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SMEs positive on Q4 conditions

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Research by Hitachi Capital Business Finance has found that 73% of SMEs believe that conditions will either improve or stay the same during Q4, an increase of three percentage points on the previous survey. The poll saw 27% of smaller firms say they foresee growth in the period, up...

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Pandemic to hit retail property values

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A Duff & Phelps poll of investors suggests retail property values are expected to fall up to 40% over the next year due to the coronavirus crisis. The survey saw 37% of investors say they expect retail to suffer the worst long-term damage, while 36% flagged hotels as the...

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Retail sales up in September

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The British Retail Consortium-KPMG sales monitor shows that retail sales rose last month as shoppers started their Christmas shopping, with the biggest monthly sales rise in a decade. Overall retail sales rose 5.6% in September, compared to the same month last year, with online sales seeing 36.7% growth. The...

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A third of small firms don’t expect to survive

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Research by law firm Fladgate shows that 35% of small and medium-sized enterprises (SMEs) fear that they will not be operating beyond a year. One in five SMEs said their business is already in “distress” while 64% report they are just about surviving on current support measures. Jeremy Whiteson...

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Economy likely to have grown 5% in August

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Figures released later this week are expected to show that the economy grew 5% in August. This would mark a decline on the 6.6% month-on-month rise recorded in July and the 8.7% increase seen in June. Howard Archer, chief economic adviser to the EY Item Club, said that if...

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FCA concerned over emergency lending schemes

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The Financial Conduct Authority (FCA) has expressed concerns about the potential harm faced by borrowers of government support schemes, with high rates of arrears predicted. The regulator said that forecasts of likely rates of arrears are uncertain but range from around 25% to 40%, according to the Office for...

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Mortgage approvals hit 13-year high

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UK monthly mortgage approvals hit a near 13-year high in August, supported by the release of pent-up demand as consumers resumed spending and the Government’s stamp duty holiday. Home loan approvals for August reached 84,700, the highest rate of approvals since October 2007, according to the new data from...

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