Xeinadin Group, the professional services group which includes Hallidays in Stockport, has announced new appointments in its Corporate Finance Team. The appointment marks the latest development in the growth of Xeinadin Corporate Finance, a dedicated division that brings together corporate … [Read more...]
News for: Finance
insight6 explains the the new FCA Consumer Duty and what it means for the finance industry
With the Financial Conduct Authority's (FCA) new Consumer Duty requiring financial services companies to adopt a more client-centric approach, customer experience specialists from insight6 explain what this means for affected businesses and how to get the most out of the changes. The FCA's … [Read more...]
Stockport corporate finance advisor to relocate after record 2022
Stockport based corporate finance advisor La Salle Corporate has announced it will relocate to new premises in Didsbury after 10 years in the town. The move follows a record 2022 and will see the corporate finance advisor move from Stockport to larger premises in the South Manchester suburb to … [Read more...]
Growth capital investor celebrates record year of exits from North West portfolio
Growth capital investor BGF has reported that 2022 was a record year for realisations in the North West, with three successful exits from businesses. In 2022, the investor exited Didsbury-based St Pierre Group following its acquisition by Mexican food manufacturer, Grupo Bimbo, after originally … [Read more...]
Inflation slowed slightly in December, latest ONS figures reveal
The latest Consumer Price Index (CPI) data for December has been released by the ONS, showing that the annual rate of inflation slowed slightly on the previous month but remains in double figures. Analysis of prices for a range of consumer products shows that goods cost on average 10.5% more in … [Read more...]
Together appoints new Commercial Credit and Risk Director
Cheadle-based specialist lender Together has announced the appointment of Martin Souter as its Commercial Credit and Risk Director. With over two decades of financial services experience, including 16 years in corporate banking at Barclays, Martin will be responsible for overseeing credit risk, … [Read more...]
Vernon commits to Stockport high streets with branch refurbishment programme
Stockport mutual, Vernon Building Society, has begun a process of refurbishment of its high street branches throughout the borough. The investment cements the building society’s commitment to maintaining a high street presence in local communities across the borough where it can provide … [Read more...]
SMEs forecasting 10% growth in profits in 2023, finds HSBC
Research by high street bank, HSBC, has revealed that UK SMEs are forecasting increases in profits and revenues in 2023 despite economic woes. Amid the threat of a recession, more than one in three business owners (38%) are forecasting a 10% jump in profits, rising to two-thirds (67%) for the … [Read more...]
Stockport B2C sector invited to boost financial resilience
B2C businesses in Stockport are invited to join a free financial resilience seminar to help access support through the cost of living crisis. Aimed at businesses of all shapes and sizes that provide everyday essential retail products and services to the public, such as cafés, hairdressers, … [Read more...]
Late payment problems eased at end of 2022, finds insolvency trade body
Analysis by insolvency trade body, R3, has found that the number of overdue invoices has fallen for businesses in the North-west. R3's analysis of Creditsafe data, released at the end of December 2022, found that the number of outstanding invoices owed to firms in the North-west fell 32.1% … [Read more...]
Cheadle lender appoints director of intermediary sales
Cheadle based specialist lender, Together, has announced the appointment of Tanya Elmaz as director of intermediary sales within its commercial finance division. After working at Together for seven years, with 20 years of experience within financial services, Tanya will lead and develop the … [Read more...]
Post-Brexit rules for business subsidies come into effect
Following the UK's exit from the European Union (EU), new rules governing how local authorities and national government can provide subsidies to business in need have come into effect. The new regime will give local authorities greater freedom to support key local industries or businesses in need … [Read more...]
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