More than a third of businesses in the West Midlands have reported suffering from cash flow problems in the first half of 2011, with 60 per cent citing late payments as the main cause, according to new research.This is slightly lower than the national average of 63 per cent of firms across the UK holding late payments culpable for lack of available capital to invest in growth strategies.The    .. more …

Lloyds Banking Group PLC (LON:LLOY) has appointed a new head for its commercial finance business unit.Ian Larkin has been appointed as the new managing director of Lloyds TSB Commercial Finance (LCF), the invoice and equipment finance arm of Lloyds Banking Group (LBG).Previously, he held the position of managing director at Lloyds Banking Group PLC (LON:LLOY)’s consumer banking and lending    .. more …

The Lloyds Banking Group announced a further 76 job cuts across its human resources, fraud, aircraft and ship finance divisions alongside other departments in London, Scotland, North East Yorkshire and Humber.The announcement follows chief executive Antonio Horta-Osorio’s statement in June that the company planned to scrap 15,000 jobs by next year – a total of more than 40,000 since Lloyds merged    .. more …