#aldermore

UK second most attractive country for work worldwide (ADP in startups.co.uk)

According to a research study for the HR management firm, ADP, European employees consider the UK to be one of the most attractive countries for work, second only to Germany. The findings are based on polling 9,920 working adults across France, the UK, Germany, Italy, the Netherlands, Poland, France, Spain and Switzerland. More on this can be found in the startups.co.uk article below.

https://goo.gl/LmC0BU

The Office for National Statistics (ONS) has published its latest figures on UK consumer price inflation and UK producer price inflation (Office for National Statistics in BBC News)

The Office for National Statistics has published its statistical bulletin for UK consumer price inflation (which can be read here) and UK producer price inflation (which can be read here) in January. An analysis of the figures is featured in BBC News and can be found by clicking on the link below.

https://goo.gl/9uAN9L

Tech sector shakes off Brexit blues (Dice in smallbusiness.co.uk)

According to new research for Dice, featured at smallbusiness.co.uk, the UK tech sector is confident about its prospects in 2017 despite unprecedented levels of political and economic uncertainty.

https://goo.gl/wt7pwi 15% of Brit workers aiming to become self-employed (Aldermore in startups.co.uk)

According to new research from Aldermore, the findings of which are featured at startups.co.uk, 15% of the UK’s working population, equating to four million people, “have ambitions to become self-employed at some point in the future”.

New Post has been published on http://www.bimjournal.com/gmd-of-aldermores-thoughts-on-the-hopes-of-smes-17571/

GMD of Aldermore’s Thoughts on the Hopes of SMEs

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SMEs confident about their business performance in 2017 (Aldermore in smallbusiness.co.uk)

According to the latest Aldermore SME Future Attitudes report, the key findings of which are featured at smallbusiness.co.uk, UK SMEs “remain confident going into the festive period as they plan for the new year”. 

https://goo.gl/nXX3cY

Are these Britain’s fastest growing businesses? (Sunday Times in startups.co.uk)

Startups.co.uk have featured an article on the Sunday Times revealing its Virgin Fast Track 100 index, which “lists privately-owned companies that have achieved the highest sales growth over the last three years”. More on this can be found by clicking on the link below. 

https://goo.gl/RNPZSs

2016 saw over 7,000 Start Up Loans awarded to UK entrepreneurs (Start Up Loans Company in startups.co.uk)

According to the Start Up Loans Company’s latest internal data, featured at startups.co.uk, “it has issued 7365 loans to help aspiring UK entrepreneurs start a business” since the beginning of the year, with London scooping 23% of the loans. 

https://goo.gl/us6iF0

Small businesses feel ignored by political decision making (Sage in smallbusiness.co.uk)

New survey research from Sage, featured at smallbusiness.co.uk, has revealed the extent to which small businesses feel ignored by the decision making in their respective countries.

New Post has been published on http://www.newsfrombanks.com/aldermore-bank-shares-surge-by-12-on-london-debut.html

Aldermore bank shares surge by 12% on London debut

Aldermore made a rousing stock market debut on Tuesday, rising by 12% in a flotation that valued the challenger bank at around £650m.

The IPO raised £226m ($ 340m), meaning Aldermore’s private equity backers AnaCap net around £150m, while £75m goes to the bank founded by former Barclays executive Phillip Monks in 2009.

The bank, which lends to individuals and small- and medium-sized businesses, sold 117.9 million shares for 192p apiece, towards the top of the range used to canvass investor interest in the stock, according to a statement on Tuesday. Shares in the company had risen to 215.25p by 0851 GMT.

The bank has established itself as one of the more credible challengers to Britain’s “big five” – Lloyds, HSBC , Royal Bank of Scotland, Barclays and Santander UK – to emerge since the financial crisis.

It has been looking to take customers from established rivals that are slimming down.

The sale of shares offered investors exposure to Britain’s economic recovery through a bank untainted by the investigations into past misconduct that have hampered some of its larger rivals. About 35% of the company was sold in the IPO.

“The success of our IPO is testament to the strength of our story as a legacy-free bank focused on providing banking services to SMEs (small-and-medium-sized enterprises) and homeowners,” said Monks.

“It’s a natural next stepping stone for us to go to markets that have deeper and broader pools of capital. The company will after a while outgrow private equity and we were getting towards that stage,” he told Reuters.

Aldermore’s net lending grew by 42% to £4.8 billion last year and the bank said it expected a similar rate of growth in 2015.

Sources said the IPO had attracted a mixture of blue-chip, long-term investors from Britain and the United States, as well as hedge funds, and demand for the shares outstripped the amount for sale by five times.

The sale was priced towards the top of an initial price range that had been set between 175p and 195p per share. It valued the business at 1.5 times the value of its assets, far ahead of the industry average of 0.87 times.