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Professional Services

Melius Cyber in Newcastle raises further £500,000 for platform to safeguard SMEs
Deals
The latest funding round brings the total raised to date to £1.35m
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Law firm Hugh James played key role in deal saving more than 50 TGI Fridays restaurants
Professional Services
The Cardiff headquartered firm acted for Metro Bank in providing finance that has seen 51 TGI Fridays restaurants acquired out of administration
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Law firm opens Exeter office amid increased demand
Law
Porter Dodson is now targeting further growth across its sites in Devon, Somerset and Dorset
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Hays reports 20% drop in º£½ÇÊÓƵ and Ireland fees amid challenging recruitment market
Professional Services
Downturn in the recruitment market goes on
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Former Bank of England head advocates for new fiscal measures to boost º£½ÇÊÓƵ public spending
By City AM
The former Governor of the Bank of England said the government must adopt a broader measure of the economy's fiscal health to ensure that investment would not suffer
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Financial Conduct Authority imposes £11m fine on TSB for failing to treat arrears customers fairly
By City AM
The FCA said TSB Bank's failings could have led to unaffordable payment arrangements being agreed with customers in difficulty
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Investors withdraw £1.1bn from Liontrust as º£½ÇÊÓƵ budget concerns impact fund flows
By City AM
Every area of the asset manager's business saw net outflows in the second quarter of its financial year, with the largest, º£½ÇÊÓƵ retail funds and managed portfolio services, suffering a £904m exodus from investors.
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Cornish Metals appoints Endeavour Financial to South Crofty mine project
Finance
The Canadian-headquartered company is looking to raise finance as it progresses with its tin exploration work in Cornwall
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HSBC's new CEO plans $300m savings by streamlining senior management
By City AM
Georges Elhedery is reportedly considering measures to reduce layers of upper management and eliminate duplication in its top ranks at Europe's biggest lender
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KPMG and Natwest resume engagements with scandal-hit CBI after 18 months
By City AM
The CBI was on the verge of financial bankruptcy and had to be bailed out by Natwest after a police investigation into the firm found allegations of sexual harassment and assault
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The latest equity investment and acquisition deals in Welsh business
Banking & Finance
Deals featured include Kaydair, Western Marinas, Monty's Brewery, Seren Group and Forden Concrete Products
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Clarion Wealth Planning bought by management team – and directors vow to preserve firm’s independence
Finance
Founder Ron Walker will remain at Alderley Edge firm to ensure 'seamless transition'
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AJ Bell joins growing calls for Labour to rule out pension tax raid
By City AM
The FTSE 250 firm has warned that rumours of the government's tax plans are "hugely damaging"
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New CEO appointed at True Potential as co-founder Daniel Harrison steps down
Finance
Daniel Harrison launched the business in 2017 with his father David Harrison
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Cavendish warns of 'short-term uncertainty' as City braces for Budget tax hikes
By City AM
The City investment bank called for more support for SMEs in the Budget as investors brace for tax hikes
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º£½ÇÊÓƵ introduces pioneering bank transfer fraud refund scheme, caps claims at £85,000
By City AM
The Payment Systems Regulator (PSR) is requiring more than 1,500 banks, fintechs and other payment firms to reimburse victims of authorised push payment (APP) fraud up to a limit of £85,000 per claim
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Assura highlights º£½ÇÊÓƵ healthcare's pivotal moment as demand for private services surges
By City AM
The healthcare firm's chief executive Jonathan Murphy said the need for investment in healthcare was "starkly outlined" by the recent Lord Darzi report, which found the current primary care estate to be "plainly not fit for purpose"
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AAB expands its footprint in Northern England with acquisition of Bolton's Barlow Andrews and Beech Business Services
Professional Services
The move gives the professional services group a presence in the north west of England
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Bristol professional services brands relocate to new office hub
Offices
Shakespeare Martineau and Marrons are part of legal and professional services group Ampa
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Pound set for worst week of 2024 as º£½ÇÊÓƵ interest rate bets shift
By City AM
Sterling is on track for its worst week all year as investors reassess the path for º£½ÇÊÓƵ interest rates and the fallout from rising geopolitical tensions in the Middle East.
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People on the move: key North East appointments and promotions
Appointments
Companies welcoming new arrivals this week include Newcastle Building Society, JK Lifting, Howarth Litchfield, Robertson Construction and Sanderson Weatherall
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Acuity Law moves to new offices in Swansea to support growth plans
Professional Services
The firm has taken nearly 3,000 sq ft at the grade A waterfront Ethos office building
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Lloyds, HSBC, NatWest and other bank payments could be delayed three days
Banking & Finance
Experts hope it should not affect the vast majority of everyday payments
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Booming London insurance market creates hundreds of new jobs amid tech innovation
By City AM
The capital is the centre of the º£½ÇÊÓƵ's insurance sector, which is growing rapidly due to the rise of insurtech - and this means there's a huge number of new jobs available
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