The Artesian Blog takes a look at the business headlines:
Alistair Darling to press back chiefs on lending as RBS starts ad campaign - Royal Bank of Scotland will this week launch an advertising campaign aimed at small business customers, as the Government presses all banks to beef up their lending.
RBS, which is 70pc owned by the taxpayer, says the newspaper campaign is designed to stimulate demand from small and medium sized businesses for loans. (full story)
Boom times for designer outlet villages - Sales at discount designer outlet villages are booming as Britain’s middle classes look for bargains and Russian and Arab tourists swap Bond Street for mall outlets in the country.
While sales elsewhere in the UK stagnate, gross sales at Bicester Village, the designer outlet centre near Oxford, are up 40 per cent on the same time last year, with like-for-like sales, which strip out new stores, up by 25 per cent. (full story)
Hotel firm gets £60m for growth - Hotel group Jury Inn has secured £60m in funding to support a further expansion of the business.
The firm, which has 23 hotels in the UK, is getting £15m each from major shareholders, Oman Investment Fund and property group Quinlan Private. (full story)
House prices seen steady in July - House prices in England and Wales were flat for a third consecutive month in July, causing the year-on-year decline to slow to 7.7 percent from 8.7 percent, property data company Hometrack said on Monday.
But a broad-based recovery in house prices was still a long way off, with rising unemployment and a shortage of mortgage finance standing in the way, Hometrack said in its report. (full story)
ITV set to offload Friends Reunited at £160m loss - Internet entrepreneur Peter Dubens has emerged as a potential bidder for Friends Reunited, offering to end ITV's disastrous experiment with online social networking at a massive 90% discount to what the broadcaster paid for the website four years ago.
ITV put Friends Reunited up for sale in February as the drop in online advertising revenues forced the company to dramatically writedown the value of a business that had cost it £175m. (full story)
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