England

HSBC ACQUIRES UK ARM OF US BANK TO PROTECT CUSTOMERS

Banking giant HSBC has bought the UK arm of collapsed US lender Silicon Valley Bank after the Government and Bank of England stepped in to “facilitate” a private sale. Chancellor Jeremy Hunt confirmed that all customer deposits have been protected under the deal, and that no taxpayer cash was involved. The deal comes after the

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PROFITS RISE AT EG GROUP AS SALES SURGE 25%

Profits at the billionaire Issa brothers’ retail and petrol station empire increased to almost $1.5bn during 2022, according to new figures. EG Group, whose brands include Cooplands, Cumberland Farms, Leon and Euro Garages, has posted an EBITDA of $1.46bn on a constant currency basis, up by 1.9% compared to 2021. The Blackburn headquartered group’s turnover

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FDM TO WORK UNDER MICROSOFT’S LEARN CAREER CONNECTED

FDM Group, a leading provider of technology and professional services has announced a global collaboration with Microsoft, positioning them as a Global Workforce Development Partner to the tech company. As a part of the programme, the FTSE 250 professional services firm is formally recognised as a premier solutions provider that can connect its customers with

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NETWORKING GROUP FOR WORKING MUMS OPENS NEW SOUTH WEST HUBS

A networking group for freelance and self-employed mothers across the South West has opened five new hubs. Freelance Mum was founded by former BBC Radio Bristol presenter Faye Dicker in 2013, as she looked to juggle her own parenting commitments with her voiceover work, and to support other parents in business. The group ran ‘netwalks’

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GREGGS SEE PROFITS ROCKET AFTER RECORD NEW STORE OPENINGS

New store openings and the growing popularity of Greggs in the evening have helped the high street bakery brand to generate sales of £1.5bn. A record 186 new shop openings during 2022 helped the Newcastle-based firm attract more customers close to pre-pandemic levels, it said in preliminary results published to the London Stock Exchange. Greggs

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FEMALE LEADERS GATHER FOR ROUNDTABLE EVENT

Female business leaders from across the UK came together in Birmingham this week for an inspirational roundtable discussion to mark International Women’s Day. Since 1911, International Women’s Day has celebrated the achievements and strength of women worldwide. This year’s theme is #EmbraceEquity and encourages people to imagine a gender equal world, free of bias, stereotypes,

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LEICESTER SHOPPING CENTRE GOES INTO RECEIVERSHIP

Highcross Shopping Centre, previously described as the flagship destination in the Hammerson property empire, has entered receivership. Global property specialists Savills stepped in as receivers at the Leicester shopping mall on February 9 according to letters posted last week to shops and business operating there. Tenants have been told Savills is involved solely with the

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