Investment firm backed by Wayne Rooney and wealthy sports stars defaulted on huge £4.7m loan

An investment group backed by wealthy sports stars including Wayne Rooney, Ashley Cole and Sam Allardyce defaulted on a huge £4.7million bank loan – blaming money flow issues during the coronavirus pandemic. The partnership, made up of other well-known names including boxer Joe Calzaghe, former Everton boss Roberto Martinez and one-time England keeper Joe Hart, are … Read more

Loan gripes soar as families struggle to afford repayments in pandemic

Loan gripes soar during the pandemic as families struggle to afford repayments By Amelia Murray For The Daily Mail Published: 22:01 GMT, 2 March 2021 | Updated: 22:01 GMT, 2 March 2021 Complaints about loans soared last year as families struggled to afford repayments in the pandemic. Guarantor loans, which are typically taken out with … Read more

German giant’s bonus haul after £1bn Bank loan

German chemicals giant BASF pays directors and staff bonus worth €360m after borrowing £1bn from Bank of England By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 27 February 2021 | Updated: 21:51 GMT, 27 February 2021 German chemicals giant BASF has paid its directors and staff a bonus worth €360million (£312million) after borrowing … Read more

Sunak set to overhaul Covid loan programme in next week’s budget

Sunak set to overhaul Covid loan programme: Bounce back scheme to close at end of March By Lucy White For The Daily Mail Published: 21:52 GMT, 25 February 2021 | Updated: 21:52 GMT, 25 February 2021 The Chancellor is set to shake up the Government’s emergency Covid loan programme in next week’s Budget. Rishi Sunak … Read more

Caught red handed, the smirking Bounce Back Loan bandit

Crooked businessmen have been caught offering to sell dormant companies in the full knowledge that they will be used to make fraudulent claims for coronavirus loans. The Mail on Sunday today exposes the scam, which allows con artists to use the companies as a front to claim money under the Government’s Bounce Back Loan Scheme, then … Read more

Stagecoach on track to extend £300m Covid loan by a YEAR

Stagecoach on track to extend £300m Covid loan by a YEAR amid uncertainty over duration of lockdown Stagecoach has agreed an extension to the first £100million  And it is hammering out new terms for the remaining £200million It will not have to repay the loan until February 2022 By Neil Craven for The Mail on … Read more

Burberry repays Bank of England loan on Chinese sales boost

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

The Covid loan arranger: Lewis La Torre has never been more in demand

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

Seven vice-chancellors call for student loan interest over 15 month Covid period

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

21m people may take out loan this year once lockdown ends

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