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You are here: Home / Archives for Finance

News for: Finance

The Co-operative Bank puts itself up for sale

April 19, 2024

Coventry Building Society to acquire Co-operative Bank

Coventry Building Society has agreed to acquire Manchester-based Co-operative Bank in a £780 million deal. West Midlands-based Coventry Building Society is the UK's second largest mutual and the takeover of Co-operative Bank would make the combined group the country's seventh largest lender with … [Read more...]

The new look Vernon Building Society in Stockport

April 18, 2024

Vernon Building Society completes refurbishment of St Petersgate headquarters

Stockport mutual, Vernon Building Society, has completed an impressive refurbishment of its headquarters on St Petersgate in the town centre. The refurbishment is part of a £1.2 million investment in the Vernon Building Society's branches as part of a long-standing commitment to providing … [Read more...]

Cheadle lender Together to create 100 new jobs

April 11, 2024

Together announces successful £450 million bond issuance

Cheadle-based specialist lender, Together, has announced the issuance of £450 million in 7 7/8% Senior Secured Notes. The Notes, due in 2030 have been issued through Together subsidiary, Jerrold FinCo plc, with proceeds to be used to redeem senior secured notes issued in February 2020 and due … [Read more...]

use your pension to save tax

April 4, 2024

Women’s pension pots worth half of men’s, finds Handelsbanken

Women significantly lag men in terms of their pensions savings, new research conducted for Handelsbanken Wealth & Asset Management has found. Among women who have a pension, their savings are typically much smaller than their male counterparts’, according to the firm’s latest report, Gender … [Read more...]

Cash Access UK opens Bramhall Banking Hub

April 3, 2024

Cash Access UK opens Bramhall Banking Hub

Cash Access UK, the organisation set up to protect nationwide access to cash, has confirmed that Bramhall’s Banking Hub will officially open on Friday 5 April at 11am. The Hub is located at Unit 16 and 17 Village Square in the village centre, and will offer a a counter service operated by the … [Read more...]

Vernon Bear, headteacher and pupils from St Joseph's Catholic Primary School alongside the time capsule items

March 28, 2024

Vernon Building Society buries time capsule to mark 100th year

Stockport mutual, Vernon Building Society, has buried a time capsule with help from pupils at St Joseph’s Catholic Primary School to mark its 100-year anniversary on Wednesday 27 March 2024. The time capsule is to remain buried in the school’s peace garden for 100 years, giving school children in … [Read more...]

HMRC Advice

March 21, 2024

HMRC halts plans to cut back helpline services

Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted in response to public feedback to its plans, and to trials during 2023. Changes to helpline services aimed at encouraging people to go online first before contacting HMRC via phone or webchat were trialled over the last … [Read more...]

A typical Bellway streetscene Cheshire

March 21, 2024

Bellway partners with mortgage provider to support homebuyers at Poynton development

Housebuilder Bellway has partnered with Own New on a mortgage produce that will make it more affordable to purchase a new homes at its Copperfields development in Poynton. A new mortgage product, Own New Rate Reducer, could see buyers of new-build Bellway homes benefit from interest rates from … [Read more...]

Food price rises drive inflation back up

March 20, 2024

Latest fall sees inflation drop to lowest level in nearly two and a half years

The Office of National Statistics (ONS) has reported that February 2024 saw inflation fall to its lowest since September 2021, with its headline Consumer Price Index (CPI) now at 3.4%. The fall, down 0.6 percentage points on January's figure, has helped largely by a slowdown in food and drink … [Read more...]

£660 million Northern Powerhouse Investment Fund II launches

March 20, 2024

£660 million second Northern Powerhouse Investment Fund launches

Small businesses in Stockport and across the North of England are set to benefit from the launch of the new £660 million Northern Powerhouse Investment Fund (NPIF) II from the British Business Bank. Since the launch of the first Northern Powerhouse Investment Fund in 2017, it has delivered over … [Read more...]

Cheadle lender Together to create 100 new jobs

March 18, 2024

Cheadle lender launches first development securitisation

Cheadle based non-bank property lender, Together, has announced the launch its first securitisation facility for property development lending. The £150 million ADALO Asset Backed Securitisation will support development customers in helping to achieve UK government target for building new homes. … [Read more...]

EZ Hampers' Lisa Storey is among the region's entrepreneurs over 50 to have access financing through the Start Up Loans scheme

March 13, 2024

Start Up Loans provide £16.1 million boost to North West entrepreneurs over 50

Entrepreneurs aged 50 and over have secured more than £140 million in Start Up Loans from the British Business Bank since 2012, with more than £16.1 million going to those based in the North West. The programme has supported 13,422 loans, at an average of £10,427. In the North West, 1,549 Start … [Read more...]

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