Law firm expands with Black Country launch
A Birmingham law firm has branched out by launching a new office in the West Midlands. Anthony Collins has opened a private client office hub in Wolverhampton which is being led by partner and childcare solicitor Madhur Sharma. The firm said the decision to establish the hub in Salop Street arose as a result of it wanting to increase the number of families it supported with specialist legal expertise and build on its work within the childcare field. The launch of the Wolverhampton office follows the firm being awarded an additional family legal services contract by the Legal Aid Agency. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. This complements the equivalent Legal Aid contract successfully held by Anthony Collins in Birmingham since the firm's inception 50 years ago. The new base adds to its Birmingham head office in Edmund Street and teams in Macclesfield and Manchester. Ms Sharma has worked in the Wolverhampton and Black Country area for more than two decades. She said: "One of our main goals as a client-centric, social purpose law firm is to make our support as accessible as possible. "This new office hub is essential to furthering this, bringing our services one step closer to more people and families to change their lives for the better. "The opening of an office in Wolverhampton has been an ambition of mine since joining Anthony Collins in 2019. "On a personal level, seeing this come to fruition is incredible and an opportunity for myself and the team to continue developing relationships and make a lasting, positive difference to communities I've worked with for most of my career." Jas Tamber, partner and head of the firm's childcare team, added: "This is a natural step in our mission to provide the best representation for as many children and families as possible. "We have one of the top childcare teams in the Midlands and the new office means more people will be able to benefit from our specialists' insight and experience.
Barclays shares could be set for 18% rise after profit beat, experts say
Analysts have reaffirmed their 'Buy' rating on shares of Barclays after the bank surpassed expectations with its recent results. The FTSE 100 lender reported a pre-tax profit of £8.1bn in 2024, exceeding the estimated £8.07bn, as reported by City AM. "We believe strong capital generation should support a higher valuation and plans to return more than £10bn over 2024-26 seem conservative," stated Peel Hunt analysts Robert Sage, Stephen Payne and Stuart Duncan. They further commented: "The six per cent rise in income, 24 per cent increase in profit before tax and double-digit return on tangible equity confirm that financial performance is stepping up. "The company guided for structural hedge income to increase a further £1bn in 2025, and market conditions for the investment bank currently appear supportive, especially in the US." Despite initial guidance remaining unchanged, they suggested the 12 per cent return on tangible equity goal seemed "increasingly realistic (if not conservative)." Barclays shares initially dropped by as much as five per cent following the results, but quickly rebounded as analysts labelled the dip a "temporary glitch." Peel Hunt subsequently increased its target price for the bank by 11.8 per cent to 359p, with the bank's shares trading above 300p on Tuesday morning. Barclays also announced a share buyback of up to £1bn during its annual results, expected to commence in the first quarter of 2025. According to analysts, "Share buybacks remain highly accretive not only to Barclays earnings per share but also to its tangible net asset value, to a significantly greater degree than Lloyds and Natwest, and in our view the continued prioritisation of buybacks is beneficial for equity holders." They also noted that Barclays has a "greater focus on buybacks than its two peers". The acquisition of Tesco Bank's retail banking business in November 2024 contributed to an increase in fourth-quarter income, with the lender experiencing a £0.6bn gain on the first day. Peel Hunt analysts commented: "Barclays never has been an expensive stock."
St Austell law firm moves to new flagship office
A Cornish law firm has expanded into a new flagship office in St Austell following a period of "significant growth". Charles French Solicitors, which also has offices in Truro and Newquay, has take space at St Austell Enterprise Park. The company said it made the move following demand for its services. The firm provides advice on commercial property, residential conveyancing, dispute resolution, family and matrimonial and wills, probate and trusts. Charles French, director of Charles French Solicitors, said: “It feels like a huge milestone to open our new flagship space in St Austell, which is more visible than our previous office. Being located within St Austell Enterprise Park shows our investment into the county, as we strive to grow and develop our teams. "As we continue to see increased demand in the requirement for specialist legal advice, we’re also planning for the future of the firm and so this new office allows us to ensure that we’re best placed for our predicted growth." LIKE THIS STORY? Why not sign up to get the latest South West business news straight to your inbox. The new office, at Bayview House on Treverbyn Road, has a mixture of informal working areas and break-out spaces, and formal meeting rooms, the company said.
