Category: Economy

Smaller firms less alert to invoice scams

Finance, Economy

More than four in 10 businesses in the UK are unaware of the risks posed by invoice fraud, according to a survey by UK Finance. There were 3,280 invoice and bank mandate scam cases involving businesses over 2018, costing firms almost £93m. Some £29.6m of the money lost to...

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Invoice finance returns to growth in H2 2018

Finance, Economy

Invoice finance and asset-based lending returned to growth in 2018, according to analytics software provider Equiniti Riskfactor. After two consecutive quarterly declines in the first half of 2018, total advances at the end of December 2018 totalled £22.7bn, up over £100m on the previous quarter and up 2.4% on...

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Inflation rises in February

Economy

Food and alcohol price rises helped push inflation higher in February, the first rise since August 2018. The rate of price changes, measured using the Consumer Prices Index (CPI), rose to 1.9%, from 1.8% in January. House prices are rising at their slowest rate for almost six years, the...

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First-time buyer figures fall in February

Finance, Property, Economy

The latest data from e.surv suggests that mortgage approvals fell by 0.5% in February as lending to small deposit borrowers reduced slightly. Richard Sexton, director at e.surv, remarked: “While confidence has fallen in the housing market due to economic and political turbulence, the mortgage market continues to grow.” He...

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House prices set to slip

Property, Economy, Brexit

House prices are expected to fall towards the end of the year, according to estimates from the Office for Budget Responsibility. It said that average prices will drop by 0.3% in the fourth quarter of 2019. Growth is expected to return in the second quarter of 2020, to 0.9%,...

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FCA warns Provident Financial bidder

Finance, Economy

Non-Standard Finance has been warned by the Financial Conduct Authority that its plans to shake up Provident Financial if it succeeds with its £1.3bn hostile bid must not result in customers being exploited for higher profits. The FCA said borrowers’ rights must be protected and lending rules cannot be...

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Avamore report reveals dip in development rates

Finance, Economy

The latest Avamore Capital Market Bulletin reveals interest rates for development finance fell to 0.72% per month in Q4 2018. The study expects rates to decrease further due to reduced LTCs and GDVs. Average LTCs and LTGDVs for Q4 2018 stood at 82% and 66% respectively. The study — which included responses...

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What are the main types of intellectual property?

Property, Economy

For entrepreneurs with a unique idea, understanding the different types of intellectual property is the first step in making money from it. David Walker, founder of Grid Law, provides a comprehensive overview of patents, registered designs, trademarks and copyright. Origins of intellectual property The oldest form of intellectual property rights...

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