Corporate Finance News

Evelyn Partners’ assets under management (AUM) increased by £3.9bn in 2024 to a record £63bn, as the firm focused in on his wealth business, its annual report has revealed. During the year, Evelyn Partners announced it was selling its professional services and fund administration businesses, which were excluded from the financial results #evelynpartners #assetsundermanagement #wealth #investment

The chief financial officer (CFO) at Thames Water, Alastair Cochran, has announced that he will step down from the role at the end of the month. Cochran, who joined the water company in September 2021, will also step down from his position as an executive director and from the Thames Water board #thameswater #utilities #chiefinancialofficer #cfo

WHSmith has agreed to the sale of its high street business to Modella Capital for an enterprise value of £76m. As part of the deal, the retailer’s 480 UK high street stores will rebrand to TGJones, following a "short transitional period", with all employees moving under Modella’s ownership #whsmith #retail #modella #investment

Sage has appointed Jacqui Gartin as its new chief financial officer (CFO), after Jonathan Howell announced his intention to step down from the role. In line with the group’s succession plans, Gartin, who is currently group financial controller at EVP, will start in the role from 1 January 2026 #sage #chieffinanicalofficer #cfo #appointment

With technology set to have an increasing role within the governance sector, its utilisation and implementation can also allow for companies to focus on key areas that require attention, such as policy refinement, risk management, and education and training, with tools such as AI streamlining manual and time-consuming tasks within the governance journey. The UK venture capital (VC) funding landscape in early 2025 is presenting a “mixed yet encouraging scenario”, according to GlobalData Plc. While VC deal volume has seen a slight decline, the increase in deal value signifies a “robust interest in quality startups”, analytics firm said #globaldata #venturecapital #investment #finance

AJ Bell has agreed to sell its Platinum SIPP and SSAS business to Investacc for a deal worth up to £25m. The consideration will comprise £18.5m upon completion, made up of £17.5m in cash and £1m worth of new InvestAcc shares #ajbell #sipp #ssas #investacc

Next has upgraded its full-year profit before tax guidance by £20m for the 2025/26 financial year to £1.1bn. The fashion and homeware retailer stated that this was a result of its full price sales in the first eight weeks of the current financial year beating expectations. #next #retail #profit #guidance

Babcock International Group has announced that it has secured a five-year contract extension, worth around £1bn, with the UK Ministry of Defence (MOD). The British aerospace, defence and nuclear engineering services firm said that the contract "further underpins" its "commitment and long-term relationship with the British Army" #babcock #ministryofdefence #contract #investment

Profit before tax at Vistry Group has fallen by 35% to £263.5m in the year to 31 December 2024, in what the housebuilder has described as a "disappointing financial performance". The firm said that in a "challenging year", its operating profit dropped by 25% to £358.2m, while its operating profit margin fell by 3.5 percentage points to 8.3% #vistry #housebuilding #profit #investment

The chief financial officer (CFO) at The Revel Collective, Danielle Davies, has tendered her resignation from the role to "take up another opportunity". Davies joined the firm, formerly known as Revolution Bars, in 2020, having previously served as CFO at FootAsylum #revelcollective #chieffinancialofficer #cfo #hospitality