Watch: Insider's Business Briefing - 13th September - video Dailymotion

Insider Media

Phil and Ben highlight a senior partner appointment at KPMG in Newcastle, results at a historic South West brewery, the masterplan for a major mixed-use scheme in Cardiff Bay and the Midlands Dealmaker of the Year is revealed.

Transcript

00:00Coming up, a senior partner appointment at KPMG in Newcastle, profits up for a South

00:06West brewery, the master plan of a major mixed-use scheme in Cardiff Bay, and the Midlands Dealmaker

00:12of the Year is revealed.

00:14Welcome to this morning's business briefing.

00:16So, hello, good morning.

00:23I'm Phil Cunliffe.

00:24I'm Ben Butler.

00:25Good to join you this morning, Ben.

00:26Yes, nice to join you as well.

00:27We're just having a look at some of the news stories in our newsletters this morning.

00:32Ben, I think you're going to take us to the South West.

00:35Yes.

00:36So, we've got profits rising at an historic brewery, Hall & Woodhouse.

00:40It was founded in 1777, so going back nearly 250 years there.

00:46So, today it employs almost 1,900 staff and it's best known for its Baggeranger bottledales.

00:52Are you familiar with it?

00:53I'm familiar with it.

00:54I'm not a consumer, but yeah, I've certainly heard the brand name.

00:58Yeah, I'd like to sample some.

01:00I'd like an IPA or a Newcastle Brown Ale.

01:03Well, I'm more of a wine man myself, but I certainly have consumed some beer in my time.

01:07So, say no more about that.

01:09Yes, so Hall & Woodhouse, it has pubs across the South West and South East of England,

01:14and in its latest account, underlying pre-tax profits and turnover both rose, and they've

01:20attributed that to the £12.3 million sale of Rio to Agee Bar, which is a Scottish drinks

01:28brand.

01:29Yes, they're a huge, huge brand out there.

01:30Massive corner shops with a cola and a lemonade.

01:32Absolutely.

01:33So, yeah, very positive results.

01:34Yes, well, and good news in the South West.

01:36I want to go up to the diametrically opposite in the countries, the North East, where KPMG,

01:42the big advisory firm, have announced the appointment of a new senior partner for its

01:47thriving Newcastle office.

01:50Michael Downs will take over from Ian Beaumont, who has led the KPMG operation in Newcastle

01:55for the last three and a half years.

01:56Big name there, then.

01:57Absolutely.

01:58It's really good.

01:59Michael's a well-known figure in corporate finance world in the North East.

02:04He's led KPMG's corporate finance practice in the region and has worked on some of the

02:11highest-profile M&A deals in the region over the last 15 years.

02:15A real prominent player, yes.

02:16Yes, very, very much.

02:17So, he's, of course, a former insider North East dealmaker of the year back in 2021.

02:24So, he's an excellent corporate finance advisor, very well-respected by his peers and everyone

02:29in there.

02:30So, a really good appointment and shows a positive move for – and we wish Ian Beaumont

02:35well in his retirement, of course, as well.

02:37Absolutely, yes.

02:38So, Ben, you're going to take us to Wales, I think, now.

02:40Yes, I am.

02:41So, in Cardiff, Savills has submitted a master plan for a major mixed-use scheme.

02:46It's in Cardiff Bay.

02:48A big development area, a lot going on there, and it's a 14.5-acre regeneration site that's

02:55adjacent to Cardiff International Sports Village, so where the development will encompass more

03:01than 1,000 new homes, an employment-generating innovation centre, and also restaurant shops

03:08and a landmark hotel.

03:10Now, I have asked regarding the hotel, but currently we don't know the operator, but

03:16we are trying to find that out.

03:18I'm sure you will.

03:19You'll get that information out of them, I'm sure.

03:20So, big development news there for Cardiff.

03:23Really good news for Cardiff, of course, because it's a very exciting sort of time, but really

03:28good to show that the sort of regional economy is looking buoyant there.

03:33Absolutely, yes.

03:34Yes.

03:35So, Tom, we talked about the Dealmaker of the Year.

03:39There was a Dealmaker of the Year announced just last night.

03:42This was in Midlands, where our Midlands Dealmakers Awards were taking place at the

03:47Helsing Metropole in Birmingham, and so the Midlands Dealmakers Awards have now been going

03:53for 30 years.

03:54It's our 30th anniversary there, so congratulations to all the team involved in that.

04:00900 people?

04:02Yes, just shy of 900 people in the room, so a really packed house.

04:06They all had a fantastic time, I'm sure.

04:09We've been in touch with the team, and so it's another really, really good night.

04:13They've got turnout.

04:14Absolutely.

04:15So, just to let you know, to reveal the Dealmaker of the Year in the Midlands is Rob Burden

04:21of Clearwater.

04:22He took home the coveted Dealmaker of the Year Award.

04:26The winner of the Deal of the Year for transactions above 50 million was won by the acquisition

04:32of Haynes Watts London by Cooper Parry.

04:35So, a really big deal.

04:36Big deal, yes.

04:37A big deal in all senses of the word for Cooper Parry.

04:44The event also recognised Richard Saunders, who's a founding partner of Catalyst Corporate

04:48Finance, a hugely well-respected corporate finance advisor in the Midlands, and he was

04:58rewarded for his outstanding contribution to Midlands M&A activity over the years.

05:03Great news there.

05:04Congratulations to Richard.

05:05Congratulations.

05:06Just to mention that, all the winners from last night's Midlands Dealmakers Award will

05:11go through to the national awards, the UK Dealmakers Awards that we're running.

05:17Big event there.

05:18Very big event.

05:19Again, it'll be in Birmingham next year on the 6th of February, where all the regional

05:24Dealmakers winners from all our regional Dealmakers events will come together to compete for the

05:31Champion of Champions.

05:32Fantastic.

05:33That's one for the diary there.

05:35We'll be there to potentially be a UK Dealmaker of the Year, so a really, really exciting

05:42time.

05:43So, if you want to find out more about the UK Dealmakers or the Dealmakers Awards that

05:46are coming up, I think Wales is coming up soon?

05:48Yes, Wales coming up at the end of the month, yeah.

05:50The Northeast Dealmakers Awards are on the 26th of September, so lots of things going

05:56on in the corporate finance world.

05:58Big time of the year.

05:59It is.

06:00It is, absolutely.

06:01It keeps us all busy.

06:02So, if you want to find out more about that, please go to insidermedia.com and click through

06:06to the various links and you'll find everything there that you need.

06:10So, that's all for us today.

06:12Yes.

06:13I hope you enjoyed it.

06:14We'll see you again soon and have a good day.

06:17See you soon.

Watch: Insider's Business Briefing - 13th September

Category

Transcript

Recommended