Northern Financial Review

The UK pound hit a new 37-year low against the US dollar and UK government bonds sold off sharply on Friday as markets prepared for…

Sunderland-based furniture and floorings retailer ScS Group announced that John Walden will join its board on March 1, 2023, as independent non-executive director and non-executive chair designate….

New research from Manchester-based venture capital firm Praetura Ventures argues that the UK economy is losing out on a potential £92 billion to GDP due…

Shares of Bury-based FTSE 100 retailer JD Sports Fashion Plc fell as much as 8% on Thursday after it published results for the 26 weeks…

Manchester United has announced a loss of £115.5 million for the 12 months ended June 30, 2022, even though revenues rose 18% to £583.2 million. The £115.5…

Manchester-based consumer products company PZ Cussons said it has made a good start to its current financial year, with like-for-like revenue growth of 6.7% to £162.7…

Manchester-based Co-op Group has announced a new leadership structure for its convenience and wholesale operations. After six years with the Co-op, with over five years as…

Shares of Ladbible parent firm LBG Media plc fell about 23% on Wednesday after it published results for the half year ended June 30, 2022. Manchester-based…

Bury-based FTSE 100 retailer JD Sports Fashion Plc announced it has reached agreement with former executive chairman Peter Cowgill “with respect to his departure from the…

Sheffield-based property investment and construction group Henry Boot announced its first-half profit before tax soared 68% to £38.8 million “due to strong performance of residential land…

Northcoders Group plc said its revenue rose 117% to £2.37 million in the six months ended June 30, 2022, with the firm reporting particularly strong demand…

Frasers Group announced that Mike Ashley will step down from its board at the firm’s AGM on October 19, 2022, months after handing over the…

Shares of Sheffield-based aquaculture biotech firm Benchmark Holdings rose about 5% on Friday after it announced a refinancing through a new senior unsecured green bond…

Liverpool-based FTSE 100 firm B&M European Value Retail S.A. has confirmed that CFO Alex Russo will succeed Simon Arora as group CEO on September 26, 2022, the commencement…

Sheffield-based affordable house builder MJ Gleeson plc has delivered revenue up 29.4% to a record £373.4 million in the year to June 30, 2022, and profit before tax up…

Shares of THG plc, the Manchester e-commerce, beauty and nutrition giant, fell about 11% on Thursday after it cut its full-year sales and profit expectations. That’s…

Shares of Doncaster-based DFS Furniture plc fell about 7% on Thursday after it reported its pre-tax profit fell 43% to £58.5 million in the 52 weeks ended June…

Redrow plc, the Flintshire-based house building giant, said its revenue increased 10% to £2.14 billion, just above its 2019 pre Covid record level, in the…

Wakefield-based Team17 Group, the developer of video games and educational entertainment apps, said its revenue grew 33% to a record £53.2 million in the six months to June…

Bury-based FTSE 100 retailer JD Sports Fashion Plc, which recently overhauled its corporate governance structure, has announced a series of board committee appointments. JD Sports…

Doncaster-based DFS Furniture plc announced that Ian Durant will retire as chair at the AGM on November 4 2022 and will be succeeded by remuneration committee…

Newcastle-headquartered Grainger plc, the UK’s largest listed residential landlord, said on Monday its occupancy level remains at record levels of over 98%. Grainger CEO Helen Gordon said…

Shares of York-based online musical equipment retailer Gear4music fell about 11% on Friday after it published an AGM trading update saying it will “moderate” its…

Doncaster-based DFS Furniture plc announced that Poland-based upholstery firm Adriana S.A. has bought shares in DFS representing 7.78% of voting rights. “DFS Furniture plc notes the…

Shares of Severfield plc, the Thirsk, North Yorkshire-based steel group, rose about 5% after it published a strong AGM trading update for the first five months…

SIG plc, the Sheffield-based international building materials supplier, announced that “following its successful turnaround and return to profitability” Steve Francis will step down as CEO…

Shares of Chester-based identity verification company GB Group (GBG) soared almost 25% on Wednesday amid confirmation that Chicago-based private equity firm GTCR is considering a…

Shares of Barrow-in-Furness international marine engineering company James Fisher and Sons plc fell about 6% on Wednesday after it announced its statutory profit before tax…

Bruntwood SciTech — the 50:50 joint venture between Bruntwood and Legal & General — has submitted a planning application to deliver two new buildings for…

Manchester-based global cyber security and risk mitigation firm NCC Group said its revenue increased 16.4% to £314.8 million in the year to May 31, 2022, and profit…

Blackburn-based toilet roll and tissue maker Accrol Group said its revenue rose about 17% to £159.5 million in the year ended April 30, 2022, while adjusted…

Manchester industrial chain and power transmission firm Renold plc said on Tuesday the strong momentum it experienced in the second half of the last financial year…

Manchester-headquartered international law firm DWF Group plc announced that Matthew Doughty is to be appointed its Chief Growth & Strategy Officer (CSO) and Matthew Glenville appointed…

Wetherby-based clinical stage oncology drug company Avacta Group plc announced that the US Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to the…

Chesire-based international veterinary drugs giant Dechra Pharmaceuticals announced its revenue grew 13.8% to £681.8 million and underlying operating profit increased 9.4% to £174.3 million in…

