Aberdeenshire dental business secures £50,000 CBILS loan from Barclays

The Inverurie Dental Practice, which operates two clinics in Inverurie and Kintore, has secured a vital funding package from Barclays to navigate the coronavirus lockdown and recovery, including a £50,000 loan through the Bounce Back Loan Scheme.

Published 26 May 2020

ONS: UK retail sales drop 18% in April

Retail sales in the UK throughout the month of April have dropped by 18.1%, according to the latest figures released by the Office for National Statistics (ONS).

Published 22 May 2020

Barclays supports Dundee oil and gas service company with government-backed loan

Dundee-based Red Kite Oilfield Services, a company providing crucial radial cutting torch services to the oil and gas industry in the North Sea, has secured vital funds to navigate the coronavirus lockdown and recovery, thanks to a £100,000 Coronavirus Business Interruption Loan (CBIL) from Barclays.

Published 12 May 2020

Macs Adventure secures £1m government-backed loan through Barclays support

Glasgow-based tour operator Macs Adventure has received a £1 million Coronavirus Business Interruption Loan (CBIL) from Barclays to safeguard the future of the business.

Published 11 May 2020

Manorview Hotels & Leisure Group secures £3.25m loan from Barclays

A £3.25 million loan from Barclays has provided Manorview Hotels & Leisure Group with the funds required to navigate the coronavirus lockdown and recovery.

Published 30 April 2020

Barclays and Santander profits plummet

Barclays and Santander have seen profits drop dramatically in the first quarter of 2020 as the two banks prepare for the economic difficulties stemming from the coronavirus pandemic.

Published 29 April 2020

UK retail sales in March hit record low

UK retail sales in March hit record lows as sakes volumes dropped by 5.1% according to the latest Office for National Statistics (ONS) data. 

Published 24 April 2020

Barclays bosses to donate third of their pay as part of £100m coronavirus community aid package

Barclays has announced that its chairman Nigel Higgins, group CEO Jes Saley and finance director Tushar Morzaria will donate a third of their fixed pay for the next six months to charities supporting people affected by the coronavirus outbreak.

Published 8 April 2020

Barclays announces free banking measures for SMEs with turnover under £250k

Barclays has announced free banking measures for UK SMEs who have a turnover of under £250,000.

Published 6 April 2020

Bank shares drop after regulator orders dividend suspension

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

Published 2 April 2020

Mortgage lenders seek 40% deposits

Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

Published 1 April 2020

Barclays plans to be a net-zero bank by 2050

Barclays has today announced its ambition to become a net-zero bank by 2050.

Published 30 March 2020

Banks backtrack on personal guarantees after public backlash

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

Published 27 March 2020

Mounting pressure on banks to block £7.5bn dividends

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks.

Published 27 March 2020

ONS: Retail sales fell in February for fourth consecutive month 

In the three months to February 2020, the quantity bought in retail sales fell for the fourth consecutive month by 0.6%, according to the latest Office for National Statistics (ONS) Retail Sales data.

Published 26 March 2020