BBC, ITV, BT Sport and Sky among broadcasters fined for breaking the law
The UK's prominent sports broadcasters have incurred fines totalling over £4m for engaging in illegal collusion to fix the pay rates of freelancers. Heavy-hitters such as BT, IMG, ITV and the BBC have all conceded to unlawfully exchanging confidential payment information and specifics aimed at suppressing production staff salaries, as reported by City AM. Sky managed to dodge a financial blow by proactively disclosing its role prior to the probe initiated by the Competition and Markets Authority (CMA). According to the CMA, from 2014 to 2021, these major media entities participated in at least 15 instances of illicit information swapping to deliberately keep freelancer pay low, thus stifling service competition. Internal communications within each company exposed direct conversations about preventing bidding wars and coordinating rates. With regards to penalties, both IMG and BT have been meted out fines of around £1.74m each, whereas the BBC and ITV are facing fines of £339,918 and £424,165, respectively. Skirting any sanctions under the CMA's leniency policy, Sky was exempt due to its early disclosure. Companies coming forward to the CMA were afforded reduced fines in exchange for their collaboration with the agency. Juliette Enser, CMA's Executive Director for Competition Enforcement, emphasized that businesses should independently decide on remunerations to promote equitable pay. She remarked: "Millions watch sports on TV each day, with production teams working behind the scenes to make this possible – and it is only right they are paid fairly. "Labour markets are important for economic growth as a whole. Good recruitment and employment practices help people access the right jobs where they're paid appropriately and make it easier for businesses to expand and find the workers they need." "Companies should set rates independently of each other so pay is competitive – not doing so could leave workers out of pocket. Employers must ensure those who hire staff know the rules and stick to them to prevent this happening in the future." The decision is anticipated to result in greater transparency regarding payment practices in the sector. Additionally, the CMA has concluded a separate probe into the broader TV production market, which included ITV, the BBC, and various independent producers. Although no penalties have been imposed at this stage, the regulatory body has cautioned firms to adhere strictly to competition laws.
East Mids Movers and Shakers: CPW, OTB, 1284, Cambridge and Counties, North Notts BID, PKF Smith Cooper, Lime Solicitors, Doorcerts, JDR Group
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Gordon Ramsay's TV company rakes in £60m as chef's empire continues to soar
Gordon Ramsay's production company, Humble Pie Productions, trading as Studio Ramsay, has reported a significant increase in turnover and continued profit growth in its latest financial year. The company posted a turnover of £60.6m for the 12 months to 30 June, 2024, alongside a pre-tax profit of £7.1m, as reported by City AM. This is a notable increase from the £43.1m turnover and £5.6m pre-tax profit achieved in the 18 months leading up to June 2023. The recent results, filed with Companies House, follow a reported turnover of £7m and pre-tax profit of £226,459 for the calendar year of 2021. Following a joint venture signed with Fox in September 2021, the company has been commissioned to produce shows such as Trailblazers for the BBC, Gordon's Food Stars of Fox and Next Level Chef for both ITV and Fox. Studio Ramsay stated that these commissions have "significantly contributed to the significant increase in the turnover during the period". The London and Glasgow-based company also noted that the decrease in its gross profit margin, from 27 per cent to 18 per cent, was "driven by the increase in productions during the year." Furthermore, it highlighted that "the high margin achieved from the distribution and participation revenue streams have little or no costs of sale". Other productions by the company include Gordon Ramsay's Future Food Stars, Gino's Italian Family Adventure, and The F Word. In May 2024, City AM reported Gordon Ramsay’s restaurant turnover for the year leading up to August 27, 2023, was £95.6m, a significant increase from the previous year's £78.9m. However, pre-tax losses also increased from £1m to £3.4m during the same period. The group has stakes in 56 restaurants, including 34 in the UK and 22 licensed locations across Europe, the Middle East, and Asia. These include Gordon Ramsay's flagship restaurant, the three Michelin-starred site on Royal Hospital Road, London, and the one-starred Petrus. The group also operates three restaurants at the Savoy Hotel, which includes the one-starred 1890 by Gordon Ramsay, and two Lucky Cat by Gordon Ramsay restaurants in Mayfair and Manchester. In July 2024, City AM also reported that Gordon Ramsay had partnered with Rupert Murdoch's Fox Corp to invest $100m (£77m) in HexClad, a manufacturer of nonstick cookware. This deal resulted in Studio Ramsay acquiring a minority stake in the business.
