Schroders buys No 1 Spinningfields for £200m

Allied London’s recently completed Manchester development, No 1 Spinningfields, has been acquired by clients of Schroder Real Estate for more than £200 million. Schroder Real…



Morrisons enjoys third-quarter sales growth

Bradford-based supermarket group Morrisons said its third-quarter like-for-like sales excluding fuel were up 2.5%, “comprising contributions from retail of 2.1% and wholesale of 0.4%.” “We again worked hard…



Burnley to succeed Clarke as Asda CEO

Walmart said Roger Burnley would take over as CEO at its Leeds-based subsidiary Asda on January 1, 2018, succeeding Sean Clarke who will leave the post after just…


Footasylum IPO values firm at £171m

Lancashire-based youth footwear and apparel retailer Footasylum said its initial public offering (IPO) at £1.64 per share raised gross proceeds of £65.4 million. Footasylum’s brands include…





Virgin Money CEO in gender equality push

The CEO of Edinburgh and Newcastle-based Virgin Money, Jayne-Anne Gadhia, has supported calls for a “ministerial board” that champions the economic benefits of gender diversity….


Canadian property firm to acquire WHR

Canadian real estate firm Avison Young said it agreed to acquire Manchester property consultancy WHR. The Manchester office will become Avison Young’s fifth office in…







Virgin Money mortgage balances hit £33bn

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…


Lancashire’s Footasylum plans £150m AIM float

Lancashire-based youth footwear and apparel retailer Footasylum announced plans to float its shares on London Stock Exchange’s AIM market. The initial public offering is expected to…



Provident shares up 12% on home credit hopes

Shares of troubled Bradford-based subprime lender Provident Financial rose about 12% on Friday after it reported progress with its home credit business recovery plan in a trading…




£137m Co-op offer recommended by Nisa board

The board of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, has unanimously recommended to its shareholders an offer of up to £137.5…



Manchester Festival worth £40m to local economy

This year’s Manchester International Festival was worth £40.2 million to the local economy, according to Manchester City Council. The Festival had more productions on offer, bigger audiences,…





Sunderland sofa firm ScS revenue up to £333m

Shares of Sunderland-based furniture and floorings retailer ScS Group rose 7% on Tuesday after it said revenue rose 4.9% to £333 million and profit before tax jumped 9.9%…





Aprirose buys Leeds-based QHotels for £525m

Real estate investment company Aprirose said it completed the acquisition of Leeds-based QHotels from Bain Capital Credit and Canyon Partners for £525 million — the…




Grainger on course for £850m investment target

Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said in a trading update it expects to report full-year adjusted earnings approaching £70 million, up from £53.1…







Man Utd revenue up 12.8% to record £581.2m

Manchester United announced financial results for the 12 months ended June 30, 2017, with revenue up 12.8% to £581.2 million and earnings before interest, tax, depreciation and…



Drax CFO Gardiner succeeds Thompson as CEO

Selby, North Yorkshire-based power company Drax Group said its chief financial officer Will Gardiner will succeed Dorothy Thompson as CEO from January 1, 2018 — just as…


Co-op half-year revenue steady at £4.6bn

Manchester’s Co-op Group said revenue fell slightly to £4.6 billion in the 26 weeks ended July 1 compared to £4.7 billion at the same stage last year…



Co-op Bank CFO leaves after restructuring

Manchester-based Co-operative Bank said its chief financial officer John Worth is leaving the bank following the completion of its restructuring and recapitalisation earlier this month. “John…




Manchester Pension buys £60m Salford Soapworks

The Greater Manchester Pension Fund (GMPF) has bought Salford’s iconic Soapworks development — formerly the Colgate-Palmolive factory — from The Carlyle Group for £60 million….






Morrisons first-half profit up 40% to £200m

Bradford-based supermarket group Morrisons said its first-half profit before tax rose 39.9% to £200 million on turnover up 4.8% to £8.42 billion. But Morrisons’ shares fell…








Shares of Dart Group soar as Jet2 takes off

Shares of Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, rose 4% on Thursday after it gave a positive trading update at its annual general meeting….



