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Professional Services
Firms report negative impact on productivity from staff leaving the workforce shows PwC research
Professional Services
A large proportion of economically inactive people said they were interested in returning to work full or part-time
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Global banking giant BNY vows to grow in Manchester as city becomes one of its key global hubs
Finance
Chancellor Rachel Reeves visits BNY's new Angel Square hub for its 2,000 staff
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MS Amlin joins EBRD scheme to boost Ukraine SMEs with €1bn reinsurance cover
By City AM
MS Amlin has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs.
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Chancellor Rachel Reeves' headroom shrinks as government borrowing soars
By City AM
The government borrowed more than expected in February, official figures showed, spelling trouble for Chancellor Rachel Reeves ahead of the Spring Statement next week
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Schroders share price target upgraded as analysts see 'upside risk'
By City AM
Schroders' share price has surged this year after the asset manager announced a cost-cutting drive, and RBC analysts believe there is "more upside risk than downside"
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TSB appoints new CEO amid parent company's uncertain future
By City AM
The º£½ÇÊÓÆµ retail bank has appointed a new chief executive officer amidst its parent company's uncertain future
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Natwest partners with OpenAI as FTSE giant scales up tech
By City AM
The FTSE 100 lender said it would leverage AI to meet customers' needs faster and more effectively, whilst increasing productivity and efficiency across operations.
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Bank of England maintains interest rates at 4.5% amid global trade concerns
By City AM
The Bank of England's Monetary Policy Committee voted 8-1 to keep interest rates on hold at 4.5 per cent
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Wage growth soars as Bank of England prepares to make interest rate decision
By City AM
The Office for National Statistics (ONS) said that annual regular pay, excluding bonuses, grew 5.9 per cent between November 2024 and January 2025.
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Lloyd's of London reports profit drop to £9.6bn amid US wildfire claims and market volatility
By City AM
Lloyd's of London, the world's leading insurance and reinsurance marketplace, has reported a profit before tax of £9.6bn for 2024, a drop from the £10.7bn reported for 2023
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Santander announces closure of 95 branches impacting 750 jobs across the º£½ÇÊÓÆµ
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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Manchester growth set to outpace other º£½ÇÊÓÆµ cities as tech and professional services drive economy
Economy
Wider North West picture more subdued
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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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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£½ÇÊÓÆµ 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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