East Mids movers and shakers: Alphageek, Medilink Midlands, Pick Everard, ConSpare, Intercede, Ultra Events, Loughboroug
Octavian Security: Nottinghamshire-based security protection firm Octavian Security UK has made a quartet of senior appointments (pictured above). Kiran Ghuman has been named as the new managing director while Anoop Dhaliwal joins as director of business development. Hannah Foody joins as business development manager, coming from a legal background, most recently a private client advisor at Taylor Rose in Birmingham, while Bilal Ahmed joins as finance director. Bilal joined Octavian after completing a fixed term contract at the Arts Council England as senior officer, financial and risk analysis. Ultra Events: Castle Donington mum-of-one Rebecca Barton has joined Ultra Events as an event organiser. Derby-based Ultra Events organises fundraising challenges such as ballroom dancing, boxing matches, stand up comedy and overseas adventures for worthy causes. Rebecca, who is 33, challenged herself to Ultra Ballroom back in April this year, raising money for Cancer Research, after finding out she carried the BRCA1 breast cancer gene. She will undergo a double mastectomy and reconstruction surgery. Now, she has been recruited to mentor competitors, motivate them to achieve their personal goals and their fundraising aspirations. She said: “Cancer Research is really special to me. When I first took up the challenge, I had an amazing experience and after 8-weeks of training, I was in the best shape of my life. “To have the opportunity to help other people complete the experience is amazing.” Alphageek: Derby digital marketing agency Alphageek has made three key appointments to its expanding team. Jessie Mae Lambert has been hired as internal marketing manager at Alphageek Digital, based in Century House, Friar Gate, after working as a content marketing lead for Driving Test Success, in Rugeley. The former Allestree Woodlands School pupil is joined by paid social executive Kate Pham, who recently graduated with a master's in digital marketing from Nottingham Trent University. Katie Dillingham has been appointed organic social media executive, after completing an apprenticeship with Althaus Digital. Alphageek, which currently employs 23 members of staff, offers a whole range of digital marketing including paid online advertising, SEO, pay-per-click campaigns, web design and development, content creation and brand amplification services. It has recruited 10 new team members so far this year and is advertising further positions, including a PPC manager and a paid social executive. Medilink Midlands: Christian Kumar, the chief executive of Medtech Makers Lab, has been appointed entrepreneur in residence for Nottingham-based Medilink Midlands. Christian has extensive experience in corporate finance, investment banking and wealth management, gained over three decades involved in driving strategic growth for various enterprises. Medilink Midlands is the industry association for life science businesses in the Midlands, and Medtech Makers Lab works with governments, foundations, accelerators and academia to scale global technology. It is based in Towcester, Northamptonshire. Christian said: “The Entrepreneur in Residence programme is designed to facilitate innovation, providing support and a tactical roadmap for innovators in the Midlands. “I’m delighted to be engaging with Medilink Midlands and only too pleased to be able to put my knowledge and experience to excellent use.” Pick Everard: Pick Everard has appointed a new director of civil engineering. Max Thurgood brings with him 31 years of experience in civil engineering construction, including in rail, stadia, education, healthcare and housing. That has included time in Abu Dhabi, where he worked as a contract manager on the Yacht Club and Harbour Masters Office, part of the Yas Marina Racing circuit. An Institute of Civil Engineers (ICE) fellowship member, Max’s responsibilities will be to lead and develop the civil engineering team, growing it nationally. Max’s career has also seen him deliver several schemes and charitable pro bono engagements in Myanmar, supporting UN endeavours that help elevate social standing and value in the region. As well as supporting recruitment in his new role, he will also be working alongside