UK businesses sitting on £600 billion in excess working capital

Business
UK businesses sitting on £600 billion in excess working capital. 20/06/2019. New research by Lloyds Bank has revealed that businesses could be sitting on £593bn in excess working capital, which could hamper growth and leave them exposed to economic uncertainty.
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Construction sector slumped in May

Business
Construction sector slumped in May. 05/06/2019. The construction sector slumped last month. Building activity in the UK dropped in May the third time in four months, according to IHS Markit’s latest survey. It represented the sharpest decline in construction output
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Boots to close 200 stores as High Street crisis continues.

Business
Boots to close 200 stores as High Street crisis continues. 03/06/2019. UK chemist chain Boots has announced plans for a review that could see more than 200 stores close over the next two years, as problems for high street businesses
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Banks reject 70% of small businesses

Business
Banks reject 70% of small businesses 3rd June 2019. A new report shows that Banks reject 70% of small businesses applications. A report from Smith & Williamson reveals that 70% of small businesses fail to secure finance at the first
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SME government loan values decline.

Business
SME government loan values decline. 03/06/2019. Worryingly, it has been reported that SME government loan values have declined. The value of bank loans being offered to small and medium-sized businesses through the government’s flagship small business lending scheme has dropped
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