Boohoo hires Phone House founder as non-exec

Manchester-based online fashion giant Boohoo.com announced Pierre Marie Jean-Louis Cuilleret as a new non-executive director. Cuilleret will join the board and sit on each of…


Lancashire tissue firm Accrol appoints CEO

Lancashire-based tissue maker Accrol Group said it appointed Gareth Jenkins as its new chief executive. Jenkins’ previous experience includes 24 years at DS Smith plc, one…



Global Marine chooses Port of Blyth for expansion

Chelmsford-based Global Marine Group (GMG), an offshore engineering services company for the renewables, telecommunications and oil & gas industries, announced it has expanded its operations base…










New bank backed by Warrington Council opens

The challenger bank backed by Warrington Borough Council has opened for business just more than four months after securing its initial banking licence. Warrington Borough Council…



Co-op in exclusive talks to buy Nisa for £140m

Manchester’s Co-op Group has begun exclusive talks with Scunthorpe-based convenience grocer Nisa to discuss a possible deal to buy the mutually-owned retailer for up to £140 million….



Provident re-hires Gillespie to fix home credit

Shares of troubled sub-prime lender Provident Financial Group rebounded 20% on Friday after it announced it re-hired former executive Chris Gillespie as managing director of its home…


Leeds-based Jet2.com creates 1,700 jobs

Jet2.com — owned by Leeds-based leisure and logistics firm Dart Group — has announced a major recruitment drive with roadshows taking place across the UK to…




TSK to create Kellogg’s HQ at MediaCityUK

Kellogg’s said it appointed workplace specialist TSK to create its new 46,000-square foot UK headquarters in MediaCityUK in Manchester. “The appointment comes as last month…


















DFS shares up as it buys Sofology and refinances

Shares of Doncaster-based DFS Furniture rose almost 5% after it said it agreed to buy Golborne-based sofa retailer Sofology Limited and announced an agreement to refinance its existing borrowings. DFS…


B&M in £152m deal to buy Heron Food Group

Liverpool-based B&M European Value Retail said it is acquiring East Yorkshire-based discount convenience retailer Heron Food Group Limited for up to £152 million. Heron operates predominantly…





Stonegate in £100m offer for Revolution Bars

Manchester-based Revolution Bars Group plc said it received a conditional proposal from Slug & Lettuce owner Stonegate Pub Company Limited to acquire Revolution “on a recommended…




McColl’s deal to take Morrisons wholesale to £1bn

Bradford-based supermarket group Morrisons announced a long-term wholesale supply initiative with convenience retailer McColl’s which it said will take its wholesale supply sales eventually to more than…
























Endless buys corporate travel firm CTI

Leeds-based private equity investor Endless LLP said it acquired a majority stake in Manchester-based business travel management company CTI for an undisclosed sum. The deal,…






Manchester Airports Group revenue up to £838m

Manchester Airports Group (MAG) said its revenue rose 7.7% to £838.4 million and operating profit before significant items rose 9.1% to £210.2 million in the 12 months ended March…




Lake District wins World Heritage List status

Cumbria’s Lake District has been added to UNESCO’s World Heritage List. “Located in northwest England, the English Lake District is a mountainous area, whose valleys have…


Cochrane becomes interim CEO Of Carillion

Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…









Persimmon H1 revenue up 12% to £1.6bn

York-based house builder Persimmon said its revenue grew 12% to £1.66 billion in the six months to June 30 and that “consumer confidence remains resilient…




UKW buys Grimsby wind farm for £47m

Greencoat UK Wind plc (UKW) said it acquired Bishopthorpe Wind Farm near Grimsby from BayWa r.e. for about £47 million. Bishopthorpe has a capacity of…




£180m West Yorkshire transport plan approved

More than £180 million of investment in West Yorkshire Plus Transport Fund schemes in Bradford, Calderdale, Kirklees, Leeds and Wakefield was approved at Thursday’s meeting…


Leeds United buys back Elland Road Stadium

Leeds United announced that Greenfield Investment Pte Ltd, parent company of Leeds United Football Club Limited, has bought back Elland Road Stadium. The stadium will…








IPO for Chesire’s Tatton Asset Management

Cheshire-based financial advisory company Tatton Asset Management announced intentions to float on the Alternative Investment Market (AIM) of the London Stock Exchange. Tatton said it…














Boardroom changes at fashion firm Boohoo

Manchester-based fashion giant Boohoo.com said that after four years with the company Stephen Morana will step down as a non-executive director on July 1, 2017….



