HSBC, Lloyds Provide £600 Million Debt for Kee Safety Buyout
Both banks are anchor lenders for the transaction, and Lloyds' portion included cash from its joint-venture with Oaktree Capital Management, which was announced last year, according to people familiar with the matter who asked not to be identified because the deal is private.
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Yahoo
33 minutes ago
- Yahoo
'My grandad inspired my fashion brand for people with disabilities – now I'm moving into sportswear'
When Hanan Tantush saw how her grandfather was struggling to find clothes to wear during his cancer treatment, she knew she had to help. Now the Cheshire fashion brand she set up to make stylish clothes for people with disabilities has won a Manchester competition for entrepreneurs – and Hanan says she now wants to move into sportswear as she pitches for an even bigger prize. Her business Intotum won the £70,000 to win the Manchester first round of NatWest Pitch, a programme that gives small business owners a chance to compete for a share of £1m. The bank now wants more inspirational north west entrepreneurs to take part in the competition's next rounds. READ MORE: Police launch investigation after water in Cheshire canal suddenly 'disappears' READ MORE: Tragedy as man dies at Manchester Airport The first round of the contest for firms from around the UK was held at NatWest's Spinningfields Accelerator hub for small firms. After two hours of debate, Hanan was named the winner. Hanan says on her website that she started her business after her grandfather found it hard to find stylish clothes when he began wearing a stoma and urostomy bag during his third battle with cancer. She did not want her grandfather to feel self-conscious about his clothes and tried to find him adaptive clothing that worked with his disability – and she soon realised there was a gap in the market. So she founded Intotum in Neston in 2023 to 'bridge the gap between function and fashion'. After her Manchester win, Hanan said: 'I'm feeling very overwhelmed, it's not really hit me yet, but I'm honestly kind of lost for words that I've just won. 'We make comfortable, functional and fashionable clothing for the disabled community, so we take away the need to alter or put up your clothing by making ready to wear clothing that has all the functions and the comfort that you would need every day. 'We're going to be using the money from NatWest for our next collection and for a really exciting sportswear project because we're trying to create a new class of adaptive sports clothing.' Two other businesses won funding at the Manchester event. Jas Schembri-Stothart of teenagers' healthcare app Luna Life, received £20,000 – while Alex Somervell, creator of scams protection tool Ask Silver, won £10,000. NatWest has launched the £1m Pitch competition to mark the 10th anniversary of NatWest's Accelerator programme, which has supported 10,000 entrepreneurs across the UK since 2015. Anyone who wants to enter needs to submit a 60-second video pitch explaining how winning a share of the £1m pot would help them grow their business. The people behind the best pitches will be chosen to take part in future live events in London or Birmingham – where they will give a 10 minute 'Dragons' Den'-style pitch in front of a panel of judges. The competition is open to any business anywhere in the UK. NatWest hopes to host more events in Bristol, Scotland and Northern Ireland next year. After the Manchester event, Darren Pirie, head of the NatWest Accelerator, said: 'Congratulations to all of the finalists and the winners from this inaugural round – the quality of the entrants and the standard of the businesses made this opening event a real challenge for the judges. Given Manchester and the north's long history as a leader in entrepreneurship and innovation it felt like the right place to begin this celebration. 'As Britain's biggest bank for start-ups, we believe that supporting small business growth is key to a strong economy which is why we are thrilled to launch NatWest Pitch to do just that. 'As we mark 10 years of the NatWest Accelerator, this competition is a fantastic opportunity for entrepreneurs to showcase their ideas, telling us about their successes and milestones to date and how they'll use the funding to grow to the next level. My advice is that if you are interested in future applications, don't be modest – tell us what makes your business special.'