key partners – developing effective business strategy and enhancing day-to-day operations. ConSpare: James Bullock has been made chief executive of ConSpare, after 28 years as the managing director of Sutton-in-Ashfield-based concrete batching plant equipment and spare parts supplier. In his new role Mr Bullock, who has been with the business for 40 years, will help reorganise and streamline the business while planning future growth. Mr Bullock said: “I have been proud to serve as the managing director of ConSpare for almost three decades, and to have taken on the mantle of the family business from my father alongside my brother David. “The business has grown substantially recently, and we’ve adopted a much greater focus on sustainability and reducing the carbon footprint of the concrete industry. “Having more than 40 years of experience in the industry means that I’m in a strong position to help affect change, and I’m relishing the opportunity to tackle a slightly different challenge over the coming years.” Loughborough University: A Loughborough alumnus, who now works as a director for a leading construction business, has returned to the university as a visiting professor. Peter Jones, the technical and operational efficiency director at Skanska, has been awarded the honorary appointment in construction operation excellence within the university’s School of Architecture, Building and Civil Engineering. The role, which is for an initial three-year period, will help ensure the university’s research and teaching programmes are relevant to the current needs of industry. Dr Jones has worked at Skanska for almost two decades – starting off as design director in 2005 before taking up roles including technical director and head of design management. He has also held roles within the Department of Trade and Industry and HMRC. Gateley Legal: Gateley Legal has grown its Nottingham construction team to nine legal professionals servicing the East Midlands region following four new appointments. Della Copley joins as a senior associate, having spent five years at Geldards LLP. She has a strong construction background, specialising in contentious matters including dispute resolution methods such as litigation, adjudication and arbitration. Catherine Everington completed her training at Gateley Legal and spent a year with the construction team before joining Shakespeare Martineau for 18 months. She re-joins the Nottingham team as a solicitor and will work closely alongside legal director Charles Jakeman to support clients with the Government’s developer remediation contract, as well as core development matters. Miriam Forman and Davis Barwell join as trainee solicitors and will support the team with contentious matters for housebuilder, developer, contractor and subcontractor clients, as well as managing construction documentation for major projects. The four new appointments join partner Piet van Gelder, legal director Charles Jakeman, solicitors Jaclyn Nelson and Ryan Ball and paralegal Beth Eady. Aon: Professional services firm Aon has strengthened the team in its Leicester office with nine promotions and appointments. Leading the promotions is Paul Winrow, who has been promoted to head of office. Paul has a career spanning 22 years, most recently as client management director. Daryl Burgess, who has 25 years’ industry experience, has been promoted to client director and will manage the insurance programmes for clients across the private and public sector, including those with a global presence. Katie Millward has been promoted to client service manager and Victoria Brett to client service specialist. In addition, there have been five appointments. Laura Jennings joins as business development manager, Gunjan Pancholi as broking manager, Mathew Undenge as client manager, Adam Waterstreet as claims management executive, and Lynton Hinds as client service adviser. Aon works with Leicestershire-based clients from SMEs to large corporates, providing commercial risk, health, reinsurance and wealth support. trentbarton: East Midlands bus company trentbarton has welcomed Amber Fairweather as its new marketing and communications assistant. Amber has joined from an account manager role at the news publisher National World. Prior to that she was a wholesale and corporate business development team