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Burberry repays Bank of England loan after a sales bounce-back in China By Daily Mail City & Finance Reporter Published: 21:50 GMT, 14 February 2021 | Updated: 21:50 GMT, 14 February 2021 Boost: Burberry’s online sales in China grew by a ‘triple digit’ percentage in the third quarter Burberry has repaid its Bank of England loan … Read more
Catherine Lewis La Torre, who was appointed chief executive of the British Business Bank (BBB) in September, is at the heart of the struggle to keep companies afloat in the pandemic. The BBB administers the emergency loans offered to businesses to help them weather the crisis. It is also behind the Future Fund, which is … Read more
Top bosses of seven universities in England are calling on the Government to scrap interest on student loans for those whose learning has suffered due to the coronavirus pandemic. The vice-chancellors of the universities, including Goldsmiths in London, are calling for ministers to cancel interest on loans covering a 15 month period. The period is from … Read more
Economy may be precarious, tax rises could be near and unemployment is increasing, but 21m people are considering taking out a loan this year once lockdown ends By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 GMT, 30 January 2021 | Updated: 09:58 GMT, 31 January 2021 The economy may be hovering on the edge … Read more
President Joe Biden wasted no time getting his feet under the Oval Office desk. In his first day in the new job after taking over from Donald Trump, the new president signed 17 executive orders, or ways for him to get things done without waiting for Congress to pass laws. As well as rejoining the … Read more
John Lewis to repay £300m Government Covid loan ahead of schedule after Christmas sales held up better than expected The John Lewis Partnership will repay the funds before due date of 15 March Waitrose is yet to repay back the business rates relief though JLP said profits for the full year are likely to be … Read more
New AI app will allow banks to screen loan applicants’ face and voice to determine their ‘trustworthiness’ to decide whether to approve or deny a request DeepScore designed an app for loaners and insurers to assist with approvals The AI analyzes a person’s face and voice to determine if they are trustworthy It asks users … Read more
BREAKING NEWS: Arsenal take out a £120m loan through Bank of England’s Covid scheme to help them cope with the impact of the pandemic – despite splashing out £45m on one player in October and paying Mesut Ozil £350k-a-week but not playing him Arsenal announced they have borrowed £120million from the Bank of England … Read more
British Airways owner IAG had a torrid 2020, to put it lightly, but things are looking up for Britain’s flag carrier after it secured a £2billion loan yesterday that it will be able to start tapping into this month. The facility has been underwritten by banks and partly by UK Export Finance, a Government arm … Read more
MPs attack oversight of Bounce Back loans: Fears taxpayer could be on the hook for £26bn of bad debt By Daily Mail City & Finance Reporter Published: 22:22 GMT, 15 December 2020 | Updated: 22:41 GMT, 15 December 2020 An influential group of MPs has accused the Treasury of having a ‘woefully under-developed’ system for … Read more