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North West sees modest growth in business activity in July

Business activity in the North West continued to rise in July, according to the findings of NatWest's latest regional PMI survey. The headline North West PMI Business Activity Index registered 51.9 in July, down slightly from June, but remaining above 50.0 threshold, below which indicates a … [Read more...]

Interest rates rise to 15 year high

The Bank of England has raised its base interest rates to 5.25%, their highest level in 15 years as it continues to respond to high inflation. The latest 0.25 percentage point rise represents the fourteenth consecutive decision by the Bank's Monetary Policy Committee to increase the base rate of … [Read more...]

Profit warnings fall across North West’s listed companies

The number of listed companies in the North West issuing profit warnings during the second quarter of 2023 fell by nearly half on the previous quarter, according to EY-Parthenon's latest profit warning report. Just five listed businesses in the region issued profit warnings between April and June … [Read more...]

Together donates £1 million to charity in 2023

Cheadle-headquartered specialist lender Together has announced it has donated over £1 million to charity in the 2023 financial year. The funds, donated to local charities across the region, have been used to support a range of projects, from new affordable housing for young people facing … [Read more...]

Inflation fell to 7.9% in June

The annual rate of inflation fell to 7.9% in June, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The measure of price changes found that the cost of the ONS' basket of goods had increased 7.9% on where it was last year, but just 0.1% on … [Read more...]

Senior promotion at Cheadle lender

Cheadle based lender, Together, has announced the promotion of Chris Baguley to Group Channel Development Director. Previously Managing Director of Corporate at the lender, his new role will see him lead on taking the financial services group into new markets and raise greater awareness of the … [Read more...]

May GDP data reveals stagnation in UK economy

The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]

Former NatWest boss joins Cheadle lender

Former Managing Director of Corporate Banking in the North for NatWest, Richard Topliss, has joined the Cheadle based lender, Together. He brings more than four decades of banking experience to the specialist lender where he will act as a consultant to its corporate team. First joining NatWest in … [Read more...]

Cheadle lender prices residential mortgage backed securitisation

Cheadle specialist lender, Together, has announced the pricing of its £425.5 million residential mortgage backed securitisation (RMBS). The 1st charge only RMBS is the lender's eighth successful securitisation since 2017, and only Together Group's eleventh mortgage backed securitisation overall. … [Read more...]