leader at the Derbyshire artisan doughnut bakery Project D. She will work alongside Scarlet McCourt, who earlier this year was promoted to be trentbarton’s marketing and communications manager. Amber, who lives in Long Eaton, said: “As a public transport rider myself I am proud to be part of the really good bus company.” Ideagen: Nottingham-based global software company Ideagen has appointed John Molamphy as its new chief technology and product officer. John will be responsible for driving Ideagen's product innovation strategy including exploring future opportunities for AI and other emerging tech. With over two decades of experience in the technology industry, John has held CTO, COO, VP product & engineering and other senior roles at prominent companies such as Verizon Connect, Fleetmatics, Dell and Office Depot. Ideagen CEO Ben Dorks added: "John is a highly experienced and respected leader in the technology industry, and I am delighted to welcome him to Ideagen.” Roythornes Solicitors: Top 150 law firm Roythornes Solicitors has welcomed three experienced professionals to its offices in Nottingham and Birmingham. In Nottingham, Craig-Staten Spencer takes on the role of principal lead for tax and trust administration, alongside senior associate Chris Chan who has returned to private practice to continue to specialise in property litigation following a stint working in-house. On the other side of the Midlands, Claire Langford arrives in Roythornes’ Birmingham office as head of residential conveyancing, where she aims to grow a team driven by providing a high-quality personal service. Hallam: Full-service digital agency Hallam has expanded its paid media team with a mix of new hires and internal promotions. Simran Harichand and Amani Majed have been promoted to senior paid media consultant roles and Maria Paschalidou has been hired by the firm. This year Hallam was named “best integrated search agency” at both the European Search Awards in May 2023 and the Global Search Awards in July, closely followed by a win at the European Paid Media Awards this September. Jack added: “It’s been a really exciting year for our team – it’s a testament to their hard work to ensure our clients are getting the best from their budget. “The award wins, promotions and team expansion are a perfect reflection of the efforts put into each and every campaign we deliver.” Intercede: Lutterworth-based digital identity, credential management and secure mobility specialist Intercede has appointed Daniel O'Brien to its board as a non-executive director. Mr O'Brien brings more than 30 years' experience in financial roles across successful listed, PE backed and privately owned international organisations. He studied at the Cambridge prior to qualifying as a chartered accountant at Deloitte in 1991 where he spent eight years working in audit assurance.
Shortlist revealed for 2024 Birmingham Law Society Legal Awards
More than 60 individuals and law firms have been shortlisted in an annual awards. The Birmingham Law Society Legal Awards 2024, which returns next month, has announced this year's finalists, with multiple nominations for Weightmans, Aston University and St Philips Chambers among others. The 14 categories feature three new ones for 2024 - outstanding student contribution, legal PA and junior barrister (scroll down for the full shortlist). Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Now in its 22nd year, finalists will be interviewed by a panel of legal sector experts and business leaders ahead of the ceremony at Birmingham's ICC on March 14. Birmingham Law Society president Alice Kinder added: "I would like to congratulate every individual and organisation shortlisted for an award. "The shortlist not only showcases the vibrant range of talent in Birmingham but also places our city on the map as a dynamic and influential legal hub. "This year's awards reflects our commitment to recognising the diverse contributions made by professionals from all backgrounds and set an inspiring precedent for the future of our legal community." The judging panel for the awards was led by Jabeer Miah, president of Northamptonshire Law Society. He said: "It has been a pleasure for me and my colleagues to read and consider the entry submissions for the 2024 Birmingham Legal Awards. "All entries were of high