GE shares slump as worsening supply chain
General Electric Co said that fresh pandemic-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and prompting a sell-off in its shares. While the Boston-based industrial conglomerate retained the outlook issued. It said that the current trends suggest […]
New Euro zone business loans plunge in April
New lending to euro zone companies plunged in April. And this indicates that banks are tightening access to credit even as the bloc starts to emerge from a year of lockdown. This is showed form the data from the European Central Bank. The economic activity started to pick up in April, after the third wave […]
SMB loan servicing by the BBLS services
Before the March 2021 got over, a million and a half small and medium sized businesses (SMB) had taken loans through the Bounce Back Loan Scheme (BBLS) which summed to an approximate of £46 million. This meant that 29 accredited BBLS lenders had thousands of new clients to provide service for with a sizable debt […]
Legacy systems and Ethical banking to go hand in hand
United Kingdom’s recent announcement of the road map, leading out of the lockdown days, has made a promise to deliver the land of normality. To disrupt this, the COVID-19 seems to be continuing to shake the mature economies in every corner of the world and still has not received the memo we suppose. Still, the […]
It’s time to take that extra step
Institutions and Businesses have faced a trial like no other in the last year and, only on rare or limited events, have they been given some kind of break. As a result, the new route for the easing of lockdown limitations will be most longed-for. Though, this must not silence businesses into a false sense […]
Construction sector to undergo major changes to support the well-being of the employees
A civil engineering company Mc Alpine, Sir Robert McAlpine recently funded a study of using the first person accounts top provide their employers with something more than stats, related on the subject of the flexible working model. The Forever Flex: Making Flexible Working Work beyond a Crisis report was based on a survey of 1,420 […]