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Professional Services

Arden Partners pushed into the red, but say future is bright
Banking & Finance
Birmingham stockbroker Arden Partners has said the tide is starting to turn in the market, even though it was pushed into the red in the first half of the year.
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Melrose cuts debt by £127m
Banking & Finance
Shares in industrial investor Melrose rose more than nine per cent yesterday after revealing it had cut its debts by £127 million.
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Huge payouts to Goldman Sachs' staff
Banking & Finance
Staff at investment banking giant Goldman Sachs earned a mammoth £4.1 billion in pay and bonuses during a bumper second quarter for the group.
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Pre-packs the best solution to collapse, research says
Banking & Finance
Controversial pre-pack administrations offer the best chance to save jobs, according to research among its members by the insolvency trade body R3.
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Keep it simple when recovering debt, firms told
Banking & Finance
Businesses across the region are being urged to take one of three simple actions when recovering debt – or risk throwing good money after bad.
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Private equity to strike back over the next year
Banking & Finance
The volume of private equity investments in the Ƶ will pick up in the next 12 months, according to 57 per cent of respondents to a Grant Thornton survey.
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Lichfield pub reopened thanks to bank cash injection
Banking & Finance
A popular Lichfield pub has been reopened after an injection of cash from NatWest.
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Martineau works with Prism Medical on double mobility deal
Banking & Finance
The corporate division of Birmingham law firm Martineau has acted for a Canadian medical firm in the acquisition of two domestic mobility companies.
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'Injured feelings' costing firms dear at employment tribunals
Banking & Finance
Employment tribunals are raising the bar on payouts for “injured feelings”, a Midland expert has warned.
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Suspected ‘missing trader’ fraud activity up by half in first quarter, Challinors says
Banking & Finance
Fraud and Asset Recovery lawyers from Midlands law firm Challinors said, at a specialist VAT Fraud event in Birmingham, that suspected VAT ‘missing trader’ fraud activity rose by half in the first quarter of 2009.
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Kendall Wadley says the right words to pick up Aurix as new client
Banking & Finance
Midlands chartered accountancy firm Kendall Wadley has secured a new client – phonetic speech search company, Aurix.
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Profits drop 25pc at Hammonds despite big deals
Professional Services
Law firm Hammonds, which has a 200-strong practice in Birmingham, saw its profits drop by a quarter over the past year.
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Pay gap is still there for women solicitors, says Law Society
Professional Services
The Association of Women Solicitors is lobbying the law society to support women in the industry after a survey found that male solicitors earn on average six per cent more than females.
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Celebrity divorces muddy the water for family lawyers
Professional Services
High-profile celebrity splits are fuelling myths about divorce and sending the wrong messages to struggling couples and making life harder for law companies, family law specialist Woolley & Co has said.
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Bavarian beer decision could mean curtains for balti trademark
Professional Services
A European legal decision concerning Bavarian beer could scupper Birmingham City Council’s hopes of trademarking the balti, intellectual property law firm Marks & Clerks has said.
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£1,000 loss for each family in Lloyds-RBS bail-outs
Banking & Finance
Every household in the country is sitting on paper losses of almost £1,000 so far on bail-outs for Royal Bank of Scotland and Lloyds Banking Group.
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Friends Provident reject Resolution takeover bid
Banking & Finance
Investment company Resolution said that insurer Friends Provident had brushed off its takeover advances.
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Energy bills containing 'hidden taxes'
Banking & Finance
If household gas and electricity prices soared 42 per cent in 2008 because of sky-high oil prices, why have they only dropped 4.2 per cent in 2009 when oil prices went through the floor?
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Prices of arts and antiques continue to rise in most areas
Banking & Finance
Arts and antiques continue to provide an alternative safe haven for investors amid financial turmoil, with prices continuing to rise in most segments of the market, according to a new report.
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Gold perceived as a safe haven during the recession
Banking & Finance
Gold has worked down from Alexander’s time. When something holds good for 2,000 years I do not believe it can be so because of prejudice or mistaken theory.”
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Bank of England delays corporate easing increase
Banking & Finance
The Bank of England offered to buy £380 million of corporate bonds after failing to announce any increase in its £125 billion corporate easing programme yesterday.
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Call for trade and investment focus
Banking & Finance
Future Ƶ growth has to come from trade and investment to steer the country out of the “steepest recession since the Second World War,” CBI Director-General Richard Lambert told a Birmingham business audience.
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Most first-time buyers now rely on parents' help
Banking & Finance
Four out of five first-time homebuyers under the age of 30 are calling on the “Bank of Mum and Dad” to raise deposits that now average nearly £36,000, according to the Council of Mortgage Lenders.
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Catalyst advises on second HKI private equity disposal
Banking & Finance
Birmingham corporate finance specialist Catalyst has advised on the sale of the Iberian branch of international Midlands healthcare firm HKI, months after helping sell its Warwickshire-based Ƶ subsidiary.
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