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3i Group plc

Tue, 22 May 2012 09:00:01 +0100

Chief Executive Appointed - Future Investment Strategy
3i Group plc has appointed Simon Borrows to succeed Michael Queen as Chief Executive Officer with immediate effect. His immediate focus will be to shape 3i's future investment strategy. Sir Adrian Montague is 3i Chairman

Simply Biz Plc

Tue, 22 May 2012 08:47:09 +0100

Mortgage and insurance expansion - head of business development appointed
SimplyBiz has appointed Makayla Everitt to the newly-created role of head of business development for its mortgages business. The company is expanding its mortgage and general insurance services, with new initiatives planned in 2012. 2010 turnover £12m, 142 employees.

EMC ADVISORY SERVICES LIMITED

Tue, 22 May 2012 08:34:25 +0100

140 jobs created - business expansion strategy
Financial claims management company EMCAS has doubled the size of its Devon workforce to 282 over the past 12 months after opening a new office in Exeter. Demand from consumers who have been mis-sold financial products has increased and the company has developed and launched new specialist services.

Ulster Bank, Limited

Mon, 21 May 2012 08:35:45 +0100

950 redundancies - restructuring strategy
Ulster Bank, Ltd, a subsidiary of Royal Bank of Scotland has agreed severance terms for 950 redundancies being made as part of a restructuring strategy. The bank plans to close branches and reduce front desk and back-office operations.

Neptune Investment Management Limited

Mon, 21 May 2012 08:33:16 +0100

Sales team restructured - head of strategic partners appointed
Neptune has continued to strengthen its sales team with the appointment of Andy Larkin as head of strategic partners. The firm has reviewed its UK retail sales team and appointed Adam Hughes as head of UK wholesale. The restructuring is expected to provide a better service for clients across the UK. 2010 turnover £80.9m, 92 employees.

Terra Firma Capital Partners Limited

Fri, 18 May 2012 10:32:13 +0100

Natural gas supplier company sold for 19m
Private equity owner Terra Firma is selling Belfast headquartered Phoenix Supply, the largest natural gas supplier in Northern Ireland, to energy giant SSE Plc for 19.1m. The company has 130,000 customers. SSE has agreed a deal through its wholly-owned subsidiary Airtricity Energy Supply (Northern Ireland) to buy the entire issued share capital in Phoenix Supply and to purchase Phoenix Energy, which supplies gas in the Republics deregulated commercial supply market.

JP Morgan Plc

Fri, 18 May 2012 08:04:55 +0100

£1.2bn trading loss - Chief investment office manager retiring
JP Morgans has made a £1.2bn trading loss for the year to December 2011. Chief investment office boss Ina Drew has taken early retirement. she has offered to resign on several occasions after the office made huge losses. Jamie Dimon is the chief executive.

HSBC Holdings PLC

Thu, 17 May 2012 08:38:08 +0100

Closing Lincolnshire branch - fall in demand for service
HSBC Bank is closing its branch in Woodhall Spa, Lincolnshire, due to a decrease in customers using it. All staff employed at the branch will be redeployed to other branches including Horncastle and there will be no redundancies.

Permira Advisers LLP

Thu, 17 May 2012 08:35:05 +0100

£2.5bn takeover bid - UK frozen food producer for sale
Surrey based British brand Birds Eye, owned by current private equity business Permira, has been the subject of a £2.5bn takeover bid by Thailands Charoen Pokphand Foods ,which has offices in Worcestershire and a factory in Newmarket, Suffolk. Rival offers have been made by private equity giants Blackstone and BC Partners. The bids are as a result of Birds Eye being put up for sale in March 2012.