Yahoo
an hour ago
- Yahoo
COLUMN: New ideas needed to make Cowes Week more relevant
Two weeks ago, Cowes was packed with people of all nationalities crowding into the restaurants and pubs, the bars and the sailing clubs. Next morning, the Solent was crowded with vessels of many sizes as the Centenary Rolex Fastnet Race started. This week, the clubs and bars have been busy again with Cowes Week – the 199th Regatta. Entries are slightly down this year. As the Fastnet Race ends in Cherbourg, many boats are not back yet from the continent. The expense of Cowes Week to the crews is also a factor in play, and perhaps as we approach the bicentenary of the Regatta, it's time for a rethink. To make the event as relevant and fun as we can for the next 100 years. Factors militating against the current format are not only the expense (renting a house for the crew in Cowes now costs thousands for the week), but also the time requirement. Cowes Week really harks back to an age when there were fewer leisure opportunities, much less availability of foreign holidays, and people being in more secure employment. Covid kick-started the introduction of remote working for many office jobs. It's noticeable how much less busy the mainland ferries are with commuters on Mondays and Fridays, as employees now take those days to work from home. So instead of taking a whole week out of your leave allowance, it seems you can now work part of a week with a couple of good excuses. If we had a four-day regatta for the Black Group (bigger boats) starting on Saturday, participants could "work from home" on Monday and take one day off on Tuesday. Then if we have a four-day White Group (small boats) regatta starting on Thursday, their sailors too can take one day paid leave, "work from home" on Friday, and sail over the weekend. The smaller boats are largely local so don't need Sunday to relocate to home ports. This would have two big advantages – a free day on Wednesday to spend in the town, boosting the local economy, and greater availability of younger sailors who can fit the event into their modern working practices. Think what fun we could have in Cowes on Wednesday – a great day for aerial displays and so on. A parade of sail would also be great for spectators. The other factor would be the reduction in costs for participants. Instead of paying the very expensive rate for a week (around £1,000 for most Black Group boats), a four-day regatta is going to come in at a rate competitive with Dartmouth and other events. When you consider that boats competing in Cowes Week usually divide the costs between the crew, reducing the costs of racing, food, and accommodation is going to be a big factor in the number of entries. We forget this at our peril. Like most things in life, times change. Habits and expectations change, and generally, if providers of events don't change with them, the event dies out as participation declines. So maybe it is time for a rethink in Cowes.
Yahoo
3 hours ago
- Yahoo
Nine MPs in Birmingham and Black Country make money renting out homes - is yours one of them
Smethwick's Labour MP Gurinder Singh Josan is the second biggest housing landlord in Parliament, co-owning eight homes in Birmingham and Sandwell that are rented out. The MP co-owns three of the properties with relatives and is a co-owner in five others, with each of the homes bringing in rental income of at least £10,000 a year. Birmingham Perry Barr Independent MP Ayoub Khan co-owns three properties in Birmingham. READ MORE: Homelessness minister Rushanara Ali resigns after 'ejecting tenants and hiking rent' Light has been shone on the housing interests of sitting MPs following the resignation of Labour's homelessness minister Rushnara Ali after she was found to have evicted tenants from her London property, and then later re-listed the property with a higher rent. Campaigners have said it undermines the government's credibility in its efforts to reform the rental sector. In Birmingham and the Black Country, there is desperate concern particularly about the rocketing number of HMOs and exempt properties, with thousands of former family homes converted into units housing six or more individuals so landlords can max out their rental income. Thousands of children are currently living in B&Bs and temporary housing because of a shortage of family homes, while thousands more families are on council waiting lists because they can't meet private rents. Josan, elected last year, has a housing portfolio equal to former chancellor Jeremy Hunt, Cons. They both boast eight rental properties. Only one MP, Jas Athwal, MP for Ilford South, has more - he rents out 15 residential and three commercial properties in London. Of all Westminster MPs, one in eight declared a rental income from property in the last year, according to a recent Guardian analysis. The official register of interests, which shows any additional earnings and interests held by MPs, reveals that Josan owns five properties in Sandwell and Birmingham, and also co-owns with relatives another three properties in Sandwell. We have reached out to Josan to ask him if any of the properties are either HMOs or are leased as exempt supported accommodation - we had not received a response at the time of publication. But we can also reveal that several other MPs in Birmingham and the Black Country are in the private rentals business. Tahir Ali, Labour MP for Hall Green and Moseley, owns a rental property that he declares makes a rental income of more than £10,000 a year. It is a single property in Birmingham, according to the register. Saqib Bhatti, Conservative MP for Meriden and Solihull East, declares ownership of a property in Walsall that he has a 25% share in, and a second property in Walsall. Al Carns, Labour MP for Birmingham Selly Oak, declares a property in Aberdeen that he co-owns with his spouse that generates rental income to him. Sarah Coombes, Labour MP for West Bromwich, declares a flat she rents out in London. Warinder Juss, Labour MP for Wolverhampton West, declares owning two rental properties - a flat and a house - in Wolverhampton. Ayoub Khan, Independent MP for Birmingham Perry Barr, declares his co-ownership of three properties, all in Birmingham. He says one is co-owned by him and his company; and two others are 'co-owned with a family member'. Sonia Kumar, Labour MP for Dudley, also declares a single property, in Birmingham, that she rents out. Wendy Morton, Conservative MP for Aldridge-Brownhills, does not own rental housing but does declare receiving rental income from small industrial units on a business park in North Yorkshire owned by a company DM Electronics.