Fashion group N Brown’s chairman to step down

Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said its chairman Andrew Higginson intends to step down…





Boohoo stock jumps after 106% rise in revenue

Manchester-based online fashion retailer Boohoo.com said its revenue soared 106% to £120.1 million in the three months to May 31, 2017. The company said it now expects revenue growth of…



Revenue up 19% to £249m at Harrogate’s Vp

Harrogate-based specialist equipment rental group Vp plc said revenue grew 19% to £248.7 million and statutory profit before tax rose to £30.3 million from £27.5 million in the…


Revenue falls to £331m at Hull’s KCOM

Hull-based communications firm KCOM said its revenue fell 5.15% to £331.3 million in the year to March 31 “due to the continuing decline of legacy network…



WYG appoints new CEO as revenue hits £152m

Leeds-based WYG, the AIM-listed project management consultancy, announced the appointment of a new chief executive as it unveiled results for the year to March 31, 2017, showing revenue up 14% to…


AO World shares fall amid loss, UK slowdown

Shares of Bolton-based online electrical retailer AO World fell about 11% after it reported an operating loss of £12 million for the year to March 31 and warned of a “challenging…


GTCR to buy Sage Payment Solutions for $260m

Newcastle-based software giant Sage Group, the UK’s largest tech company, said it reached an agreement to sell its North American Payments business Sage Payment Solutions…


Leeds-based Endless buys recruiter Affinity

Leeds-based private equity investor Endless said it acquired CER Staffing Solutions Limited, trading as Affinity Workforce, from Capita plc for an undisclosed price. With revenues of £140…


Sage, Standard Life in pension auto enrolment venture

Edinburgh-based pensions and investment giant Standard Life said it has fully integrated its auto enrolment offering with Newcastle-based software giant Sage Group, the UK’s largest tech company. Standard…




United Utilities profit £623m on £1.7bn revenue

Warrington-based United Utilities, the UK’s largest listed water company, said underlying operating profit rose £19 million to £623 million on revenue down £26 million to £1.704 billion in the year to March 31….



£62m MBO at Lancaster sign media firm Metamark

Private equity firm Primary Capital Partners announced the completion of a £62 million management buyout of Lancaster-based sign vinyl and digital print media firm Metamark (UK) Limited…









On the Beach revenue up 7.3% to £38.1m

Stockport-based beach holiday online retailer On the Beach Group said its revenue increased 7.3% to £38.1 million and profit before tax soared 33.8% to £9.9 million in the…



Chester’s GB Group to buy PCA Predict for £74m

Chester-based identity data company GB Group said it conditionally agreed to acquire address validation firm PCA Predict for a total of £73.85 million. “The £73,852,423 total consideration…


Revenue at York’s Gear4music up 58% to £56m

Shares of York-based Gear4music, the online retailer of musical instruments and equipment, rose 4.55% after it said revenue jumped 58% to more than £56 million and underlying operating profit soared…










Far East Consortium to deliver £1bn Northern Gateway

Far East Consortium International Limited (FEC) said it has been selected to work with the Manchester City Council to deliver the “Northern Gateway” — possibly the largest residential regeneration project ever…


N Brown profit falls to £58m on £901m revenue

Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said its group revenue rose 4% to £900.7 million in the 53 weeks…


Boohoo.com revenue soars 51% to £294.6m

Manchester-based online fashion retailer boohoo.com said its revenue rose 51% to £294.6 million and profit before tax soared 97% to £30.9 million in the year to February 28,…



Virgin Money credit card balances up to £2.7bn

Newcastle and Edinburgh-based challenger bank Virgin Money insisted it had maintained a “strong focus on asset quality” as its credit card balances grew about 8% to £2.7 billion in the…



Leeds gets £173m transport funding package

Leeds is set to benefit from a £173.5 million UK government funding package that will provide high frequency busways, improved park and ride facilities and better stops…













Leeds’ Dart Group lifts profit expectations

Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, said in a trading update it expects underlying profit before taxation for the year ended March 31, 2017, to…


Utilitywise shares hit amid loss, chairman move

Shares of Newcastle-based utility consultancy Utilitywise fell more than 11% after it said executive chairman and founder Geoff Thompson would become non-executive chairman with immediate effect and…


NCC installs exec chairman amid upheaval

Manchester-based cyber security company NCC Group said on Monday it appointed Chris Stone as executive chairman with effect from April 6, 2017. “It is intended that he will…



Drax succeeds in $35m Louisiana Pellets bid

Selby, North Yorkshire-based power company Drax Group said that following the conclusion of an auction, Drax had been “provisionally successful” in its bid to acquire the assets of Louisiana…



AO World raises £50m; revenue to hit £700m

Bolton-based online electrical retailer AO World said it raised £50 million in a placing of 37.73 million shares at 132.5p — representing about 9% of the firm’s share capital. Further, in…


Sirius Minerals plans move from AIM to main market

Scarborough-based Sirius Minerals plc, the firm behind the controversial $2.9 billion fertilizer mine in North Yorkshire, said it plans to apply to move its share listing from AIM to the main…





