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Professional Services

Competitions watchdog launches inquiry into Virgin Money's £2.9bn takeover by Nationwide
Deals
The Competition and Markets Authority has set a deadline of June 14 for views from interested parties
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Shipping insurer NorthStandard reports robust results in first full year of trading as merged business
Finance
Premium incomes and other key indicators of performance were positive for the now 600-strong firm
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Number of regional businesses in liquidation almost doubles in a month, new data shows
Insolvency and Administration
The amount of debt owed by firms in liquidation in the North East last month also rocketed
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No5 Barristers' Chambers finds new home in Birmingham
West Midlands
Practice has become the latest professional services outfit to take office space at 103 Colmore Row
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Gambit Corporate Finance announces two new partners
KPMG
The promotions comes after the firm acted on a record £400m of transactions in 2023
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Has the Development Bank of Wales achieved what it was set up to do
Wales
Wales is fortunate to have its own publicly-owned development bank, but in certain key areas it can do better
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Coventry Building Society confirms £780m takeover of Co-op Bank
The Co-operative
Deal will return Manchester-based Co-op Bank to being a mutual following its departure from wider Co-op Group in 2017
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Arup and RSM triumph at Great Birmingham Run Business Challenge
West Midlands
Pair were among a host of firms from across the city's business district taking part in the annual corporate team running competition
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Nationwide Building Society hails Virgin Money deal as it eyes 'significant gains'
Finance
Virgin Money shareholders strongly backed the offer in a vote this week
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Law firm Blake Morgan advised on deals worth £380m in last financial year
Deals
The Cardiff-based firm's commercial team said the outlook for deals is strong
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Financial Conduct Authority boss: How Northern financial centres need the right transport, skills and ecosystem to grow
Finance
Nikhil Rathi says he's proud of growing regulator's presence across the º£½ÇÊÓƵ
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Hodge named as headline sponsor for Pride Cymru 2024
LGBTQ+
This year's Pride Cymru parade will take place in Cardiff from June 22-23
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Digital bank Chetwood Financial acquires buy-to-let mortgage lender CHL Mortgages for Intermediaries
Deals
Wrexham-based Chetwood has acquired the business following a competitive bidding process
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Welsh consumers have nearly £15bn in accounts earning 1% interest or less
Banking & Finance
Principality Building Society is urging consumers to shop around for better rates of interest
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Bank of England aiming to have 500 of its staff in Leeds office
Professional Services
The expansion of the Bank's northern hub has been welcomed by civic leaders in West Yorkshire
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People on the move: key North East appointments and promotions
Appointments
Companies making appointments this week include Tedco, Avison Young, RMT, Swinburne Maddison LLP, Clive Owen LLP and Palintest
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Manchester law firm Horwich Farrelly aims for expansion with £12m NatWest finance deal
Deals
The Salford firm currently has 11 offices and has set its sights on sustainable growth
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Swansea Building Society appoints new chair
Deloitte
Stephen Maddock replaces Ieuan Griffiths as chair of the Swansea headquartered mutual
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Manchester ‘most entrepreneurial place outside of London’, Start Up Loans says as it celebrates growth in the North West
North West
British Business Bank scheme hails best year ever in region
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Trade sales dominate Welsh business exit deals over last 24-years shows new research from Gambit
European Union
The Cardiff-based corporate finance firm has assessed exit deals in Welsh business over the last 24 years
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Conveyancing firm to expand into offices at Five Valleys Stroud
Offices
Montpellier Legal already has branches in Cheltenham and Gloucester
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North West economy showing signs of recovery, latest NatWest Regional PMI Survey shows
North West
Service sector sees marketing and sales success
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People on the move: key North East appointments and promotions
Appointments
Companies featuring in this week's round-up include Ryecroft Glenton Corporate Finance, Adderstone Living, Healthwatch, Seaward Electronic Ltd and Gleeson Homes
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Skipton Business Finance moves Birmingham team to new home
West Midlands
Invoice financing firm has relocated from Jewellery Quarter to central business district
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