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Professional Services
Nationwide income jumps to £6.4bn as credit card division expands
Nationwide
The Swindon-based mutual's income was driven by a surge in consumer lending
Bookmark
New ‘challenger’ legal arm launched by Dow Schofield Watts
Law
James Mallender to lead new division formed after DSW's deal for DR Solicitors
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People on the move: key North East appointments and promotions
Appointments
Companies making announcements this week include Tilly Bailey & Irvine LLP, hedgehog lab, Sage, Swinburne Maddison, CMP Products and Azets
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Strong student recruitment at Cardiff office of Hazlewoods
Cardiff Capital Region
The accountancy opened its first office in Wales in 2024
Bookmark
The latest equity investment and acquisition deals in Welsh business
Deals
Firms freature include K3 Metrology, Mariposa, Elmatic, Alesi Surgical, Creo Medical and 1st Choice Accident Repair Centre.
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Fund manager Terry Smith sells entire Unilever stake after McCormick mega-merger
Food and Drink
Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, makes big move following controversial merger
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Blake Morgan appoints first ever co-heads of its Wales office
Professional Services
Partners Daniela Smith and Lee Fisher will share the role having succeeded Eve Piffaretti
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Northern Powerhouse Investment Fund II marks £275m milestone as it celebrates two years
Finance
400 businesses backed by fund designed to support firms that might otherwise struggle to secure investment
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Newcastle recruiter Blair West secures funding as co-founder makes partial exit
SMEs
Frontier Development Capital has backed the firm which has previously been supported by Northstar Ventures
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Norton Rose Fulbright's Newcastle office boosts headcount in 10th year
Law
The Quayside base began as the global law firm's innovation and technology hub
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Aviva shareholder meeting in York targeted by protesters
Finance
Campaign group Boycott Bloody Insurance said it was behind the stunt
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Law firm closes suddenly after falling into administration
Insolvency and Administration
West Country practice BLB Solicitors has ceased trading and all its staff have been made redundant
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New managing partner at law firm SAS Daniels promises ‘next chapter of growth and innovation across the North West’
Law
Justine Clowes succeeds Jeremy Orrell at practice with four regional offices
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Law firm Hugh James expands its presence in London with acquisition of Howat Avraam
Deals
The addition of Howat Avraam adds depth to Hugh James’ disputes and corporate capabilities
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Wendy Hopkins Family Law Practice marks 30 years as it continues to expand
Legal
The Cardiff-based family law firm was established in 1996 with co-founder Mel Hamer with an appetite for sustained growth
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People on the move: key North East appointments and promotions of the week
Appointments
Companies announcing new appointments include Northern Powergrid, Richard Reed Solicitors, RMT Accountants & Business Advisor, CMP Products, RWO and Robson Laidler Wealth
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Admiral boss attributes FTSE giant’s staff retention to share awards scheme
Wales
FTSE 100 insurance giant CEO Milena Mondini de Focatiis tells CiytAM senior reporter Maria Ward-Brennan that Admiral's share performance scheme has significantly contributed to staff retention.
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More North East firms on the brink as critical business distress leaps by nearly 60%
Finance
Two reports have been issued - by Red Flag Alert and R3 - reflecting challenging times for regional businesses
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Lloyds Banking Group profits soar as bank raises income forecast above £14.9bn
Lloyds
Bank set aside £101m in provisions linked to the Middle East conflict
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Fletchers deal for North East firm EMG Solicitors to create one of Britain’s biggest Court of Protection specialists
Law
PE-backed legal group also acquires Kent's JE Bennett Law
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FCA car finance mis-selling scheme moves ahead after industry body drops legal challenge
Motoring
The Finance and Leasing Association said it had 'concerns' about the FCA's £9.1bn motor finance compensation scheme but would not challenge it
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AJ Bell net inflows surge 42% to £2.7bn as customer numbers hit record high
Finance
Gross inflows also rose 40 per cent to £5.6bn from £4bn, with the FTSE 250 investment platform crediting the growth to a wave of new customers
Bookmark
GC Angels supports £1.87m of investment across four firms from wellness brands to tech platforms
Deals
Two investments through Venture Forward accelerator that backs 'exceptional underrepresented founders'
Bookmark
Manchester e-commerce agencies merge to form Social Paradigm Group
Organisations
Leading Manchester digital marketing agencies Paradigm Media and Social Nucleus have merged to create Social Paradigm Group, a major º£½ÇÊÓƵ e-commerce and paid social media specialist
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