Revenue tops €5bn at Sunderland’s Arriva

Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — said its 2016 revenue rose 5.2% to €5.09 billion, allowing it to invest €359 million in its…


CPP shares down as CFO departs, revenue falls

Shares of York-based “international assistance” firm CPP Group fell 14% after it said its 2016 revenue decreased 4% to £73.6 million and that chief financial officer Michael Corcoran would leave the…







Bovis suitor Redrow predicts £306m profit

Flintshire-based house builder Redrow, which has said it still wants to pursue a deal for Bovis Homes, on Wednesday issued a trading update saying its current performance was “robust” and…


Sunderland’s ScS sees revenue hit £158m

Shares of Sunderland-based furniture and floorings retailer ScS Group rose on Tuesday after it said its revenue rose 14.6% to £157.9 million and gross profit increased 12.4% to £72.9 million in the…





Unite buys £34m Durham student development

Unite Group plc said its student accommodation developer Unite Students acquired an asset under development near the University of Durham for £34 million. The accommodation will open in September 2018 and…


Harworth raises £28m to expand land bank

Rotherham-based real estate and brownfield regeneration firm Harworth Group said it conditionally raised £27.8 million by placing 29.2 million new shares at 95p in order to…


Revenue hits £159m at Leeds healthcare firm EMIS

Leeds-based healthcare software and information technology firm EMIS Group said its 2016 revenue rose 2% to £158.7 million and statutory operating profit rose 106% to £23.5 million “despite headwinds created by the NHS…


Toyota invests £240m in Derbyshire plant

Toyota said it will invest a further £240 million in its car plant in Burnaston, Derbyshire to “improve plant competitiveness and … promote UK supply chain efficiencies.” But…



Plans unveiled for £5bn Liverpool Waters scheme

The Peel Group-led consortium behind the £5 billion Liverpool Waters development unveiled the first glimpse of the new Central Docks neighbourhood at the MIPIM property conference in Cannes…









Sheffield’s Benchmark in Norwegian salmon deal

Sheffield-based Benchmark Holdings, the aquaculture biotechnology and food chain sustainability company, said it signed a long-term agreement with major Norwegian salmon producer SalMar ASA “to provide genetics, health…


Metronet acquires Venus for London expansion

Manchester-based internet infrastructure firm Metronet (UK), backed by mid-market private equity firm Livingbridge, said it acquired London-based fibre network provider Venus Business Communications. The acquisition of Venus follows Metronet’s…




Logistics North helps Harworth to £335m NAV

Rotherham-based real estate and brownfield regeneration firm Harworth Group said its 2016 net asset value (NAV) rose 12.5% to £334.9 million — 115p per share — helped…


Sage agrees to acquire rest of Fairsail

Newcastle-based Sage Group, the UK’s largest tech company, said it agreed to acquire Fairsail, the fast-growing cloud human capital management system for mid-sized businesses. Currently a minority…




Bain Capital buys big stake in Hull’s MKM

US-based private equity firm Bain Capital said it bought the stakes of 3i and LDC in Hull-based MKM Building Supplies, the UK’s largest independent builders’ merchant….


Approval for £130m University of Hull development

Campus accommodation and infrastructure specialists University Partnerships Programme (UPP) said plans for a £130 million student accommodation scheme at the University of Hull have been approved. UPP…


£210m wind farm investment for Durham’s Banks

Durham-headquartered Banks Renewables, the renewable energy division of property and energy business Banks Group, said it secured a £210 million investment package to support the construction…


Vimto helps Nichols grow revenue 7.4% to £117m

Merseyside-based soft drinks firm Nichols plc said Vimto sales helped its 2016 revenue rise 7.4% to £117.3 million and operating profit rise 9% to £30.3 million. “There is no doubt that the…


France’s Engie buys Keepmoat unit for £330m

French utility Engie said it agreed to acquire the regeneration business of Doncaster-based social housing developer Keepmoat, which specialises in renovating buildings for local authorities, for about £330 million. Engie said…








£105m IPO for Oldam’s Ultimate Products

Oldham-based consumer goods firm Ultimate Products said its London Stock Exchange IPO price was set at 128p per share, which will equate to a market capitalisation of £105.2…


NCC CEO steps down amid turmoil

Manchester-based cyber security company NCC Group said Rob Cotton stepped down as chief executive and as an executive director of its board with immediate effect. Brian Tenner,…



