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Professional Services
Santander announces closure of 95 branches impacting 750 jobs across the º£½ÇÊÓƵ
Santander
The Spanish-owned lender said it was shutting the branches from June, while also cutting hours across 36 sites and switching 18 to be counter-free in moves impacting on more than a third of its 444-strong network
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Santander to close Midlands branches
Finance
Six sites across the region have been tabled for closure as part of a nationwide review into its network
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M&G reports jump in outflows as it slumps to loss in 2024
By City AM
The insurer and asset manager reported outflows of £9.5bn throughout 2024, compared to £4.7bn in 2023, it revealed in its annual results
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From saving lives to ‘robo-advisers’ – Fintech North hears how technology is transforming finance and insurance
Technology
Royal Liver Building conference showcases Liverpool and North West's tech pioneers
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The latest equity investment deals in Wales
Deals
Companies featured include Burbank, Finalrentals, Bute Energy, Snoap and Nisien.AI
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Manchester growth set to outpace other º£½ÇÊÓƵ cities as tech and professional services drive economy
Economy
Wider North West picture more subdued
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Close Brothers reports £104m loss due to motor finance scandal provisions
By City AM
The banking group went from a profit of £88.1m in the same period of 2024 to a pre-tax loss in the first half of 2025, after the firm set aside provisions for the motor finance scandal.
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Accountancy group DJH makes city move as it celebrates £17m North West milestone
Finance
DJH says it wants to keep hiring as it takes expanded city centre offices in Peter Street
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Howden: Insurance giant set for US takeover deal and £23bn stock market float - report
By City AM
British insurance broker Howden is reportedly closing in on a US takeover deal, which could pave the way for a $30bn (£23.2bn) stock market listing in the coming years
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Vanquis shares plummet as it posts £34.8m loss for 2024
By City AM
The cost of dealing with complaints related to the company's historic lending practices soared and took a chunk out of the company's bottom line.
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Why we keep branches and passbooks – Vernon Building Society bosses past and present look to the future
Finance
Group plans to open more branches across Greater Manchester's boroughs
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PensionBee hails 'transformative year' as losses slashed and revenue climbs
By City AM
PensionBee has hailed a "transformative year" for the listed business as it slashed its pre-tax loss and grew its revenue by almost £10m as it expanded into the US
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Swansea Building Society post record profits and total assets
Finance
The Swansea headquartered mutual had a strong 2024 with double digit growth in its mortgage lending and saving deposits
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Revolut says º£½ÇÊÓƵ shoppers bought aquariums and antiques in February
By City AM
The data of 93million card payments in February from the fintech giant shows a shift in consumer habits following the January spending lull
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Legal & General boosts shareholder returns with £500m buyback after strong 2024 performance
By City AM
The insurance giant announced a £500m share buyback for 2025, as part of its commitment to return over £5bn to shareholders within three years.
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Accountancy firm moves to larger offices as it looks to expand
Offices
Hazelwoods has offices in Bristol, Gloucestershire and Cardiff and employs 550 people across the region
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Discounts platform Digital Rewards Group plans US expansion after Maven investment
North West
New board members for Altrincham firm after investment supported by ThinCats
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Investment bank launches new Birmingham team
West Midlands
Cavendish hires ex-Deloitte partner to spearhead office targeting Midlands region
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Welsh private sector output improves further shows new NatWest research
NatWest
NatWest has published its latest Wales Business Activity Index
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Nationwide to give millions of customers £50 - see if you qualify
Banking & Finance
The money is on top of the now annual Fairer Share Payments
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Lloyd's of London reports 6.5% increase in gross written premiums for 2024
By City AM
In a trading update published this morning ahead of its full results, Lloyd's said gross written premiums increased £55.5bn from £52.1bn in the prior year
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Black Country logistics provider fuels expansion with new funding
West Midlands
PDS Direct has grown from a local delivery service covering the Midlands region from its base in Oldbury into a third-generation family business
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People on the move: key North East appointments and promotions
Appointments
Companies welcoming new starters include Swinburne Maddison LLP, Shrewd HR, Bernicia, Newcastle Building Society, GSC Grays and NEPO
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º£½ÇÊÓƵ mortgage brokers predict interest rate rise despite recent cuts, survey reveals
By City AM
Almost 70 per cent of mortgage brokers expect interest rates to increase from their current levels by the beginning of next year, a new study has found.
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