According to the Markit/CIPS Purchasing Managers Index (PMI) the activity in the UK’s manufacturing industry hit a two and a half year high in December 2016. A PMI figure of around 50 indicates expansion and the sector rose from 53.6 to 56.1 last month. The survey also found that the weakened[...]
Recent figures show that production in the manufacturing industry picked up by 0.8% in November, even though the sector experienced a major dip in October. This means that in total in Q4 the industry saw a 0.5% growth.
According to new research conducted by Amicus Commercial Finance, small and medium sized businesses (SMEs) wrote off an average amount of £11,708 worth of debt last year. The research found that 76% of SMEs wrote off debt during 2016, totalling almost £50 billion collectively, approximately £134[...]
Back in September, The Channel Partnership had our annual assessment from Investors in People. We are really pleased to have received our updated certification and report just before the festive season.
The Royal Bank of Scotland recently revealed that it spent close to £2bn in redress costs for the third quarter of 2016; however the bank managed to maintain an operating pre-tax profit of £255m.
According to a study by the governance institute Icsa, the majority of Britain’s large listed businesses are committed to staying in the UK in the aftermath of the Brexit result. Just one per cent of FTSE 350 firms are considering moving abroad following the vote, while 92 per cent said they were[...]
Things are beginning to look a lot like Christmas here at The Channel Partnership. This year, instead of sending Christmas cards to our customers and suppliers, we made the decision to donate £300 to The Magic Wand Foundation to help make a difference to people’s lives this festive season.
According to research from Hampshire Trust Bank, accountancy firms hold an average of over £1 million in business saving accounts, followed closely by IT and communication businesses, which have around £804,000 tucked away in savings.
Many British businesses have abandoned investment plans worth over £65 billion since the vote to leave the European Union. More than 1,000 companies completed a survey conducted by the Centre for Economic and Business Research. The results found that the uncertainty surrounding the UK’s future and[...]
The Royal Bank of Scotland has estimated it will be spending around £400m to refund SMES that were pushed into administration by its Global Restructuring Group (GRG) during 2008 and 2013. The bank will implement a new complaint reviews process with the agreement of the Financial Conduct Authority[...]