Cost inflation concerns as Greggs sales hit £894m

Newcastle-based bakery and “food-on-the-go” retailer Greggs said its 2016 sales rose 7% to £894.2 million and pre-tax profit excluding exceptional items rose 10% to £80.3 million. However Greggs shares fell 3%…


Revenue up 36% to £256m at linen firm Johnson

Chesire-based workwear and linen rental company Johnson Service Group (JSG) said its 2016 revenue rose 36.4% to £256.7 million and profit before tax soared 49.7% to £25.9 million. JSG…



Moneysupermarket revenue up 12% to £316.4m

Shares of Chester-based price comparison website company Moneysupermarket.com fell about 5% after it said its revenues were currently behind last year amid low interest rates. The company said 2016…


Virgin Money profit up 41% to £194m in digital push

Newcastle and Edinburgh-based challenger bank Virgin Money said its 2016 statutory profit before tax increased 41% to £194.4 million and its gross mortgage lending grew 12% to £8.4 billion, giving it…


Drax bids for Texas and Louisiana pellet businesses

Selby, North Yorkshire-based power company Drax Group said it is “participating in separate processes” for the acquisition out of bankruptcy of the operating assets of Texas Pellets and Louisiana…




Boeing plans new £20m Sheffield plant

Boeing said it plans to open a new £20 million production facility in Sheffield to manufacture high-tech components for its next-generation 737, 737 MAX and 777 aircraft. Boeing…




Middlesbrough’s Fine Industries sold for £103m

Chinese life sciences company Lianhe Chemical Technology Company (Lianhetech) agreed to buy Middlesbrough-based chemicals manufacturer Fine Industries from Manchester-based private equity firm NorthEdge Capital and Fine Industries…


£126m for Royce Manchester research centre

The UK government’s business and energy secretary Greg Clark announced £229 million worth of investment in the development of cutting-edge advanced materials and a new…


Caunce succeeds CEO Roberts at Bolton’s AO World

Bolton-based online electrical retailer AO World said chief operating officer Steve Caunce would succeed company founder John Roberts as its CEO, effective immediately. Roberts, 43, who founded AO World in 2000 and…




Manchester’s McBride mulls sale of aerosols

Manchester-based McBride plc, the manufacturer of private label household and personal care products, said it was considering expressions of interest to acquire its aerosols business. McBride, which employs about 5,000 around…


Mercia wins £108m Northern Powerhouse mandates

Mercia Technologies plc, the investment firm that focuses on the UK regions, said it was successful in its bids, via its subsidiary Enterprise Ventures Limited, to manage two of the British…


Unite signs £41m Manchester Uni student flat deal

Unite Group plc said its Unite Students division, a developer of student accommodation, has exchanged contracts to acquire a development site near the University of Manchester for about £41 million on…



NCC shares plummet 40% amid latest turmoil

Shares of Manchester-based cyber security company NCC Group have fallen more than 40% since it issued a surprise trading update late on Tuesday, initiated a strategic review, and abruptly cancelled…



£50m order book boost for Utilitywise

Newcastle-based utility consultancy Utilitywise, which employs around 1,600 people, said in a trading update for the six months to January 31 that it “performed in line with management expectations…


Asda sales decline slows down

Leeds-based Asda, a subsidiary of US retail giant Walmart, said its comparable sales declined 2.9% in the fourth quarter ending December 31, excluding petrol. But the figures showed an…



Zenith to acquire CVL for HGV market access

Leeds-based car leasing and fleet management firm Zenith said its new owner Bridgepoint acquired Contract Vehicles Holdings Limited group (CVL) from its shareholders “as Zenith builds the…


Fishing Republic revenue to show 40% increase

Rotheram-based fishing tackle retailer Fishing Republic, which had an IPO in 2015, issued a trading update for the financial year to December 31 and said its website sales…





Unilever Rejects $143bn Kraft Heinz Offer

UK-Dutch consumer goods giant Unilever — owner of brands including Dove, Flora, Hellmans, PG Tips, Knorr and Persil — rejected a potential offer of around $143 billion from The Kraft…





Polyframe buys Customade to create £100m firm

Cairngorm Capital Partners LLP announced a further investment in its Halifax-based trade window and door manufacturer Polyframe Group to facilitate Polyframe’s acquisition of Gloucester-based Customade Group. Cairngorm said…




Manchester’s Second City Crossing tram to open

Transport for Greater Manchester (TfGM) said the Second City Crossing new tram line — the final piece in Manchester Metrolink’s £1.5 billion ‘big bang’ expansion programme —…


