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Business

People on the move: key North East appointments and promotions

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Business Live

Companies making announcements this week include Tilly Bailey & Irvine LLP, hedgehog lab, Sage, Swinburne Maddison, CMP Products and Azets

Newly promoted solicitors from Tilly Bailey & Irvine Law Firm. Pictured are Sophie Wilding, Georgia Wilkinson, Tyler Plunkett, Rhiannon Melrose, Laura Nomaz and Bethany Atkinson.

Newly promoted solicitors from Tilly Bailey & Irvine Law Firm. Pictured are Sophie Wilding, Georgia Wilkinson, Tyler Plunkett, Rhiannon Melrose, Laura Nomaz and Bethany Atkinson.(Image: Chris Booth Photos)

Growing North East law firm Tilly Bailey & Irvine LLP has announced a series of promotions. The firm, which has offices in Hartlepool, Sunderland, Stockton, Barnard Castle and Wynyard, has promoted three solicitors – Laura Nomaz, Jessica Inman, and Georgia Wilkinson – shortly after returning from maternity leave to senior associate roles.

Joining them in that position are Rhiannon Melrose and Tyler Plunkett, while Bethany Atkinson, Mollie Hall, Olivia Linton and Sophie Wilding have been promoted to associate-level roles.

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Heather Bolton, partner and head of the Sunderland branch, said: “These promotions reflect the dedication and hard work shown by our colleagues across the firm. We are committed to supporting career development, promoting staff each year, and consistently recognising talent from within as we continue to grow.”

Swinburne Maddison's head of commercial property Victoria Walton, who will take over from the current managing partner, Jonathan Moreland, when he retires at the end of the year.

Swinburne Maddison’s head of commercial property Victoria Walton, who will take over from the current managing partner, Jonathan Moreland, when he retires at the end of the year.(Image: LAUREN PETERS)

Law firm Swinburne Maddison LLP has announced that managing partner Jonathan Moreland will retire at the end of this year. He will be succeeded by Victoria Walton, the firm’s current partner and head of commercial property, who is set to take up the position in January 2027.

Mr Moreland’s journey with the firm began in 1991 when he joined Swinburne Jackson and Moreland, where his late father was senior partner. Since his appointment as managing partner in 2021, he has led the firm through a period of unprecedented growth and success

He said: “It has been an enormous privilege and honour to lead Swinburne Maddison. The role has been about far more than leadership alone – it has meant being part of a firm where people genuinely belong, care about one another and remain deeply committed to supporting our clients.”

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Ms Walton brings a wealth of experience, having joined as a trainee in 1999 and becoming a partner just seven years later. She has served on the firm’s management committee for six years, working closely with Mr Moreland to shape the firm’s strategy.

Anand Swaminathan, Sage’s new chief strategy officer.

Anand Swaminathan, Sage’s new chief strategy officer.(Image: Sage)

Krish Vitaldevara, chief product officer at Sage

Krish Vitaldevara, chief product officer at Sage(Image: Sage)

North East accounting tech group Sage has made two new senior appointments. Krish Vitaldevara joins as chief product officer and Anand Swaminathan as chief strategy officer. The two will join Sage’s executive leadership team on May 18 and June 15 respectively, and will be based in the company’s San Jose, California office.

As chief product officer, Mr Vitaldevara will be responsible for Sage’s global product and platform strategy, innovation roadmap and delivery, while Mr Swaminathan will lead Sage’s corporate strategy, growth priorities and long-term value creation agenda.

Steve Hare, CEO, Sage said: “Krish and Anand are proven leaders with deep experience building and scaling world-class products and businesses. Their appointments reflect our continued investment in innovation and growth, and I’m excited about the impact they’ll have for our customers, colleagues and partners.”

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Accountancy and advisory firm Azets has made a number of appointment including Yasmin Bambrough, left, and Rebecca Hutton, right.

Accountancy and advisory firm Azets has made a number of appointment including Yasmin Bambrough, left, and Rebecca Hutton, right.(Image: Azets)

Azets has grown its audit and tax services for companies and individuals in the North East with four new hires. Yasmin Bambrough joins as audit senior at the accountancy and business advisory firm, with Rebecca Hutton as audit associate. Ms Bambrough, who was previously with PwC, and Ms Hutton, from Clive Owen, work out of Azets’ Teesside office.

With the tax service team, Stuart Stephenson, whose experience includes more than nine years at KPMG, joins as corporate tax director and Jonathan Kennedy arrives from S&W as R&D associate director. Azets employs more than 300 people, with 16 partners, in the North East, providing tailored accountancy, tax and advisory services to help businesses and individuals.