quality and the work being undertaken in Birmingham is commendable and really impressed the judges. "Entrants should be proud of their submissions and it took the judges a lot longer than expected to finalise the shortlist, albeit the judges enjoyed learning of the great work the Birmingham legal community is undertaking." Outstanding Student Contribution of the Year Gurpreet Chaggar, Aston University Ruqayya Kalsoom, Aston University Dana Burdan, Newman University Anmol Virdi, The University of Birmingham Law School Eleanor Ford, The University of Law Apprentice of the Year Hollie Ingram, Browne Jacobson Caira Baker, Capsticks Solicitors Ellie Brookes, Pinsent Masons Jai Akhurst, Squire Patton Boggs Tom Reeves, Weightmans Trainee Solicitor of the Year Isabella Davies, Anthony Collins Solicitors Hannah O'Brien, Bevan Brittan Drew Wilson, Gateley Legal Sarah Hall, Squire Patton Boggs James Statham, Weightmans Paralegal of the Year Carrie Hu, Chase Morgan Solicitors Dalbinda Gill, DWF Bria Hampson, Shoosmiths Lily Emmet, Weightmans Rikesh Chauhan, Weightmans Legal PA of the Year Carol Page, Chase Morgan Solicitors Dawn Baggott, DWF Jodie Beckett, Eversheds Sutherland Jemma Jackson, Tenet Compliance and Litigation Kathryn Frost, Weightmans Solicitor of the Year Marie Kilgallen, Irwin Mitchell Shereen Johal, Shoosmiths Jo Tunicliff, Shoosmiths Joel Blake, The Wilkes Partnership Soyod Yasin, Wildings Solicitors Junior Barrister of the Year (ten years' call and under) Grace Gwynne, No5 Barristers' Chambers Bethany Armitage, St Philips Chambers Chevan llangaratne, St Philips Chambers Matthew Cullen, St Philips Chambers Callum Church, St Philips Chambers Barrister of the Year (over ten years' call) Omar Sherif Ensaff, No5 Barristers' Chambers Jason M Hadden, St Ives Chambers Ali Tabari, St Philips Chambers Sophie Garner, St Philips Chambers Elizabeth Hodgetts, St Philips Chambers Partner of the Year Adam Maguire, Clarke Willmott Marissa Jacquet-Smoothy, Grove Tompkins Bosworth Emma Rush, Irwin Mitchell Emma Louise-Hewitt, Sydney Mitchell Maryam Storr, Weightmans In-House Lawyer of the Year Sophie Samani, Henderson & Jones Laura Stockin, Legal Ombudsman Baljinder Singh-Atwal, West Midlands Police Equality, Diversity and Inclusion Award Birmingham Black Lawyers Bila Law Academy Gateley Legal Pinsent Masons Weightmans Pro Bono Award Birmingham City University Law Clinic Birmingham Law School's Pro Bono Group Family Advice Midlands Shoosmiths & University of Law Small Business Advice Line Partnership The Litigation Programme Regional Law Firm of the Year Chase Morgan Solicitors Davisons Law Roythornes Solicitors The Wilkes Partnership Wildings Solicitors National Law Firm of the Year Bevan Brittan Gateley Legal Shakespeare Martineau Shoosmiths
Weightmans expands cybersecurity business into North America
Liverpool-based law firm Weightmans is expanding its cybersecurity business CyXcel with a permanent base in America. The firm said that the cybersecurity, breach management and transformation consultancy has exceeded its strategic objectives and seen rapid growth across an international client-base overseen since being launched last year. Now it will establish a North American operation with a specialist team aiming to replicate the services it has offered in the UK. Read more:Growth Hub boss highlights importance of skills Go here for more North West business news John Schorah, managing partner at Weightmans, said: “We are delighted that after a strong first year, CyXcel is expanding rapidly with the opening of a new operation in North America. Our investment in CyXcel reflects not only the increased global demand for cyber technical services but also the firm’s growing stature on the world stage as a pioneer of solutions to the broader business challenges faced by our clients.” Edward Lewis, managing partner and co-founder of CyXcel, said: “We are now in a very strong position to leverage the success CyXcel has already seen in the UK and Europe since launch, and replicate it in North America, the biggest cybersecurity market in the world. This presents a huge opportunity to realise a market leading position, and I must thank both Weightmans and our fabulous team for laying such solid foundations in making our global ambitions possible.”
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