Hargreaves six-month revenue slips to £171m

Durham-based international coal distribution and industrial logistics firm Hargreaves Services plc said its reported revenue fell £3.9 million to £170.9 million in the six months…


Go-ahead for Sheffield’s £175m West Bar Square

Outline planning consent has been granted for the £175 million mixed-use West Bar Square development in Sheffield’s Riverside business district – the ambitious regeneration scheme that could create up…




Co-op Bank puts itself up for sale

The Co-operative Bank, rescued from near collapse by hedge funds in 2013, said it has put itself up for sale amid a neeed to build its capital…



Germany’s Erwin Hymer buys Consett’s Explorer

The Explorer Group, the Consett, County Durham-based manufacturer of motorhomes and caravans, is to be acquired by the Erwin Hymer Group of Germany. London-based investment company Constantine Group…




Man Utd expects £540m revenue; debt at £409m

Manchester United said its revenue rose 18% to £157.9 million in the three months to December 31, 2016, but its net debt jumped 27.1% to £409.3 million. It its outlook, the company…



Murrells to succeed Pennycook as Co-op CEO

The Co-op Group, based in Manchester, said Richard Pennycook is to step down as group CEO and will be succeeded by Steve Murrells, currently CEO of the Co-op’s food…


Luxembourg firm buys Royal Liver for £48m

Luxembourg-based Corestate Capital Holding S.A. said it acquired the iconic landmark Royal Liver Building, the Grade A office building in Liverpool, for £48 million. The Royal Liver Building is located…



Newcastle’s Bellway has £1.12bn order book

Shares of Newcastle-based house builder Bellway plc rose after it delivered a strong trading update for the six months ended January 31, 2017, and revealed its forward order book has a…


Directors buy Leeds’ Steeper Group from Dunedin

Leeds-based prosthetics and orthotics company Steeper Group has undergone a management buyout with two directors — CEO Paul Steeper and finance director John Midgley — acquiring the business from…



Kohler buys Merseyside’s Clarke Energy

Wisconsin-based Kohler Co. said its power group acquired Merseyside-based Clarke Energy Ltd., a multinational specialist in the engineering, construction, installation and maintenance of engine-based power plants. Knowsley-based…





ISS supports Sevcon against ‘dissident’ director

Nasdaq-listed Gateshead company Sevcon, which makes components for low carbon vehicles, said the influential Institutional Shareholder Services (ISS) recommended that Sevcon stockholders vote for all the incumbent directors who are…


NWF half-year revenue up 13.9% to £256m

Chesire-based NWF Group plc, the agricultural and distribution business that delivers feed, food and fuel across the UK, said half year revenue to November 30 was…


Newcastle’s Drummond Central acquires CoalFace

Newcastle-based marketing and communications agency Drummond Central said it acquired digital specialists CoalFace, also based in The Toon, to boost its digital business. Drummond Central said CoalFace’s nine-strong…


Supermarket pioneer Ken Morrison dies at 85

Ken Morrison, who built a small Bradford-based family business into the major UK grocery retailing chain Morrisons, has died aged 85. Morrisons chairman Andrew Higginson said: “I…




Clydesdale and Yorkshire deposits £27.3bn

Clydesdale and Yorkshire Bank owner CYBG said trading in the three months to December 31, 2016, had been in line with its expectations with deposit balances up…



£50m Waverley plan unveiled for Rotherham

Property companies Dransfield Properties and Harworth Group announced a joint venture to deliver a new £50 million retail, office and leisure scheme at Waverley, Rotherham – the site of Yorkshire’s largest ever…


New chair at Leeds global consultancy WYG

Leeds-based WYG, the AIM-listed global project management and technical consultancy, said chairman Mike McTighe will retire at the next AGM in September and be succeeded by Jeremy Beeton, currently…


Bruntwood tops £1bn property ownership

Manchester-based commercial property company Bruntwood said it has broken through the £1 billion mark for property under ownership for the first time in its 40 years….


