The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019.
Jun 05, 2024
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019.
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Paragon Banking Group’s SME lending business increased new lending during the first half of its financial year, the company announced today.
Paragon reported the SME lending business delivered new lending of £230.2 million for the six months to 31 March 2024, a 4.6% increase on the same period last year.
Overall, Paragon Banking Group recorded a 13.5% increase in underlying profits to £146.3 million for the first six months.
Jun 05, 2024
Paragon Banking Group’s SME lending business increased new lending during the first half of its financial year, the company announced today.
Paragon reported the SME lending business delivered new lending of £230.2 million for the six months to 31 March 2024, a 4.6% increase on the same period last year.
Overall, Paragon Banking Group recorded a 13.5% increase in underlying profits to £146.3 million for the first six months.
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Asset Finance Connect (AFC) is pleased to announce Aldermore as its newest corporate member.
“We are delighted that Aldermore has joined Asset Finance Connect as a corporate member,” said Edward Peck, CEO of AFC. “This network of professionals will support the growth of the asset finance industry by participating in our in-person and digital events, sharing industry insights with colleagues and peers, and making valuable forward-thinking contributions to the sector.”
Jun 04, 2024
Asset Finance Connect (AFC) is pleased to announce Aldermore as its newest corporate member.
“We are delighted that Aldermore has joined Asset Finance Connect as a corporate member,” said Edward Peck, CEO of AFC. “This network of professionals will support the growth of the asset finance industry by participating in our in-person and digital events, sharing industry insights with colleagues and peers, and making valuable forward-thinking contributions to the sector.”
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SMEs are still reporting significant challenges when accessing and receiving funding support, according to new research from Shawbrook.
Of those SMEs that had applied for funding over the last 12 months, nearly half (46%) said that it had not met their specific needs, with 45% saying they found the funding process confusing, long winded (28%) and lacked flexibility (20%).
Jun 03, 2024
SMEs are still reporting significant challenges when accessing and receiving funding support, according to new research from Shawbrook.
Of those SMEs that had applied for funding over the last 12 months, nearly half (46%) said that it had not met their specific needs, with 45% saying they found the funding process confusing, long winded (28%) and lacked flexibility (20%).
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The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9th, a source familiar with the matter told Reuters on Wednesday.
The provisional tariffs, which were expected to be announced by June 5th, would be a sticker shock representing billions of dollars in new costs for Chinese electric car makers.
May 30, 2024
The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9th, a source familiar with the matter told Reuters on Wednesday.
The provisional tariffs, which were expected to be announced by June 5th, would be a sticker shock representing billions of dollars in new costs for Chinese electric car makers.
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Stellantis has announced changes to its leadership team, effective from June 1st.
Luca Napolitano will be appointed Chief Sales & Marketing Officer at Stellantis, in addition to his current responsibility as Lancia brand CEO. Napolitano will replace Thierry Koskas who will now focus on the expansion of the Citroën brand.
May 30, 2024
Stellantis has announced changes to its leadership team, effective from June 1st.
Luca Napolitano will be appointed Chief Sales & Marketing Officer at Stellantis, in addition to his current responsibility as Lancia brand CEO. Napolitano will replace Thierry Koskas who will now focus on the expansion of the Citroën brand.
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