws and all, is … Read more
Nationwide abandons plans to enter business banking market amid coronavirus outbreak and record low interest rates By Daily Mail City & Finance Reporter Published: 21:57 BST, 3 April 2020 | Updated: 22:07 BST, 3 April 2020 Nationwide has abandoned plans to enter the business banking market amid the coronavirus outbreak and record low interest rates … Read more
Business Secretary Alok Sharma today fired a broadside at UK banks as he warned them it would be ‘completely unacceptable’ to ‘unfairly refuse’ loans for coronavirus-hit firms. The government previously set out the terms of a bailout for businesses to allow them to access money in order to stay afloat. But many firms have detailed … Read more
Business Secretary Alok Sharma today fired a broadside at UK banks as he warned them it would be ‘completely unacceptable’ to ‘unfairly refuse’ loans for coronavirus-hit firms. The government previously set out the terms of a bailout for businesses to allow them to access money in order to stay afloat. But many firms have detailed … Read more
Consign fat cat pay to history: We urge big business to end boardroom excess as virus wreaks havoc By Lucy White For The Daily Mail Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 Companies cutting dividends and laying off workers in a battle to survive the coronavirus crisis should not … Read more
Banks told to stop asking small business owners to put their own assets up as guarantee to access government-backed coronavirus loans The IoD said all banks should drop requirements for personal guarantees Some banks have been criticised for insisting that business owners put their personal assets as a collateral in exchange for the Government-backed loans Seven … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more