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Sainsbury's continues financial services exit with £720m Argos credit card sale
By City AM
Supermarket giant Sainsbury's has offloaded its Argos credit card business as it continues to exit the financial services market in order to focus on retail
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Standard Chartered to double down on wealth management after tripling profit
By City AM
The FTSE 100 lender, which makes almost all its money in Asia, the Middle East and Africa, reported a third-quarter pretax profit of $1.72bn (£1.3bn), beating analysts' forecasts of $1.49bn (£1.1bn)
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Profits rise at Womble Bond Dickinson following year of sustained growth
Company Results
The law firm saw profits rise despite changing its accounting reference date, resulting in a shorter financial trading period
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Triodos º£½ÇÊÓƵ boss to step down after decade at the helm
People
Bevis Watts' departure will coincide with the Bristol-based lender's 30th anniversary in Britain
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Santander º£½ÇÊÓƵ profits tumble 19% amid intense mortgage competition and pending court decision
By City AM
Santander said it would delay the publication of more detailed figures to digest a landmark motor finance court ruling in London
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Hargreaves Lansdown sees client surge as private equity takeover nears, despite investment hesitancy
By City AM
The investment platform's private equity takeover is expected to be completed in the first quarter of next year
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HSBC boss says global revamp is not a prelude to bank break up
HSBC
Chief executive George Elhedery said the main reason for the global overhaul "is to make us a simpler, leaner organisation with faster decision making, stronger empowerment of our frontline people"
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Law firm secures £30m private equity deal
West Midlands
FBC Manby Bowdler says it plans to use funding to double the size of the practice including with the launch of a new office in Knowle
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North East business tackling strain of more than 482,000 overdue invoices, research shows
Insolvency and Administration
The survey by R3 has found that the region's business has seen a rise in the number of unpaid bills - both month-on-month and year-on-year
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Research consultancy Kada choses Gateshead for second º£½ÇÊÓƵ base
SMEs
The Yorkshire firm has already been working with North East authorities
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º£½ÇÊÓƵ's largest wealth manager St James's Place to embrace crypto after fund management overhaul
By City AM
In December, the º£½ÇÊÓƵ's largest wealth manager pulled £2bn from Jacob Rees-Mogg-founded Somerset Capital Management, causing the firm to shutter almost immediately, as the mandate had represented around two-thirds of its assets
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PKF Smith Cooper finds new home in Birmingham
West Midlands
Financial services secures deal for new office to accommodate its growth plans
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Lancashire officials urge faster rollout of banking hubs to revive high streets
Post Office
So far only two of the facilities have launched in the county while another four are in the pipeline
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People on the move: key North East appointments and promotions
Appointments
Companies announcing new appointments this week include Adderstone Living, Nixon Hire, Jacksons Law Firm, Esh Group, The Auckland Project and Prosper
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NatWest shares surge as Q3 profits climb 26%, driven by robust lending growth
By City AM
The Big Four bank reported solid growth driven by its lending
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Hull telecoms firm KCom hails solid results despite seeing profits fall
Company Results
The company's operating profit almost halved against a backdrop of challenging conditions
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Barclays' Q3 profits soar to £2.2bn, surpassing expectations with robust investment banking performance
By City AM
The FTSE 100 bank reported a pretax profit of £2.2bn between July and September, up 18 per cent from £1.9bn a year earlier.
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Abrdn share price falls as investors pull billions from funds in third quarter
By City AM
The fund manager saw investors pull billions from its funds in the last quarter, although inflows into its Interactive Investor do-it-yourself (DIY) investing platform helped offset some of the losses
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Harry Potter magic still works for Bloomsbury as publisher forecasts exceed expectations
By City AM
In its results for the six months to 31 August, the publishing house told markets consumer revenue was up 47 per cent to £131.3m for the half year, up from £89.4m, while profit before taxation was up 91 per cent to £21.4m, from £11.2m in the previous year
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North East business confidence at a high, two separate surveys reveal
Economy
Regional research by Sumer and The Entrepreneurs Network, and the latest ICAEW’s Business Confidence Monitor, show an uptick in positivity
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Water retailer Wave toasts new £100m framework deal with The Energy Consortium
Deals
The deal gives it access to university and museum customers across the º£½ÇÊÓƵ
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Budget borrowing will slow Bank of England rate cuts, economists warn
By City AM
A surge in government borrowing in next week's Budget will likely force the Bank of England to slow the pace of interest rate cuts over the coming year, economists have warned.
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Deloitte announces further job cuts in the º£½ÇÊÓƵ as economic pressures mount
By City AM
Big Four firm Deloitte has cut 250 members of staff in the º£½ÇÊÓƵ, the Financial Times has reported.
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Lloyds beats profit estimates as consumers prove resilient and Bank of England holds rates
By City AM
Lloyds Banking Group has beaten profit estimates and set aside less than expected for souring loans as it reported improved consumer confidence and borrowing in the third quarter
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FinanceUltimate Finance reports 'record' first half and moves into larger officesThe asset-based lender is seeing an increase in demand for its services
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
FinanceUltimate Finance reports 'record' first half and moves into larger officesThe asset-based lender is seeing an increase in demand for its services
Bank of England rate cut 'almost certain' after poor economic growth
By City AM
The 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.
TransportFuture of northern HS2 land still 'under consultation'Lord Hendy tells new BBC podcast series the land earmarked for Leeds and Manchester legs is still held by HS2
McVitie’s owner Pladis investing £68m in º£½ÇÊÓƵ sites – including big boosts for Stockport Jaffa Cake plant at Aintree's Jacob’s Cream Cracker bakery
Food and Drink
Move will see robotic chocolate moulding line in Stockport and new ovens at Liverpool bakery
Liverpool's new town plan is 'one of the most exciting regeneration opportunities' in º£½ÇÊÓƵ and beyond
Economic Development
The new town would span 5km from just north of Liverpool city centre, across Everton, Anfield and Kirkdale and into Bootle
Aviation textile company opens larger production facility in Somerset
Somerset
The company has long-standing relationships with Boeing Defence º£½ÇÊÓƵ and Leonardo
Work starts on new £1.25bn electric arc furnace for Tata at Port Talbot
Wales
The electric arc furnace will make greener steel from scrap.
WalesWelsh recruitment firm marks 'successful' 12 months following MBOThe deal was completed last year and the business has since experienced considerable growth
Expansion for manufacturer following funding deal
West Midlands
The Active Hands Company was founded by Rob Smith after a life-changing spinal cord injury left him partially paralysed in all four limbs
Hinkley Point C workers to be provided with extra parking spaces at rugby club
EDF
The construction workforce at the new nuclear power station is expected to reach its peak over the next 18 months
County Durham tech firm Filtronic seals £13.4m defence deal
Deals
The deal comes during a strong period for the company, which has bases in Leeds, Sedgefield, Manchester, Cambridge and the US
Work starts on new metalworking HQ
West Midlands
ISCAR Tools is revamping and extending its º£½ÇÊÓƵ head office and demonstration hub in Birmingham