Eddie Stobart ‘engaging with its lenders’ amid crisis
Troubled Warrington-based Eddie Stobart Logistics said on Monday the firm “is relying more heavily on its available debt facilities” and “is currently engaging with its…
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Revenue rises to £250m at Sheffield’s Gleeson
Oil prices up 15% after attack on Saudi facilities
London Stock Exchange rejects Hong Kong bid
N Brown shares fall as it reveals more PPI claims
Co-op H1 sales hit £5.4bn, but Brexit threatens supply
Morrisons H1 revenue tops £8.8bn, profit hits £198m
Hong Kong in $39bn offer for London Stock Exchange
Revenue up 97% at Wakefield games firm Team17
JD Sports H1 tops £2.7bn amid Belgium Brexit plan
Shares of Bury-based JD Sports Fashion Plc, the UK’s biggest sportswear retailer, rose about 6% on Tuesday after it said its revenue increased 47% to £2.7 billion and…
Intu shares soar on buyout speculation
Shares of Intu Properties plc — which runs 17 shopping centres including Manchester’s Trafford Centre and Arndale Centre, Newcastle’s Eldon Square and Gateshead’s Metrocentre — rose…
Lloyds warns of £1.8bn PPI hit, suspends dividend
Lloyds Banking Group (LBG) said on Monday it will make extra provisions for payment protection insurance (PPI) claims of between £1.2 billion and £1.8 billion…
Eddie Stobart gets takeover approach from DBAY
Warrington-based Eddie Stobart Logistics Plc said on Monday its third largest shareholder, Isle of Man-based DBAY Advisors Limited, has made a preliminary expression of interest…
Liverpool City Region in £172m green transport plan
Liverpool City Region Combined Authority on Friday approved plans to invest £172 million in public and sustainable transport to drive inclusive growth across the city…
SIG shares fall amid construction ‘deterioration’
Shares of Sheffield-based European building materials supplier SIG plc fell about 6% on Friday after it warned of a “marked deterioration” in the level of construction…
Severfield shares up as order book hits £301m
Shares of Thirsk, North Yorkshire-based steel group Severfield rose about 5% on Thursday after it published a strong AGM trading update that revealed that a number…
Shares of Yorkshire Bank parent CYBG fall 21%
Shares of banking group CYBG — owner of Yorkshire Bank, Virgin Money and Clydesdale Bank — fell more than 20% on Thursday after it said…
Redrow hits records with £2.1bn revenue, £406m profit
Flintshire-based house builder Redrow said on Thursday its revenue rose 10% to a record £2.1 billion in the year to June 30 and pre-tax profit climbed…
Go-Ahead signals interest in FirstGroup UK bus division
The chief executive of Newcastle-based bus and rail giant Go-Ahead Group has signalled potential interest in Aberdeen-based FirstGroup’s under-review UK bus division. Speaking to the…
Boohoo shares up 15% after strong trading statement
Shares of Manchester-based online fashion giant Boohoo Group plc rose about 15% on Thursday after it issued a first-half trading update saying its performance “has…
Yorkshire Bank owner faces £450m more PPI charges
Banking group CYBG — owner of Yorkshire Bank, Virgin Money and Clydesdale Bank — said on Wednesday evening it expects to increase its provisions for…
HS2 delayed up to five years as cost rises to £88bn
The UK Government said on Tuesday the proposed high-speed rail project to improve links between London and northern England will cost about £20 billion more…
Turnaround on track says Accrol, Blackburn tissue firm
Shares of Blackburn-based tissue maker Accrol Group rose about 4% on Tuesday after it said it had carried out a “successful and rapid turnaround” of the…
Peel in new push with £1.2bn Bolton Ryder Cup plan
Peel L&P said on Tuesday it has prepared and submitted fresh evidence ahead of the public inquiry commencing on October 1 in support of its…
Tesco Bank sells £3.8bn mortgages to LBG’s Halifax
UPDATE 3 — Tesco Bank announced on Tuesday the sale of its mortgage portfolio to Lloyds Banking Group for £3.8 billion in cash. “The mortgage portfolio has…
Brexit forces vet drug firm Dechra into Europe moves
Chesire-based veterinary drugs giant Dechra Pharmaceuticals Plc said on Monday it changed the ownership of all its UK marketing authorisations to a new unit in…
North West created 130,000 jobs in 2018, report says
England’s North West and Yorkshire & The Humber clearly led regional job growth in the UK in 2018, with both areas enjoying a 3.5% increase…
Clipper Logistics’ revenue rises 15% to £460m
Shares of Leeds-based retail logistics firm Clipper Logistics plc rose 3% on Friday after it said its revenue increased 15% to £460.2 million in the…
Liverpool Cruise Terminal in £5bn plan gets go-ahead
The Liverpool Cruise Terminal at Peel L&P’s £5 billion Liverpool Waters scheme has been given the go-ahead by planners. The city’s new terminal will be…
