Potential buyers are showing interest in one of the UK’s most significant ports as Brookfield Asset Management prepares to sell PD Ports for £1.2 billion. Investment banks have started identifying prospective buyers for Teesside-based PD Ports, which also operates in Felixstowe, Hull, and Immingham in Lincolnshire. The South Tees Development Corporation (STDC), chaired by Lord…
The government is urging banks to enhance the amenities offered at shared hubs intended to bridge the void left by the closure of many bank branches, following criticisms that these hubs are falling short. Tulip Siddiq, the economic secretary to the Treasury, addressed the banking industry in a letter stating that “gaps remain,” and added:…
Founded in 1836 by the youthful Charles Geach to serve Birmingham’s burgeoning industrial sector, the banking institution has evolved significantly over the past two centuries. Originally known as Midland, it has now become the UK retail banking division of the major global player, HSBC. The bank’s modern headquarters, a striking ten-storey structure in Centenary Square,…