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Professional Services
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
Bookmark
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
Bookmark
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.
Bookmark
Legal & General shares soar as º£½ÇÊÓÆµ 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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
Interest rates cut – what does it mean for the North West?Â
Barclays
MPC voted for a quarter-point reduction to 4.5%
Bookmark
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.
Bookmark
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
Bookmark
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
Bookmark
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
Bookmark
Bank of England set to cut interest rates as º£½ÇÊÓÆµ economy stumbles
By City AM
The Bank of England is expected to cut interest rates this week as the º£½ÇÊÓÆµ economy continues to struggle, although the bank is likely to signal a cautious approach to the outlook
Bookmark
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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Fresh investment for component manufacturer
West Midlands
Opus International Products has used new capital from HSBC º£½ÇÊÓÆµ to buy machinery for its warehouse in Leamington Spa
Bookmark
Howden brings teams together into new Birmingham office
West Midlands
Global insurance intermediary group has consolidated its staff into a new base in Church Street
Bookmark
FTSE 100 hits record high in 2025, boosted by global market trends and Smiths Group breakup
By City AM
London's main index has hit another all-time high this morning, with the index up five per cent since the start of 2025 - but it could all end today
Bookmark
People on the move: key North East appointments and promotions
Appointments
Companies featuring in this week's round-up include Muckle LLP, youngsRPS, Groundwork NE & Cumbria, Muller Stoker, Julius Baer International and Beyond Housing
Bookmark
Barclays latest firm to tighten office attendance rules with three-day minimum
By City AM
The British-headquartered lender unveiled a more stringent approach to hybrid working in a memo to staff earlier this week, which cut the minimum number of days staff can work from home from three down to two.
Bookmark
Chrysalis stock surges as Klarna and Starling Bank valuations boost portfolio
By City AM
The private equity trust said its underlying assets rose 11 per cent to 156p per share in the last quarter of 2024, thanks to a valuation upgrade for its holding in Swedish buy now, pay later firm Klarna
Bookmark
Saga anticipates higher profits and strong travel growth, plans to refinance £325m debt
By City AM
Saga said it expects its financial performance for the half-year to be 'marginally ahead' of the same period a year ago, with its travel arm performing particularly well
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