UK mortgage approvals hit five-and-a-half year high in August
Markets open in 32 mins. Stock Watch Five of the UK’s Most Successful CEOs Revealed as Leader of the Year Finalists Press Release: National Business Awards 2 hours 50 minutes ago LONDON, September 30, 2013 /PRNewswire/ — * Vote for your favourite at * * Winner to be revealed at the gala dinner and award ceremony on 12 November 2013 * Five of the UK’s business leaders have been nominated and shortlisted for the Leader of the Year Award at this year’s National Business Awards. Phil Couchman, CEO of DHL Express, Richard Cousins, CEO of Compass Group, Harriet Green, CEO of Thomas Cook, Valerie Soranno Keating, CEO of Barclaycard and Mike Tobin, CEO of TelecityGroup are all in the running to take home the prestigious award. (Photo: ) The winner will be chosen by a combination of a public vote and a peer ballot of around 40 CEOs and business thought leaders. These judges include well-known industry names such as: Kanya King, CEO of the MOBO Organisation, Anthony Salz, Executive Vice-Chairman, NM Rothschild, Baroness Virginia Bottomley of Nettlestone, and Joe Lynam, the BBC’s Business Economics Correspondent. They will meet on 31 October to view video interviews of each candidate and vote for their favourite. Members of the public can vote by visiting and choosing their preferred candidate online. The winner will be revealed on 12 November at the Award ceremony at the Grosvenor House Hotel, Park Lane. The Leader of the Year Award recognises the personal imprint of the UK’s most high profile leaders on the culture and success of their organisations and the industries they operate in. Judges look at how these leaders have demonstrated the best balance between traditional board values and the new business environment – achieving measured and sustainable growth or driving improved performance. When considering the finalists’ achievements judges consider aspects including robust strategies, staff engagement, financial performance, customer insight and collaboration. Alex Evans, Programme Director of the National Business Awards, said: “Reflecting the diversity of organisations recognised by the National Business Awards each year, these finalists are champions of their respective industries – transforming culture and performance against a challenging economic backdrop.
GovDelivery’s David Worsell Elected to Influential UK Trade Body Public Sector Council
Markets open in 32 mins. Stock Watch GovDelivery’s David Worsell Elected to Influential UK Trade Body Public Sector Council UK Tech Expert Joins Intellect Public Sector Council to Work With Government on IT Issues Press Release: GovDelivery 3 hours ago ICGE 14.10 LONDON, Sept. 30, 2013 (GLOBE NEWSWIRE) — GovDelivery, a leader in cloud-based public sector communication solutions, announced today that Director of Government Solutions for GovDelivery Europe, David Worsell, has been elected to join the Intellect Public Sector Council (PSC). The PSC is an industry leadership forum focused on working with the UK Government to harness technology to deliver better public services. Senior representatives from both large and small companies comprise this forum for the technology industry to engage strategically with Government on cross-cutting issues. David manages the European division of the world’s leading provider of government-to-citizen communication solutions. He has helped guide GovDelivery’s rapid growth in the UK, which now serves more than 60 local and central government organisations, including GOV.UK, HMRC, DoH and many local authorities. With over 2.5 million UK citizen subscribers, GovDelivery is the largest dedicated public sector digital communications platform in the UK. Unique collaboration across these public sector clients enables them to dramatically increase their outreach and achieve channel shift goals. “We are delighted to have David Worsell onboard. This is an important time for the UK technology industry, and we are looking forward to working with GovDelivery and members of the PSC to help to unlock the potential of technology to transform public services,” stated Naureen Kahn, Head of Public Sector Programme — Intellect UK.
Monthly mortgage approvals could reach around 70,000-75,000 by the end of the year, he said. That compares with a monthly average of around 90,000 before the 2008 financial crisis. Aiming to help people unable to put up a sufficient mortgage deposit, the government will provide 12 billion pounds in guarantees to encourage lenders to extend mortgages of up to 95 percent of the value of properties being bought. Cameron said state-backed banks Lloyds and Royal Bank of Scotland would take part in the programme. Britain’s other major banks have said they are considering whether to join. Last week, Chancellor George Osborne asked Britain’s central bank to play a bigger role in making sure that Help to Buy does not fuel a new property boom. The Bank has so far said that it does not see signs of a bubble in the housing market because activity remains below its levels before the 2008-09 recession. While consumer spending is driving Britain’s economic growth, business lending remains weak. It fell by 3.76 billion pounds in August, the largest fall since December last year, despite the authorities’ year-old Funding for Lending Scheme, which aims to channel more credit to companies. However, the outlook for corporate lending is brighter, economists say, noting a recent turnaround in the economy. A survey by professional services firm Deloitte found that big companies in Britain rank expansion as their top priority for the first time in 18 months and plan to up investment. Interest rates on new business loans edged up in August, the BoE data showed.