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People on the move: key North East appointments of the week
Durham City law firm Swinburne Maddison LLP has appointed five new lawyers to its team. The commercial property team has welcomed Diane Hall, who has more than 10 years of experience in residential and commercial property, while Manny Thandi joins from another regional law firm and works with clients in the retail sector. Laura Dorée …
Business
Sky News
Santander in talks about swoop on £14bn abrdn private equity unit
An arm of Santander, the Spanish banking giant, is in talks to swoop on the £14bn private equity unit of abrdn, the British fund manager.Sky News has learnt that Santander Asset Management is one of a small number of parties vying to buy the business from abrdn. Sources said a deal was expected to be …
Business
Business Live
Unlocking the benefits of equity release
We covered some of the mis-selling practices of equity release last week. Let’s look at where the possibilities lie. For some, equity release is a great idea, for a salesman looking for a commission, it can be ‘made’ into a good idea. Over the next couple of weeks, I’ll give you a good run down …
Business
Business Live
Harland and Wolff’s Belfast yard completes first barge destined for River Thames
The first barge to be fabricated at Harland and Wolff’s Belfast shipyard as part of a major contract with Cory Group has passed muster. The London-based barge operator signed off on the hull of vessel which is one of 23 which will roll of the production line at the iconic shipyard. Signed across two deals …
Business
Evening Standard
NatWest profits jump but CEO Alison Rose admits: It’s high anxiety time.
NATWEST made its highest profits since the financial crash and chief executive Alison Rose also cashed in, with a leap in pay from £3.6 million to £5.2 million.The 33% jump in profits to £5.1 billion, the best since 2007, is likely to attract attention alongside the rise in executive pay amidst a cost-of-living crisis that …
Business
Evening Standard
RCN warns fresh strike will have ‘significant impact’ on NHS
The Royal College of Nursing (RCN) has warned its fresh strike action will have a “significant impact” on the NHS, as it urged Prime Minister Rishi Sunak to intervene to settle the dispute over pay and staffing.The RCN has announced walk-outs at more than 120 NHS employers in England in a significant escalation of its …
Business
Sky News
UK energy producer of French energy giant profits £1.1bn
Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit.While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss …
Business
Business Live
Energy giant EDF’s profits up in the UK due to higher prices
Energy firm EDF has revealed that core profits in its UK business bounced higher as it charged more for the energy it produced. The French state-backed utilities giant, said profits before tax, interest and one-off items lifted to £1.12bn for 2022 in the UK, following a loss of £21m in the previous year. EDF, which …
Business
Evening Standard
New role for ex-Serco boss Rupert Soames
Former Serco boss Rupert Soames has been named as the new chair of medical technology manufacturer Smith & Nephew.He will join the Smith & Nephew as a non-executive director in April and take on the role of chair from 15 September.Soames replaces Roberto Quarta, who has reached the end of his tenure as chair and …
Business
Sky News
Steel tycoon Gupta embroiled in dispute over Aartee administration
The steel tycoon Sanjeev Gupta has sparked a row over the administration of one of his biggest British customers after launching an attempt to take control of it.Sky News has learnt that Mr Gupta’s GFG Alliance has acquired control of a Singapore-based company called Aartee Group Pte Limited which is an indirect shareholder in two …
Business
Business Live
Michelin-starred Lake District restaurant up for sale with £1.25m price tag
A Michelin-starred Lake District restaurant has been put up for sale with a £1.25m price tag. The Cottage in the Woods is located in Whinlatter Forest, near Braithwaite, and also includes nine bedrooms. Its Michelin star was first awarded in 2019 and is led by head chef Sam Miller. READ MORE: Click here to sign …
Business
Evening Standard
NatWest sees profits jump by a third and returns annual bonus for bosses
NatWest Group has said its profits surged by more than a third to reach £5.1 billion last year, as it revealed its chief executive received a pay packet totalling £5.25 million.The British banking giant took in more income in 2022 as it ramped up mortgage lending amid a higher interest rate environment.But boss Dame Alison …

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