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Professional Services

New competition offers West Midlands tech firm £1m prize
West Midlands
Dragons' Den-style event will take place during Birmingham Tech Week and offer the winner a bumper prize
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New chair of the Development Bank of Wales revealed
Appointments
Sally Bridgeland will take up her new role in September when she succeeds Gareth Bullock
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Novocomms secures £3.6m grant to develop 5g tech
West Midlands
The new grant will enable the Birmingham-based company to recruit up to ten electronic engineers
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Another deal for Dains as it acquires VAT specialist
West Midlands
Accountancy group continues buyout spree with latest deal
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Business activity growth slows only marginally from April's high - report
West Midlands
Job shedding slowed although some firms continued to note difficulties finding suitable candidates for open jobs according to latest PMI data
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Nearly 100 jobs lost as financial advice group Tenet calls in administrators
Insolvency and Administration
The Financial Services Compensation Scheme is investigating claims - saying the process could take several months
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Law firm Darwin Gray doubles office size to accommodate expansion
Legal
The Cardiff headquartered firm has seen its staff number rise by 40% over the last 18-months
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North East's slow start to deal making in 2024 but Virgin Money takeover boosts values
Deals
Analysis of mergers and acquisitions across the first quarter showed the region trailed others on volume of deals but overall value was higher than last year
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Opinion: 'Driving Growth – The impact of private capital in the North West'
Technology
Chris Wright, head of Inflexion's Manchester office
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People on the move: North East appointments and promotions of the week
Appointments
Companies announcing new appointments this week include Silverstone Building Consultancy, Muckle LLP, OnPath Energy, Wave and Eddisons
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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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