Carlisle-based agriculture and engineering firm Carr’s Group announced it agreed to sell its interests in the Carr’s Billington Agriculture business to Edward Billington and Son Limited…

Northern Gritstone, which invests in university spin-out businesses in the north of England, announced the appointment of Alison Maughan as investment manager. Maughan joins Northern…

Manchester-based Co-op Group announced it has sold its petrol forecourt estate to Leeds-based Asda for an enterprise value of £600 million. The Co-op said the enterprise value…

Chesire-based international veterinary drugs giant Dechra Pharmaceuticals announced it has acquired Med-Pharmex, a veterinary pharmaceutical manufacturer based in Pomona, California, for £221.5 million. “The acquisition will…

Bradford-based Yorkshire Building Society announced that Barclays executive Susan Allen has been appointed as its chief executive officer. Yorkshire Building Society has assets of £56.4…

Manchester-based Co-op Group is in talks to sell 130 of its petrol stations for about £450 million as it seeks to reduce its debts, according…

Leeds-based supermarket giant Asda said its second-quarter revenue, excluding fuel, fell about 2% to £4.9 billion Asda also said it is taking “far-reaching steps” to support…

M&G Wealth has announced that Tim Sargisson, CEO of Huddersfield-based independent financial advice firm Sandringham Partners, is to leave the business early next year. Sargisson…

Aviva Investors said it completed a deal to provide £72.5 million in funding to Peaks & Plains Housing Trust, a social landlord based in Macclesfield,…

Germany-based chemicals and ingredients distribution firm Brenntag announced the acquisition of Leeds-based Prime Surfactants Limited. Brenntag said Prime is “a leading distributor of surfactants specialties for…

Shares of Leeds-based transport data analytics firm Tracsis plc rose about 4% on Wednesday after it published a trading update for the year ended July 31, 2022,…

Shares of Altrincham-based car dealership Lookers plc rose as much as 8% on Wednesday after it said its first-half revenue rose 3.6% to £2.23 billion and…

Manchester-based Co-op confirmed on Tuesday that Shirine Khoury-Haq has been appointed as group CEO on a permanent basis.   Co-op appointed Khoury-Haq, formerly group CFO and CEO…

Manchester-based Co-op announced it will team up with Uber Eats to offer quick, online home delivery via the Uber Eats app from around 1,000 Co-op…

Battery technology pioneer Britishvolt, planning to create thousands of jobs by building the UK’s first battery gigaplant in Blyth, Northumberland, has announced “a transition within its…

The North of England is set for an economic boost as it was confirmed that direct air links with China will be restored for the…

The debt of the UK government was £2.388 trillion at the end of July 2022 — an increase of £188.4 billion compared with July 2021…

Shares of Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, fell about 7% on Thursday after it published “robust” results for the half year…

Shares of Bolton-based online electrical retailer AO World plc rose about 13% on Thursday after it announced results for the year to March 31, 2022 — but…

Chesire-based NWF Group plc, the business that delivers fuel, food and agricultural feeds across the UK, announced that David Downie has informed the board he…

Manchester-based online fashion giant Boohoo announced it recently made a strategic investment in Revolution Beauty Group plc “amounting to a direct interest as at the close…

York-based house building giant Persimmon plc said it returned £750 million to shareholders by July 2022 as it announced first-half results that showed revenue slipped to £1.69…

Newcastle-based Sage Group announced it agreed to acquire Lockstep, a Seattle, Washington-based provider of “cloud native technology” that automates accounting workflows between companies. Sage provides accounting,…

Harrogate-based equipment rental group Vp plc — which in April launched a formal sale process (FSP) for the company — announced it has decided to conclude…

Manchester Airports Group (MAG) said its passenger numbers continued to recover in July, with its three airports handling 85% of pre-Covid passenger numbers, up from…

Shares of North Yorkshire power generator Drax Group fell as much as 11% on Thursday after UK Business and Energy Secretary Kwasi Kwarteng questioned the company’s…

Manchester-based drug discovery company C4X Discovery Holdings announced on Thursday morning a placing of shares with institutional investors to raise up to £5.7 million. C4X said the…

SIG plc, the Sheffield-based international building materials supplier, said its revenue rose 22.6% to £1.358 billion in the six months ended June 30, 2022. SIG…

Shares of Northcoders Group plc rose almost 20% on Tuesday after it announced it was successful in securing further funding from the UK’s Department for…

Newcastle-based house building giant Bellway announced its housing revenue rose 13% to a record high of over £3.5 billion as it published a trading update for…

Newcastle Building Society announced it entered into an exclusivity agreement with the much smaller Manchester Building Society “to explore the possibility of a merger by…

Skipton Building Society said its savings balances grew 6% to £21 billion in the first half of 2022, with pre-tax profit for the period edging higher to…

Carlisle-based agriculture and engineering firm Carr’s Group announced that “after an extensive search process” it has appointed its chairman Peter Page to the role of…

Wilmslow-based pet and vet retailer Pets at Home Group said on Friday its revenue rose 7.1% to £404.7 million in its first quarter that ended on July…

The UK’s central bank on Thursday announced its biggest interest rate hike in 27 years and warned the UK is heading for more than a year…