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
Astrazeneca to take out £13bn bridging loan to finance blockbuster takeover of US giant Alexion Pharmaceuticals By Daily Mail City & Finance Reporter Published: 21:51 GMT, 13 December 2020 | Updated: 21:53 GMT, 13 December 2020 Astrazeneca will take out a £13billion bridging loan to finance its blockbuster takeover of US giant Alexion Pharmaceuticals. The … Read more
A £50m ‘provocation’: Sports Direct chief Mike Ashley is accused of playing games over extraordinary loan offer to rescue Philip Green’s Arcadia Sir Philip’s Arcadia Group expected to call in administrators tomorrow morning This is putting the future of up to 500 Arcadia shops and 13,000 jobs in jeopardy Sports Direct and House of Fraser owner … Read more
Sports Direct boss Mike Ashley has offered an emergency £50million loan to Sir Philip Green’s struggling Arcadia Group. The Arcadia Group – which includes TopShop, Dorothy Perkins and Miss Selfridge – is set to fold within a matter of days, putting around 15,000 jobs at risk. The imminent collapse is said to have come after Sir … Read more
Billions being lost in Covid business loans fraud: Taxpayer faces £40bn bill as cost of emergency schemes soar By Lucy White For The Daily Mail Published: 21:55 GMT, 25 November 2020 | Updated: 21:55 GMT, 25 November 2020 The taxpayer could be saddled with a £40billion bill as thousands of loans handed out under emergency … Read more