MBNA Europe sets aside £406m for PPI redress

Chester-headquartered MBNA Europe, the European credit card arm of Bank of America, has set aside £406m to cover the cost of compensation to victims who were mis-sold payment protection insurance (PPI). New documents have also revealed the company's lending fell 10 per cent last year, but it posted a strong return to profit.   READ MORE...

Gala Coral pays out for Cumbrian bookie

Cumbrian bookmaker Chas Kendall, which reported sales of £66m last year, has been bought by betting giant Gala Coral Group in a multimillion-pound deal.   Read More...

Assist Recruitment merges with rival

Liverpool-headquartered Assist Recruitment has merged with Bury-based rival HC Recruitment to form one of the largest industrial recruiters in the UK.   Read More...

Finance facility to boost ChloBo rollout

Chester jewellery brand ChloBo, worn by the likes of Cheryl Cole and Coleen Rooney, is set for national expansion after securing a financial support package from NatWest.   Read More...

BAE Systems jobs axe a 'hammer-blow' for economy

Defence giant BAE Systems' decision to cut more than 1,400 jobs in the North West has been described as a "devastating" blow to the region's advanced manufacturing industry.   Read More...

Defence cuts hit Morson as profits fall

Manchester recruitment and engineering business Morson Group this morning said the government's cuts in the defence industry hit trading during the first half of the year, with pre-tax profits falling by almost 41 per cent.   Read More...

Caldeira mulls manufacturing shift after annual loss

Soft furnishings company Caldeira is considering shifting some of its manufacturing operations from China back to its headquarters in Merseyside as increasing labour costs and high interest charges continue to squeeze margins.   Read More...

Begbies insolvency revenues to meet expectations

Begbies Traynor's chairman Ric Traynor will today tell shareholders that the trading in the company's insolvency and restructuring division – which accounts for 90 per cent of revenues – has been in line with expectations during the first quarter.   Read More...

DevSec buys £7m Manchester student block

Development Securities has acquired its first building in the student housing sector through Accrue Manchester, a joint venture with Accrue Student Housing.   Read More...

Funding deal for Lake District hotel

Work is underway to develop an 80-bedroom hotel in the Lake District after the owners secured a multimillion-pound funding package from Yorkshire Bank.   Read More...

Hat-trick celebrated at Castlefield House

Castlefield House, the newly refurbished 32,000 sq ft office building on Liverpool Road in Manchester, has secured three new tenants in a spate of deals that takes its occupancy from 47 per cent to 85 per cent let.   Read More...

BBC ups Creative Kicker fund for indies

Cobbetts opens Manchester Science Park office

Redbridge makes the Bruntwood list

PKF appointed on Print Hotel

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