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Professional Services
Baker Tilly's MHA sees significant growth in º£½ÇÊÓÆµ and Ireland with £99m half-year revenue
By City AM
The accounting and advisory firm posted £99m in revenue for the six months to 30 September, up from £75m during the same period last year.
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Hill Dickinson says accountants are the next target for private equity giants
Law
Partner at Liverpool-headquartered national law firm says this has been 'seminal year'
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Aviva and Ageas 'could go head-to-head in Direct Line bidding war'
By City AM
The City is braced for a Direct Line bidding war after Aviva threw the company into the takeover spotlight for the second time this year with a £3.3bn approach
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Bank of England highlights risks of rising global trade barriers to º£½ÇÊÓÆµ financial stability
By City AM
The Bank's half-yearly financial stability report said the financial system could be hit by disruption to cross-border capital flows and a reduced ability to diversify risk
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London Stock Exchange takeover frenzy tops £50bn with 45 firms in crosshairs
By City AM
The high level of takeover activity in London this year has fuelled fears over the health of the City's equity markets, as more than 45 companies have been in the crosshairs of buyout firms
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City broker Peel Hunt posts profit despite Budget hit to deals
By City AM
The London-listed investment bank posted a pre-tax profit of £1.2 million in the six months to October 31, up from a loss of £800,000 in the same period last year
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TSB Bank names new boss as Robin Bulloch to retire after 45-year career
By City AM
TSB Bank said it has appointed Marc Armengol as its new CEO, with incumbent boss Robin Bulloch set to retire
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New regional lead for law firm Irwin Mitchell
West Midlands
Laura Daly has started a three-year tenure with a focus on business development
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Direct Line shares surge 42% after rejecting £3.3bn Aviva takeover offer
By City AM
The FTSE 250 insurer said the cash-and-stock offer from its larger rival was "highly opportunistic and substantially undervalued the company"
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One of Britain's biggest building societies to take over Co-op Bank
By City AM
The takeover is expected to be completed on January 1, 2025, with Co-op Bank returning to mutual ownership as a subsidiary of Coventry. The lenders will retain their own banking licences.
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Scottish law firm Aberdein Considine opens Manchester office as it moves into North West commercial real estate market
Legal
'We plan to double our team and our turnover over the coming year'
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Nationwide records £2.3bn gain on Virgin Money acquisition and announces 500 new jobs
Finance
The building society says it is creating the jobs across IT, customer service and business growth functions
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Co-op Bank to hand out £90million to investors ahead of Coventry sale
By City AM
The Co-operative Bank said its net mortgage balances were up two per cent and net lending to small and medium-sized businesses surged by 16 per cent in the quarter
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MPs warn of 'incompetent' Financial Conduct Authority, in the wake of scandals
Finance
An all parliamentary group sought views on the watchdog and say testimony provided shows "alarming" treatment of whistleblowers and their evidence
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Insurance brokerage moves to new base
West Midlands
Norton has expanded into a new office in Birmingham
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Hargreaves Lansdown launches VCT service after Budget tax hikes
By City AM
The new service will begin by offering five VCTs, which includes two AIM VCTs from Octopus and its Apollo VCT, Blackfinch Spring VCT and Calculus VCT
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BDO smashes through £1bn revenue mark after partner profit bounces back
By City AM
BDO said a "continued programme of investment" helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024.
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Barclays hit with £40m fine over 'reckless' failure to disclose Qatar links
By City AM
The FCA has fined Barclays £40m for failing to disclose fees paid to Qatari investors during a 2008 capital raise, during which the lender was trying to avoid a bailout
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HMRC doubles amount it pays out in tax fraud tip-offs – but accountants say it needs to do more
By City AM
£1m total is the highest figure of at least the past seven years
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Next chapter for Margetts Wealth after management buy in
West Midlands
Deal sees brace of directors take equal shares in the Birmingham-based financial services business
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Investment bank Cavendish announces Manchester expansion with new office at No.1 St Michaels
North West
The City of London investment bank has appointed Oliver Tebbutt as partner to lead the office and will open in the city in January
Bookmark
British Business Bank on the performance of its £130m Investment Fund for Wales
Deals
The bank said £10m was deployed in the fund's first year and will now be accelerated with the £40m reserve also being utilised
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Mattioli Woods' profit slashed as it quit London stock market after takeover
By City AM
The Leicester-headquartered wealth manager has now been delisted from the London Stock Exchange's AIM after being acquired by Pollen Street
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Consumer confidence dips as interest rate cut fails to lift gloom
By City AM
After a steady climb throughout the year so far, consumer confidence dipped in November amid warnings it could continue to fall into 2025
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