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
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
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
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: 21:51 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
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
Families who have struggled with money at some point in the past three years have seen their finances disproportionately hard hit as a result of coronavirus. Those who have a history of struggling to keep up with debt repayments are about 50 per cent more likely to have got further into debt as a result … Read more