Leeds car lease firm Zenith bought for £750m

Leeds-based car leasing and fleet management firm Zenith is to be acquired from Hg Capital by private equity firm Bridgepoint for £750 million. Zenith has more than 500 employees…



Sage shares down 5% after trading update

Shares of Newcastle-based software company Sage Group fell about 5% on Thursday after the firm delivered what some analysts considered a slightly disappointing trading update for the three…


Shares down 10% at Manchester’s Cussons

Shares of Manchester-based soaps and consumer products company PZ Cussons have fallen roughly 10% since it said on Tuesday that statutory profit before tax fell 37.8% to £24.9 million and revenue…


Abbey Logistics buys Armet, creates £70m firm

Liverpool-based Abbey Logistics Group, which recently completed a management buyout, said it acquired bulk liquid food transport firm Armet Logistics Ltd for an undisclosed sum. Abbey, the…


Nissan Sunderland produces 507,430 vehicles

Nissan’s 2016 UK production statistics showed that 507,430 vehicles were produced at Nissan Sunderland last year — the second highest total in the plant’s history. Nissan…



Fishawack management in £38m buyout

The management team of Knutsford, Cheshire-based Fishawack Group, the medical communications firm, said it completed a tertiary management buyout in a deal worth £38 million. Working with LDC, the…


Benchmark revenue soars 148% to £109.4m

Revenue at Sheffield-based Benchmark Holdings, the aquaculture biotechnology and food chain sustainability company, soared 148% to £109.4 million in the year to September 30, 2016, partly as…




Bruntwood appoints Kemp to commercial role

Manchester-based commercial property company Bruntwood has appointed Phil Kemp to the position of chief commercial officer (CCO) to support the firm’s growth plans. Bruntwood said Kemp will be responsible…


£556m boost for Northern Powerhouse

The UK government said it will announce a £556 million boost for the Northern Powerhouse at a regional cabinet meeting on Monday “to help create jobs, support…


Yorkshire record as visitors spend £194m

Yorkshire attracted a record breaking number of visitors from July to September 2016, according to new figures. Yorkshire saw a 12% increase in inbound visits…



NCC profits slip; chairman to step down

Manchester-based cyber security company NCC Group said its chairman Paul Mitchell will step down on May 31, 2017, as it announced profit before tax for the six months to November…



N Brown shares up amid strong online sales

Shares of Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — rose about 7% after it said third…


Man Utd regains top spot in Deloitte League

Manchester United regained first place in the Deloitte Football Money League, ending the 11-year run of Real Madrid. Deloitte said record revenue of €689 million (about £515…




Amec wins £35m MoD nuclear contract

Amec Foster Wheeler said it has been awarded a £35 million five-year contract to supply the UK Ministry of Defence with research and technology (R&T) services….


Greggs: full year results ahead of expectations

Newcastle-based bakery and “food-on-the-go” retailer Greggs said in a trading update that its total sales rose 7% in the 52 weeks to December 31 and that it anticipates its full…




WEC wins £6m Airbus contract in Germany

Darwen, Lancashire-based engineering firm WEC Group said it has launched a major recruitment drive after securing a £6 million aerospace order for an Airbus assembly factory in Germany….



£60m extension plan submitted for Citylabs

Science and technology park operator Manchester Science Partnerships (MSP) said it submitted a planning application to Manchester City Council seeking approval for its proposed £60…


Vimto helps Nichols revenue up 7.3% to £117m

Merseyside-based soft drinks firm Nichols plc said in a trading update for the year to December 31 that group revenue increased 7.3% to £117.3 million. Nichols said the growth…


Boohoo 10-month sales soar 47% to £241.6m

Manchester-based online fashion retailer boohoo.com said sales rose 47% to £241.61 million in the 10 months to December 31, and soared 55% to £114.29 million in the…



Lloyds private equity firm invests in ChargePoint

Liverpool-based ChargePoint Technology said it secured a multi-million pound investment from private equity investor LDC, part of Lloyds Banking Group, to help it meet international demand…



Govt. no longer biggest Lloyds shareholder

The UK government said its has now recovered more than £18 billion of the £20.3 billion that taxpayers injected into the Lloyds Banking Group — owner of the Halifax,…


Styles&Wood buys GDM

Sale-based property services firm Styles&Wood Group plc said it acquired Kent-based specialist mechanical, electrical and environmental consultancy The GDM Group Limited for an initial payment of £4 million in cash and…


Endless buys IT storage firm MTI Europe

Leeds-based private equity firm Endless LLP said that Endless Fund IV acquired IT storage infrastructure firm MTI Europe BV from US-based private equity fund Garnett and Helfrich…


£36m to build 1,381 housing association homes

Manchester-based housing association Great Places Housing Group and its partners said they secured £36.2 million of government funding to build 1,381 affordable homes across the…


Bruntwood secures £115m Aviva loan

Manchester-based commercial property company Bruntwood said it secured a new £115.5 million, 15-year debt facility with Aviva Investors Real Estate Finance. Family-owned Bruntwood said the new loan “creates…


