SIG shareholders reject reappointment of Deloitte

Sheffield-based European building products distributor SIG plc suffered a huge shareholder revolt on Thursday when more than 75% of investors rejected the reappointment of Deloitte as SIG’s auditor…


Stobart Group revenue rises to £242m

Aviation, energy and rail firm Stobart Group said its revenue for the year ended February 28, 2018, rose to £242 million from £129.4 million the previous year and it…


Morrisons sales up amid merger frenzy

Shares of Bradford-based supermarket group Morrisons rose about 3% on Thursday after it produced a positive quarterly trading update and became the subject of speculation on…


Provident shares up 8% on recovery plan news

Shares of embattled Bradford-based subprime lender Provident Financial rose about 8% on Wednesday after it said in a trading statement its recovery plan is on track and that…










Harworth grows land bank with £45m of deals

Rotherham-based real estate and brownfield regeneration firm Harworth Group plc announced the acquisition of four strategic sites across the North of England and the Midlands for…




Virgin Money mortgage balances up to £34bn

Shares of Edinburgh and Newcastle-based Virgin Money rose about 6% after it said in a first-quarter trading update that it reaffirmed its 2018 guidance on performance and…





Sainsbury confirms Asda merger talks

J Sainsbury plc confirmed on Saturday that it is in “advanced discussions” about merging with Walmart’s Leeds-based subsidiary Asda. It is not yet clear how…




Big investors vote against Persimmon CEO’s £75m

Aberdeen Standard Investments voted against the “enormous” remuneration packages for executives at York-based housebuilder Persimmon including a £75 million package for Persimmon CEO Jeff Fairburn at the…





CMA clears Co-op’s £137m deal to buy Nisa

The UK’s Competition and Markets Authority (CMA) has cleared the £137.5 million purchase of Scunthorpe-based Nisa Retail Limited by the Manchester-based Co-op following an investigation. “After closely examining all…



Drax starts £50m share buy-back programme

Selby, North Yorkshire-based power company Drax Group said on Friday it is commencing a £50 million share buy-back programme. J.P. Morgan Securities plc (JPMS plc) will…



Maven Capital to manage £27m North East fund

Private equity firm Maven Capital Partners said it has been appointed to manage the £27 million North East Development Capital Fund (NEDCF) which will provide equity, debt…




Sage shares fall amid revenue warning

Shares of Newcastle-based software giant Sage Group fell more than 9% after it said in a trading update that first half organic revenue growth results “were below…



Eddie Stobart brand name could be changed

Warrington-based Eddie Stobart Logistics plc said it could drop the iconic Eddie Stobart brand name in the next few years. Eddie Stobart Logistics currently pays its…











Conviviality ‘intends to appoint administrators’

Troubled Crewe-based alcohol wholesaler and distributor Conviviality Plc — which owns Bargain Booze and Wine Rack — said on Thursday it intends to appoint administrators within 10 business days….


Leeds consultancy WYG expects £155m revenue

Leeds-based WYG, the AIM-listed project management consultancy, said it expects revenue and operating profit for the year, before separately disclosed items and share-based payments, to be in…