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Credit Union Smart Money Cymru reports surge in lending and membership
A South Wales credit union has experienced a significant rise in its lending activities and saving deposits. For the 12 months to the end of March this year, Smart Money Cymru Community Bank, which has offices in Caerphilly, Blackwood and Tredegar, saw a near 50% rise in loans, from £2.59m to £3.84m. Its saving deposits …
Business
Business Live
ADVERTORIAL: Leus Family Foundation focuses on pandemic recovery for children
As the UK moves into a different phase of the pandemic, one charity is reflecting on its priorities as it continues its work to support the most vulnerable children. The Leus Family Foundation has identified recovery for children from the strains and isolation of the pandemic as a key focus for its work in 2022 …
Business
Business Live
Cranswick gears up to play vital role in cost of living crisis
Cranswick is gearing up to play a key role in feeding the nation as consumers tighten their belts amid a cost of living crisis. Chief executive Adam Couch told how the £2 billion turnover business is well placed to serve demand for chicken and pork – seen as real value family protein providers – as …
Business
Sky News
Economy ‘almost grinding to a halt’ as private sector growth stalls
UK private sector growth is the weakest it has been since last year’s winter lockdown, as the cost of living crisis hits consumer demand.The closely-watched S&P Global / CIPS Flash UK Purchasing Managers Index (PMI) hit 51.8 in May – a 15-month low and down from 58.2 in April. Anything above 50 is considered growth.Cheapest …
Business
Sky News
BA owner faces pay revolt over ‘excessive’ share award plan
British Airways’ (BA) parent company is facing a shareholder pay revolt amid criticism of proposals for an “excessive” hike in executives’ share awards despite racking up enormous losses during the pandemic.Sky News has learnt that International Airlines Group (IAG) is braced for a substantial rebellion at its annual meeting next month after Glass Lewis, one …
Business
Sky News
Terra Firma tycoon Hands has eye on £600m Butlin’s swoop
Guy Hands, one of Britain’s most prominent financiers, is plotting a £600m swoop on Butlin’s, the chain of holiday camps.Sky News has learnt that Mr Hands’ Terra Firma Capital Partners is among the handful of bidders competing to buy Butlin’s from Bourne Leisure. Terra Firma, which has been largely recast as the Hands family’s private …
Business
Sky News
As the cost of living soars, here are seven apps which may help you save money
The cost of living crisis is causing “anxiety and uncertainty” for millions – but apps to help “feel a bit more in control” amid soaring prices can save you money, a consumer expert has told Sky News.Inflation reached 9% in April – its highest level in 40 years, further pushing up the cost of food …
Business
Sky News
Bank of England chief hits back at criticism it has ‘stoked’ cost of living crisis
The governor of the Bank of England has hit back at criticism that its decisions have contributed to the highest inflation in 40 years.Andrew Bailey said he “rejected” the argument made by a predecessor, in an interview with Sky News, that the Bank of England and other central banks including the Federal Reserve and European …
Business
Evening Standard
Interest payments on government borrowing to hit £100 billion City warns
Tomorrow sees the Office for National Statistics release the latest government borrowing figures. The City expectation is that the Treasury borrowed £20 billion in April to make ends meet, higher than offical forecasts.That will take total government borrowing to £2.3 trillion.The interest payments on the stock of government debt will be about £7.5 billion, which …
Business
Evening Standard
Superdrug cooks up cost of living campaign with Jack Monroe
High Street retailer Superdrug has partnered with cook and poverty campaigner Jack Monroe to help customers deal with the cost of living crisis.The shop smart campaign will help customers understand how to keep costs down when using beauty and personal care products, as hygiene poverty spikes across the UK.Monroe said: “There’s been a lot of discussion …
Business
Sky News
Starbucks pulls out of Russia while McDonald’s removes golden arches as exit gathers pace
Starbucks has confirmed it has decided to exit Russia, 12 weeks after the coffee shop chain revealed it had closed all its stores in the country in response to the backlash over the war in Ukraine.The company said on Monday that it would wind down its operation in the country – ending 15 years of …
Business
Evening Standard
Banks Behaving Badly should have a new twist
In the public mind, banks are predators, noting every of our occasional failures as reasons to stop giving us money, to seize our houses and send us to the poor house.The banks can hardly be surprised that is how they are viewed, owing to past evidence of their behaviour.They are getting better though.An upside to …

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