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Riverstone Energy boosts performance with aggressive share buyback, outpacing peers
By City AM
Riverstone's monster share buyback programme has helped the energy-focused investment trust outperform its peer group over the past one and three years.
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Rachel Reeves faces tough choices as º£½ÇÊÓƵ borrowing exceeds forecasts, says IFS
By City AM
The government borrowed £20.5bn last month - the highest September figure since monthly records began in 1993, and £4.7bn more than predicted by the Office for Budget Responsibility in March
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Second British basketball team in a week bought by new investors
By City AM
The Manchester franchise set to play in Britain's new Super League Basketball has been bought by the US-based Sherwood Family Investment Office
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º£½ÇÊÓƵ fintech Flagstone sees dramatic growth, doubling assets amid rate chase
By City AM
Flagstone's assets under administration have risen more than £1bn per quarter for 18 months as the firm's number of active customers has also jumped by more than a fifth
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Plus500 reports robust first half with $398.2m revenue, plans $185.5m shareholder return
By City AM
The trading company has reported a 12% rise in revenue for the six months to 30 June, and says it is "strategically well positioned"
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JTC bolsters employer services with acquisition of Buck º£½ÇÊÓƵ from Arthur J. Gallagher & Co
By City AM
The corporate solutions firm has agreed to acquire the Buck º£½ÇÊÓƵ and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co
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Johnston Carmichael boosts North East presence with office expansion
property news
The business has expanded into a new office at Maybrook House in Newcastle
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º£½ÇÊÓƵ confidence in financial inclusion plummets despite economy strength
By City AM
The proportion of people who say they feel financially included in the º£½ÇÊÓƵ has fallen, a survey from Principal Financial Group shows
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Bank of England appoints West Yorkshire professor to rate-setting committee
Appointments
Economics professor Alan Taylor has been appointed as the newest member of the committee
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People on the move: key North East appointments and promotions
Appointments
Companies featuring in this week's round-up include Robson Laidler, UNW, Lichfields, Langley Castle and Tekmar Group
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MBO at Birmingham printing company
West Midlands
Set & Match is now being led by Stuart Mills following a funding deal from Time Finance
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º£½ÇÊÓƵ government in talks with Revolut ahead of blockbuster listing
By City AM
The Treasury is reportedly planning talks with Revolut this autumn in a bid to showcase London's attractiveness as the º£½ÇÊÓƵ's biggest fintech firm is said to prefer the US for a blockbuster IPO
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PwC facing £6.6m lawsuit from º£½ÇÊÓƵ property developer over 'negligent' tax advice
By City AM
PwC is facing a lawsuit from º£½ÇÊÓƵ commercial property developer Revelan, which is claiming £6.6m from the Big Four firm after it said it was landed with a £3m tax bill
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º£½ÇÊÓƵ economy expands in line with expectations in second quarter
By City AM
Britain's gross domestic product grew 0.6 per cent in the three months to June compared to the previous quarter, according to data from the Office for National Statistics
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Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals
By City AM
The US lender is not currently planning to materially change fixed pay for material risk-takers, similar to the approaches taken by rivals JPMorgan and Barclays
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Cornish accountancy firms snapped up in double deal
South West
West Midlands-based BK Plus has expanded its presence in the South West
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Private equity giant CVC makes 'strong recovery' after dismal 2023
By City AM
The company, which owns the Six Nations, beat expectations in the first half of the year after a quiet 2023 when money failed to flow into its investments
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FCA imposes £276,100 fine on Cyprus-based Forex TB for unfair customer treatment
By City AM
The Financial Conduct Authority (FCA) has fined Cyprus-based trading broker Forex TB (FXTB) Limited £276,100 for treating customers unfairly and providing unauthorised investment advice
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Tyneside education specialist Edwin Group sees sales and profits rise despite challenges
Education
The firm's accounts have been published weeks after it was acquired by new US owners
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Aviva reports robust first-half results with 15% surge in insurance premiums, plans more shareholder returns
By City AM
The º£½ÇÊÓƵ and Ireland general insurance premiums jumped 18 per cent to £3.8bn
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Secure Trust Bank hikes cost-cutting target but warns on earnings as FCA review bites
By City AM
Secure Trust Bank's "Project Fusion" scheme is on track to deliver £5m in savings by the end of this year, the lender said on Wednesday
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Just Group exceeds forecasts with £249m profit, analysts upgrade stock predictions
By City AM
The specialist financial services company for those at and in retirement has reported an underlying operating profit of £249m, 20 per cent ahead of consensus
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What are the options for my pension when I retire?
Your Money
A look at what choices are on offer when it comes to accessing your pension in retirement
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From inflation to GDP: Everything you need to know about the º£½ÇÊÓƵ economy this week
By City AM
Inflation is expected to rise for the first time since December, according to City economists, as a slew of official º£½ÇÊÓƵ economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month.
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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
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.
HousingHousebuilders agree record £100m payments after competition probeBarratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry have been investigated over allegations of sharing information
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
Future of northern HS2 land still 'under consultation'
Transport
Lord Hendy tells new BBC podcast series the land earmarked for Leeds and Manchester legs is still held by HS2
Revised plans for bridge from Bristol Arena to Brabazon submitted by YTL
South West
The developers have said the bridge will help manage traffic flows on the arena's event days
North East investment company Develop North launches new growth strategy
property news
The company launched by Tier One Capital says devolution and overseas investment have made the region ripe for investment
East MidlandsSocotec expands º£½ÇÊÓƵ footprint with Scottish acquisitionThe Burton-based provider of testing services has bought out º£½ÇÊÓƵ Testing and Certification
Welsh recruitment firm marks 'successful' 12 months following MBO
Wales
The 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