Brian Laidlaw, partner and head of North East at Azets, said: “Yasmin, Rebecca, Stuart and Jonathan join us at an exciting time for the business as we continue to grow clients amid increasing compliance demands for SMEs and individuals here in the North East. Azets provides independent insights that bolster compliance, governance and long-term growth.”

Joe Thompson, hedgehog lab’s chief technology officer

Joe Thompson, hedgehog lab’s chief technology officer(Image: hedgehog lab)

Newcastle-headquartered global product design consultancy hedgehog lab has announced a series of promotions among its senior team. Joe Thompson, hedgehog lab’s chief technology officer, has joined the company’s board. He has more than 25 years’ experience in the tech sector, and has been with hedgehog lab for the last two, having previously held senior roles at Xoomworks – part of global consultancy Accenture.

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Ryan Scaife, previously hedgehog lab’s chief financial officer, has taken on an expanded role as the business’s new chief financial and operating officer. And Aimé Watson Bachini has also been promoted to director of people, as hedgehog lab steps up its plans to grow its headcount in the months ahead.

CEO Malcolm Seagrave said: “Our direction as a business has never been clearer. Last year’s execution of our strategy delivered strong results, and we’ve brought that same energy into the new year. These promotions recognise the leaders who are helping us scale what we do best – creating products that change businesses and transform lives. We are excited for the next phase of our journey with the exceptional team we have in place.”

Left to right: Laurie Wilson and Gary Groves of CMP Products

Left to right: Laurie Wilson and Gary Groves of CMP Products(Image: CMP Products)

Cramlington cable glands, cleats and accessories manufacturer CMP Products has announced a strategic restructure of its UK and Europe sales team.

Laurie Wilson has been promoted to regional manager (UK, Ireland & Europe and Central Asia), recognising more than a decade of contribution to the business. Jean‑Baptiste Praud has been promoted to regional sales manager (Europe), while Gary Groves joins CMP as regional sales manager (UK and Ireland) from Riello UPS.

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Vince Patterson, CEO at CMP, said: “As we continue driving our market‑leading position through sustainable investment in our people and a deeper understanding of our customers, it is essential that our sales structure reflects that ambition.

“This new model strengthens collaboration, enhances accountability and ensures we are well positioned to support customers with the safety, reliability and efficiency they expect from CMP.”

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Maine Democrats pick Platner; Trump back to winning ways: Tuesday’s US primaries

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Maine Democrats pick Platner; Trump back to winning ways: Tuesday’s US primaries


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Alleged Bondi Beach gunman charged with 19 more offences over mass shooting


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Record spend delivers new pressure test

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WA’s $44.3 billion infrastructure pipeline shows the challenge has switched from funding to delivery.

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Accenture plc (ACN) Rethinking and Maturing AI Adoption Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Ipek Ozkaya

Hello, and welcome to today’s Carnegie Mellon University Software Engineering Institute’s webcast, Rethinking and Maturing AI Adoption. My name is Ipek Ozkaya, and I’m the Technical Director of AI Native Software Engineering at the SEI. And I’ve had the incredible pleasure of leading this project focused on AI adoption maturity with our team at the SEI and the incredible team at Accenture.

We want to make today’s conversation as interactive as possible. So please feel free to put your questions into the YouTube chat area. And we’ve already received close to 200 questions. There is no way we’ll be able to get through any of them in completeness, but we’ll try to get to them as much as possible afterwards.

It is no surprise today that businesses are — across all sectors are redefining themselves and going through a structural shift through AI solutions. And they are trying to redefine their operational relevance, their operational workflows as well as get ahead of the businesses through ROI. Software-driven organizations are also going through the same challenge. In fact, the software as a discipline is being redefined through AI, looking into efficiency, productivity and of course, some of the risks that come with it.

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And clearly, all the organizations that deliver us the frontier models, OpenAI, Google, Microsoft and Anthropic are developing improved capabilities around the clock, and we’re receiving these capabilities around a lot faster. If we look into 2 years ago, the early generative AI models could barely solve some of the cybersecurity tasks. But today, we know the Mythos and GPT 5.5 could actually

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Bank stocks rally as RBI steps lift mood, trigger short covering

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Bank stocks rally as RBI steps lift mood, trigger short covering
Bank stocks gained as much as 5% on Tuesday after the raft of measures introduced by RBI to help hedge foreign currency borrowings stoked investor optimism and led to traders covering some of their bearish bets.

Bank Nifty rose 2.1% to 55,194.50; and closed above 55,000 levels after two weeks while benchmark Nifty moved 0.5% higher on Tuesday. All 14 constituents of Bank Nifty moved higher on Tuesday. .

