Read the latest Santander news articles and press releases that are relevant to your business sector.

As well as coping with the impacts of the coronavirus crisis, the UK’s chemical businesses are also having to plan ahead for arrangements once the transition agreement comes to an end following the UK’s departure from the European Union (EU) in January.

Increased collaboration makes sense in an era of tough cost pressure and it’s an idea that original equipment manufacturers (OEMs) have begun to embrace.

While the vast majority of manufacturers have survived the coronavirus crisis so far, it’s likely we’ll see increased level of stress during the final months of the year – and accelerated mergers and acquisitions (M&A) activity lasting into the first half of 2020.

On 16 September, Santander’s specialists were joined by Retail Economics CEO, Richard Lim, in a webinar to discuss how to manage currency risk in the run-up to the end of the year. This article considers some of the issues that were discussed.

While Society of Motor Manufacturers and Traders (SMMT) figures showed that new car registrations rose by more than 11% in July, more recent statistics show that the UK’s used car market declined by almost half in the second quarter of the year, with only 1m units changing hands.

Aerospace manufacturing declined by 26% in the second quarter of 2020, the largest slump on record.


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