Cooking oil supplier KTC Edibles has secured £40M in funding from Lloyds Bank commercial banking, which it plans to use to accelerate its growth, including in overseas markets.
Small and medium-sized firms’ (SMEs’) access to funding must be improved, insists engineering employers’ organisation EFF, after its survey revealed businesses were relying on their own resources to finance growth.
Britain’s third largest supermarket Sainsbury has taken full control of Sainsbury’s Bank, after acquiring the remaining 50% shareholding from Lloyds Banking Group for £248M.
British banks’ failure to understand the food manufacturing sector is choking industry innovation, warned speakers at a conference in London this week.
Struggling Premier Foods’ recent covenants deferral deal significantly reduces the probability that the firm will enter liquidation, according to investment and banking firm Investec.
