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Hayward Wright has appointed a manager to support national expansion. Mia Mahoney joins from Gowling WLG after the accountancy group broadened its footprint through acquisitions in Birmingham and Yorkshire.
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ENRC has settled litigation linked to Britain’s abandoned corruption investigation. The confidential agreement with the Serious Fraud Office and Dechert closes a long-running dispute over conduct surrounding the former criminal probe.
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British banks are pledging riskier assets for central bank liquidity. Level C collateral used through the Bank of England’s long-term repo facility has risen sharply as lenders adapt to a financial system with fewer abundant reserves.
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British Business Bank will anchor Zinc’s new deep-tech investment fund. The Bank has agreed up to £46m for a £70m vehicle targeting 80 science-led companies across health, environment, engineering, biology, and AI.
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Twenty-one financial institutions are building a new global stablecoin venture. Lloyds Banking Group has joined banks and investment groups planning a regulated dollar-denominated product for launch in the first half of 2027.
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Three takeover deals have intensified pressure on London’s listings market. Bodycote, Gamma Communications, and Capricorn Energy have moved towards board-backed transactions, extending the flow of quoted UK businesses into private or overseas ownership.
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UK borrowing costs have climbed to fresh multi-year market highs. The 10-year gilt yield has reached around 5.27%, increasing pressure on fiscal headroom and the financing benchmark used across corporate debt, property, infrastructure, and transactions.
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Prudential reported stronger new business profit and higher shareholder returns. First-half new business profit reached $1.384bn as margins expanded, with an additional roughly $300m share buyback also announced.
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Berlin will meet UniCredit directly over its Commerzbank takeover push. The September meeting marks Germany’s first formal engagement with chief executive Andrea Orcel during the two-year banking consolidation battle.
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Basware has agreed to acquire payment-fraud specialist Trustpair this year. The deal extends invoice automation into supplier-account verification as generative AI increases the sophistication and scale of payment fraud.