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Profit warning spike among listed Midlands companies
West Midlands
The latest EY-Parthenon Profit Warnings report said Midlands companies within the FTSE consumer discretionary sectors issued the highest number of profit warnings in quarter four, totalling nine
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º£½ÇÊÓƵ's biggest investment fund dethroned after 5 years at the top
By City AM
Fundsmith Equity, the º£½ÇÊÓƵ's biggest fund, has been dethroned after five years at the top
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Natwest share price touches 10-year high ahead of annual results on Friday
By City AM
The lender hit its highest share price since 2015 last month, and continued to rally ahead of its results
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Bank of England rate-setter advocates for decisive rate cuts amidst economic challenges
By City AM
Catherine Mann, a rate-setter at the Bank of England, argued that monetary policy needs to "cut through the noise" as she explained her decision to back a 50bps rate cut last week.
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Timber and fencing firm rebrands as owner marks 80 years in business
South West
The company says it is 'business as normal' and that 'nothing has changed' apart from its name
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New bank NW Mutual plans 60 branches as it wins key council backing: full list of proposed locations
North West
Bank has secures funding from Preston City Council
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Gusbourne shares crash more than 34% after wine maker considers London delisting
By City AM
Shares in the English winemaker plummeted by more than 34% this morning after it said it would consider delisting from London's junior stock market, AIM
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People on the move: key North East appointments and promotions
Appointments
Companies welcoming new starters this week include Clive Owen LLP, Avison Young, Bradley Hall, Bellway Homes, Insulcon Technical and YourFilm
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Lloyds Banking Group places thousands of jobs in tech division under review
By City AM
The FTSE 100 bank told some 6,000 tech and engineering staff on Wednesday that their jobs may be at risk of redundancy as it overhauls the structure of the business and creates new roles designed to accelerate technology development, City AM understands
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Ashmore stock rises as outflows continue but asset manager beats expectations
By City AM
The emerging markets specialist has been hit by more outflows, but this has been offset by a stronger-than-expected performance as its stock price rose 1.6 per cent.
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Legal & General shares soar as º£½ÇÊÓƵ insurer sells US life business for £1.8bn
By City AM
Shares in Legal & General soared after the firm announced the sale of its US insurance business to Japanese firm Meiji Yasuda for £1.8bn
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JP Morgan Global Growth & Income trust set to acquire Janus Henderson's smaller fund
By City AM
The £3.1bn JP Morgan Global Growth & Income trust has launched a takeover of the £329m Henderson International Income trust, the two funds announced in a stock exchange notice today
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Cost-cutting pays dividends for TSB as bank reports record year
By City AM
TSB's pretax profit increased to £290.4m, 22 per cent higher than the year before and a record since the bank returned to the high street in 2013
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Law firm Hugh James reports best ever year for merger and acquisition deals
Deals
It advised on deals in 2024 with a combined value of nearly £650m
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Law firm expands with new city centre office
West Midlands
RLK Solicitors has added a base in Birmingham's Colmore Row to its team in Edgbaston district
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Interest rates cut – what does it mean for the North West? 
Barclays
MPC voted for a quarter-point reduction to 4.5%
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Historic Leeds accountancy firm Thomas Coombs expands across Yorkshire
Legal
The 146-year-old firm is opening bases in Hull, York and Sheffield
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Banking giant Santander reports record profit, plans massive shareholder returns
By City AM
The banking giant reported a slight increase in its cost base—operating expenses expanded by two per cent for the year.
