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Professional Services
GB Bank to move headquarters from North East to London
property news
The property finance specialist has also appointed a new CEO as its co-founder and current CEO steps down from the business
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Legal & General's profit beats estimates, dividend up amid new CEO's strategic overhaul
By City AM
The FTSE 100 insurance and pension giant reported a core operating profit of £849m for the half-year, up from £844m during the same period in 2023 and ahead of a company-compiled analyst consensus estimate of £834m.
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Hiscox reports 'robust growth' in results despite 'more active loss environment'
By City AM
The Lloyd's of London insurer reported a 3.3 per cent growth in insurance contract written premium (ICWP) for the six months to 30th June
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Rachel Reeves could 'free up billions' for spending but it won't change fiscal fundamentals
By City AM
The Chancellor has plenty of options to free up space under the current fiscal framework, but the Institute for Fiscal Studies argues that the focus should be on the merits of more borrowing, rather than the technical details
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MBO at Black Norman Solicitors is backed by River Capital
Professional Services
Merseyside practice hopes to expand
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º£½ÇÊÓÆµ's big banks ready for crisis with no public funds needed, Bank of England reports
By City AM
The Bank of England said on Tuesday that the º£½ÇÊÓÆµ's major banks had "continued to make significant progress in improving their preparations for resolution"
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Financial turnaround for Abrdn with CEO search underway, reports £800m net inflows
By City AM
The FTSE 250 asset management group - which was formerly known as Standard Life Aberdeen - reported net inflows of £800m for the first half of 2024
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Japanese stocks lead Asian market recovery with Topix surging 8% after historic drop
By City AM
Japanese stocks have rebounded from Monday's dramatic rout, leading a broader Asian rally, as investors regain their nerve after a brutal start to the week
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New Street Consulting Group seals £6.5m investment to drive forward expansion plans
Deals
The deal follows the Leeds firm's recent acquisition of The Chemistry Group
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Care home group expands footprint with acquisition
West Midlands
Nottingham-based Affinity Care Consortium has bought a 50-bed facility in Chelmsley Wood
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Societe Generale offloads º£½ÇÊÓÆµ and Swiss private banking units in £771m sale
By City AM
The French bank is selling its º£½ÇÊÓÆµ and Swiss wealth management businesses to Geneva-based Union Bancaire Privee
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West Country accountants among º£½ÇÊÓÆµ's best places for women to work
Employment
Bishop Fleming has offices in Bath, Bristol, Cheltenham, Exeter, Plymouth, Torquay, Truro and Worcester
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Bank of England's Andrew Bailey commits to full term amid challenges and criticism
By City AM
The Governor of the Bank of England said he was "looking forward" to the next four years, despite the criticism he has faced during a challenging first half of his term
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Survey reveals nearly half of º£½ÇÊÓÆµ millionaires consider leaving due to Labour's tax policies
By City AM
Nearly half of the º£½ÇÊÓÆµ's millionaires are now more likely to leave the country after Labour's general election victory, a new study has revealed
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July investment insights: Which were the best and worst performing funds?
By City AM
July was a month that saw small companies funds dominate the top performers - and the tech sector struggle
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People on the move: key North East appointments and promotions
Appointments
Companies announcing new roles include Knight Frank, Azets, Hotel Gotham, Lowes Financial Management and Simon Bailes Peugeot
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Bank of England's Huw Pill cautions against complacency in inflation fight despite rate cut
By City AM
Bank of England chief economist Huw Pill said that despite returning to the two per cent target, inflation still needs to be "squeezed out" of the º£½ÇÊÓÆµ economy.
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Global markets slump on US recession fears as FTSE 100 tumbles and Amazon shares crash
By City AM
Stock markets have been rocked by fears of a US recession after data showed the American economy is beginning to slow down, with the FTSE 100 plunging and Amazon shares crashing
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Eversheds Sutherland profit growth stalls as it battles 'challenging economic conditions'
By City AM
The law firm said that growth had been 'more challenging economic conditions' in most of the markets it operates in, with net profit virtually flat on the previous year
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Axa reports over £50bn in revenue as it exits asset management with BNP Paribas deal
By City AM
The French insurer has reported that its underlying earnings were up from £3.5bn to £3.6bn in H1 2024, as the group also revealed that it has agreed to sell its asset manager to a French banking giant
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Newcastle Building Society provides £20m for victims of Philips Trust Corporation collapse
Company Results
The sum has impacted the mutual's half year pre-tax profits though it has shown strong underlying performance
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Virgin Money sees drop in lending in Q3 as arrears levels stabilise
Company Results
The challenger bank said it had incurred £10m of restructuring costs, which come ahead of its takeover by Nationwide Building Society
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Deal market ‘set to rebound’ after slow start to 2024, KPMG says
KPMG
'There are strong fundamentals for the M&A market in the North West to return to healthier levels of activity'
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Haines Watts' Northern city offices acquired by Evelyn Partners
Deals
The company's offices in Manchester, Leeds, and Newcastle have been snapped up in the transaction
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