Bank of Baroda jumped 5.5% while Canara Bank climbed 4.5%. Punjab National Bank and Federal Bank advanced around 3.5%.

“The measures by RBI are likely to drive a healthy deposit base for banks and lead to cheaper cost of funds since the hedging cost on FCNRB is borne by the Central Bank while the hedging costs on ECB’s is subsidised,” said Dharmesh Kant, head of research, Cholamandalam Securities.

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Bank stocks rally as RBI steps lift mood, trigger short covering<br>ET Bureau

Last week, the RBI announced measures to boost foreign currency inflows and to support the rupee. The Central Bank offered concessional dollar-rupee swap facility to absorb the entire forex hedging costs for three-to-five-year Foreign Currency Non-Resident (FCNR[B]) deposits until October 16, 2026. In addition, it offered a concessional swap facility for eligible External Commercial Borrowings (ECBs) raised by public sector entities, fixing the hedging cost at 1.5% per annum.


This policy allows Indian banks to access low-cost global capital and alleviate domestic deposit crunches without bearing currency risk, said analysts. “The sudden fundamental clarity triggered massive technical short covering, catching derivative traders by surprise and sparking a rapid short squeeze since the Put-Call Ratio (PCR) had dropped into an oversold zone below 0.80 ahead of the news,” said Nishchal Jain, Quant Researcher, Share. Market by Phone Pe.
The high-volume breakout past 55,100 and decisive price action, shifts the market regime from “sell on rallies” to “buy on dips”, establishing 55,000 as a strong psychological support base- forming a high-conviction bullish view, he said.

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IGO shares slide after fire at processing plant

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IGO shares slide after fire at processing plant

IGO says spodumene production remains on track after reporting that a fire broke out at its new chemical-grade processing plant at the Greenbushes lithium operation.

Shares in the critical minerals miner slid in morning trade after reporting a fire had occurred at its $880 million Chemical Grade Plant 3 (CGP3) plant at the Greenbushes mine site yesterday.

IGO said the fire was extinguished and no injuries were sustained, and that its first and second chemical crushing and processing plants on site were unaffected by the blaze. 

The third chemical plant at the hard-rock lithium operation in the state’s South West falls under the ownership of Talison Lithium, in which IGO owns an indirect 25 per cent stake, alongside China’s Tianqi Lithium (26 per cent) and US major Albemarle Corporation (49 per cent).

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CGP3 is the third chemical grade plant built at the Greenbushes operation, which is still ramping up after processing first ore in December last year.

It has a processing capacity of 2.4 million tonnes per annum to produce up to 500,000 tonnes per annum of lithium mineral concentrate. 

The market was told Talison Lithium had commenced a full investigation into the cause and damage from the incident on Tuesday.

IGO said Greenbushes production remained on track to meet its FY26 guidance of between 1,375 million and 1,425 million tonnes of spodumene concentrate.

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The fire at the new plant represents another setback for the critical minerals miner, which has been grappling with challenges at its co-owned Kwinana lithium hydroxide plant.

That downstream processing plant is operating at about 50 per cent nameplate capacity, which was an improvement when reported in the March quarter.

IGO and joint venture partner in the plant, Tianqi Lithium, have been increasingly at odds over the future of the plant, after the ASX-listed miner wrote down its value to zero.

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Shares in IGO are trading down 6 per cent to $8.48 apiece at 11AM AWST.

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Prop traders seek relief on margin funding as global rivals up game

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Prop traders seek relief on margin funding as global rivals up game
Domestic proprietary stock traders are set to seek regulatory intervention to lobby the central bank to rework the margin funding rules for their trades as the existing proposal puts them at a disadvantage over global traders that are stepping on the gas in India, people familiar with the matter said.

The Commodity and Capital Market Participants Association of India (CPAI) is working with the Industry Standards Forum (ISF), a body comprising members of various industry associations, to create a separate framework that would distinguish between liquidity providers and speculators. That they believe would help them to convince the Reserve Bank of India (RBI) to permit lower margin for the bank guarantees and enable them to trade higher volumes.

The RBI has mandated that banks lending to capital market intermediaries (CMIs) extend guarantees for proprietary trading subject to the facility being fully secured. The proposal says that banks can extend guarantee only to the amount equal to the value of the collateral provided by the proprietary trading firm.

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SailPoint: Weaker Net-New ARR Amid Lofty Valuation (Rating Downgrade)

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SailPoint: Weaker Net-New ARR Amid Lofty Valuation (Rating Downgrade)

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