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Profit warnings rise in the North West as rising costs and global uncertainty combine with contract cancellations
North West
EY-Parthenon study shows industrial firms particulary affected
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HSBC stock price falls following Deutsche Bank downgrade and restructuring plans
By City AM
HSBC's stock price has fallen this morning after the FTSE 100 lender was downgraded to a Hold rating by analysts at Deutsche Bank
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Royal Mint says gold bullion sales at record high as investors flock to safe haven
By City AM
Gold bullion sales are soaring as investors seek to protect themselves against political and economic turmoil - and from capital gains tax too
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Bank of England set to cut interest rates as º£½ÇÊÓƵ economy stumbles
By City AM
The Bank of England is expected to cut interest rates this week as the º£½ÇÊÓƵ economy continues to struggle, although the bank is likely to signal a cautious approach to the outlook
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Law firm Hill Dickinson starts work on top floor office space at Gary Neville’s St Michael’s scheme
Offices
'Inspirational' office at flagship development will open later this year
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Newcastle's Ryder Architecture hails strong performance in challenging times
property news
Ryder is leading the design team on the regeneration of East Pilgrim Street, amongst many other projects around the globe
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By City AMFuture of º£½ÇÊÓƵ banking: Which specialist lenders are likely takeover targets?The º£½ÇÊÓƵ banking sector has seen a flurry of mergers and acquisitions in recent years, with the latest a landmark deal between Santander and TSB Bank
By City AMBank of England rate cut 'almost certain' after poor economic growthThe Bank of England is "almost certain" to cut interest rates next month after the economy slumped for a second month in a row, according to economists.
Future of º£½ÇÊÓƵ banking: Which specialist lenders are likely takeover targets?
By City AM
The º£½ÇÊÓƵ banking sector has seen a flurry of mergers and acquisitions in recent years, with the latest a landmark deal between Santander and TSB Bank
Call for new º£½ÇÊÓƵ 'investment hub' to prevent financial services from losing global position
By City AM
A new report warns that the º£½ÇÊÓƵ risks losing its status as a leading financial centre unless it acts quickly to modernise and streamline investment services
Jupiter snaps up º£½ÇÊÓƵ's largest investment manager for non-profits in £100m swoop
By City AM
The FTSE 250 fund manager said the deal to buy CCLA will deliver at least £16m in annual recurring cost savings as it seeks to streamline support functions and incorporate CCLA's technology to reduce duplication in systems.
Close Brothers announces strategic shift in lending, prioritising commercial insurance over personal lines
By City AM
The lender said it would start to focus on insurance products designed for businesses, which the firm said offered better risk-adjusted returns and long-term growth potential
HousingHousebuilders agree record £100m payments after competition probeBarratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry have been investigated over allegations of sharing information
Future of º£½ÇÊÓƵ banking: Which specialist lenders are likely takeover targets?
By City AM
The º£½ÇÊÓƵ banking sector has seen a flurry of mergers and acquisitions in recent years, with the latest a landmark deal between Santander and TSB Bank
Demolition firm Thompsons of Prudhoe acquired by Yorkshire firm Ashcourt Group
Deals
The historic firm dates back to the 1940s and has been run by the family of its founders until now
Hovis losses widen amid ongoing merger talks with Kingsmill owner
By City AM
Bakery group Hovis, which is backed by private equity firm Endless, saw its pre-tax losses increase from £3.6m to £4.7m in the year to 28 September, 2024, new accounts show
By City AMChancellor Rachel Reeves cautioned against more tax hikes as economy contractsExperts have warned the government could be facing a £30bn blackhole in the public finances, with the Office for National Statistics (ONS) revealing the º£½ÇÊÓƵ economy contracted by 0.1% in May
Greenergy to close Immingham biodiesel plant with 60 jobs at risk
Enterprise
The firm has announced plans to close its base at West Riverside, Immingham, which it started production at 18 years ago, with the loss of 60 jobs
Call for SME 'champions' to support Invictus Games 2027
West Midlands
New business initiative launched which it is hoped will raise vital funds to help host the sporting spectacle at the NEC
£2m sale deal for Sutton Coldfield property
West Midlands
Home to wine warehouse and dental surgery has been snapped up by private investor
Humber Estuary could be new home to 'floating power barge' and small nuclear reactor
Energy
The Humber Estuary could be home to the º£½ÇÊÓƵ's first small nuclear reactor, following an agreement signed by an international consortium.