JCB wins $142m US Army order

Staffordshire-based JCB said it has won one of the biggest orders in the company’s 71-year history –a $142 million deal to supply the United States Army with a…


Gear4music sales up 55% to £24.4m

Shares of York-based Gear4music, the online international retailer of musical instruments and equipment, rose almost 4% after it revealed its sales soared 55% to £24.4 million in the four…


£335m for 3,000 housing association homes

Northern England housing association consortium JV North said it will invest £335.5 million to build nearly 3,000 homes over the next four years. The consortium of…


Glenbrook targets ‘last remaining’ quay site

Property developer Glenbrook said it submitted a planning application to Salford City Council to build 270 private rented apartments on the last remaining undeveloped site overlooking Erie Basin…



Radrizzani buys 50% stake in Leeds Utd

Leeds United Football Club confirmed that sports media executive Andrea Radrizzani’s Aser Group Holding, through it’s acquisition vehicle Greenfield Investment, has bought 50% of the club’s share capital. Leeds…



NCC sells Open Registry group for €3.75m

Manchester-based cyber security and risk mitigation firm NCC Group said it sold the Open Registry group of companies for about €3.75 million. The Open Registry group of companies comprises…



Harworth buys Preston’s Four Oaks for £13.5m

Harworth Group, the brownfield regeneration and property investment company, said it acquired Four Oaks Business Park in Preston, Lancashire for £13.5 million as part of its strategy…


Bradford Bulls ceases trading

The Rugby Football League (RFL) confirmed on January 3 that the administrator of Bradford Bulls (Northern) Limited has confirmed that the club has ceased trading. “While…


Boohoo completes £3.3m PrettyLittleThing deal

Manchester-based online fashion retailer boohoo.com plc said it completed the acquisition of 66% of 21 Three Clothing Company Ltd — known as PrettyLittleThing — for £3.3 million in cash….




BAE Systems surpasses 2,000 apprentices

BAE Systems said its need for a continuous supply of skilled employees — in particular for submarine programmes at Barrow-in-Furness, Cumbria — has led to the company currently training a…


Duffy to leave Entrepreneurial Spark

Jim Duffy, co-founder of business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark will…


£7.2m digital business growth fund launched

The Derby Derbyshire Nottingham Nottinghamshire (D2N2) Local Enterprise Partnership (LEP) will launch a £7.2 million fund in January aimed at helping 850 small and medium-sized enterprises…


Daisy seals £184m Alternative Networks deal

Nelson, Lancashire-based IT infrastructure and communications firm Daisy Group said it completed its acquisition of rival firm Alternative Networks plc. Daisy Group said the deal values Alternative Networks…



Russell Group universities seek new boss

The Russell Group of 24 leading UK universities — which includes Manchester, Newcastle, Durham, Liverpool, Sheffield, Nottingham, York and Leeds — is looking for a new director…



Boohoo offers to buy Nasty Gal assets for $20m

Manchester-based online fashion retailer boohoo.com plc said it has made an offer to acquire “certain intellectual property assets” from US retailer Nasty Gal Inc for $20…


Sports Direct to sell $137m Dunlop brand

Sports Direct International said it agreed sell its rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber Industries (SRI) for $137.5 million in…


Tritax in £102m Howden warehouse investment

Tritax Big Box REIT, a real estate investment trust, said it exchanged contracts — conditional on receiving planning consent — to provide forward funding for two large distribution warehouses at Warth…



Dart Group to buy $384m Boeing planes

Leeds-based Dart Group, owner of Jet2.com and Jet2holidays, said it agreed to buy a further four new Boeing 737-800NG aircraft in addition to the acquisition of 30 aircraft announced in…



Onex to buy Parkdean Resorts for £1.35bn

Canadian private equity firm Onex Corporation agreed to acquire Newcastle and Hemel Hempstead-based caravan holiday park operator Parkdean Resorts for £1.35 billion from Epiris, another…


Glencore chooses Teesport for northern hub

PD Ports agreed a three-year deal with soya bean and oilseed rape crusher Glencore Agriculture UK to use Teesport as its northern distribution hub. Glencore’s new…



Deutsche, Credit Suisse In $12bn Settlements

Deutsche Bank said it reached a settlement in principle with the US Department of Justice (DoJ) regarding civil claims in connection with the bank’s issuance and underwriting…



Alstom to buy Newcastle’s Nomad Digital

French transport giant Alstom has signed an agreement for the acquisition of Newcastle-based train wi-fi pioneer Nomad Digital from Amadeus Capital Partners, SEB Venture Capital and Deutsche…