York’s Gear4music sees ‘robust’ trading; shares rise
Shares of York-based Gear4music, the largest UK-based online retailer of musical instruments and music equipment, rose more than 5% on Friday after it released a trading…
‘Significant’ oil and gas discovery in Humberside
Shares of Reabold Resources and Union Jack Oil rose on Thursday after the firms said well testing has revealed that their West Newton project near…
Manchester’s Cussons to sell Minerva and Luksja
Manchester-based soaps and consumer products company PZ Cussons said on Thursday it agreed to sell its Greek food subsidiary Minerva and its Polish personal care brand Luksja…
Leeds mass transit system takes another step forward
West Yorkshire Combined Authority, which is developing proposals for an advanced mass transit system for the Leeds City Region, said it is now seeking “ideas…
Henry Boot revenue slips to £189m but dividend raised
Sheffield-based property investment and construction group Henry Boot plc said on Friday its profit before tax fell 8% to £24.1 million for the six months…
Eddie Stobart crisis as CEO leaves, shares suspended, and results delayed amid accounting probe
Warrington-based Eddie Stobart Logistics plc said on Friday its CEO Alex Laffey will “stand down … with immediate effect” as the firm said it will suspended…
Stobart Group signs up Wizz Air for Southend Airport
Carlisle-based aviation, energy and civil engineering firm Stobart Group — still recovering from recent boardroom battles — on Thursday announced a new partnership with the largest low-cost airline…
Transport for North in £700m road improvement bid
Transport for the North said on Wednesday it has submitted a bid for £700 million of investment in the region’s roads over the next five…
Tracsis, Leeds transport firm, expects £46.7m revenue
Shares of Leeds-based Tracsis plc, a provider of software and services for the traffic data and transportation industry, rose about 5% on Tuesday after it announced a…
Scandal-hit Persimmon sees revenue and profit fall
Scandal-hit York house building giant Persimmon said on Tuesday its revenue and profit fell in the six months to June 30 as it spent money…
Shareholder-first purpose ditched by CEOs
The influential Business Roundtable in the United States on Monday announced a new “Statement on the Purpose of a Corporation” signed by 181 CEOs that…
Cross-border deals fall 53% to £1.36bn in North West
Companies in the North West of England showed continued appetite for cross-border transactions in the first half of 2019, with 22 firms in the region…
Brexit takes a bite out of Asda first-half sales
Walmart’s Leeds-based subsidiary Asda has reported a like for like sales decline of 0.3% for the first half of 2019 compared to the same period…
Leaders demand £39bn Northern Powerhouse Rail
Leaders from across the North of England on Thursday called on the UK Government to commit to a “Northern Budget” to deliver a boost to…
Marshalls first-half revenue up 15% to £280m
Elland, West Yorkshire-based landscaping products company Marshalls plc said on Thursday its revenue for the six months ended June 30, 2019, grew 15% to £280.1 million…
Sports Direct shares fall 10% as its auditor quits
Shares of Mike Ashley’s Sports Direct International fell 10% on Wednesday after it said in a stock exchange statement that Grant Thornton is to quit…
Lookers H1 profit falls 27% in ‘challenging’ market
Manchester-based car dealership Lookers plc on Wednesday posted a 27.5% drop in first-half underlying pretax profit to £29.2 million amid what its CEO called “an…
FirstGroup To Replace Virgin On West Coast Rail Line
Transport giant FirstGroup plc said on Wednesday its First Trenitalia partnership has been awarded the contract to operate the lucrative train services on the West Coast…
Doncaster’s Polypipe H1 revenue up 6% to £223m
Doncaster-based plastic piping and ventilation systems firm Polypipe said on Tuesday its first-half revenue rose 6.2% tot £223.3 million with a strong contribution from recent acquisitions. First-half…
Card Factory shares fall despite ‘robust’ sales
Shares of Wakefield-based greeting card and gift retailer Card Factory fell 5% on Tuesday after it said its second quarter was “a little weaker” despite total…
Henry Boot in social housing move with Starfish stake
Sheffield-based Henry Boot Construction Limited has acquired a majority shareholding in Derbyshire-based Starfish Commercial Limited for a nominal sum. Starfish is a housing contractor and…
Benchmark falls 30% amid ‘challenging conditions’
Shares of Sheffield-based Benchmark Holdings, the aquaculture health, genetics and nutrition firm, fell almost 30% on Monday after it produced a third-quarter trading update warning of…
UK economy shrinks for first time since 2012
The UK economy shrank for the first time since 2012 in the second quarter of 2019 as manufacturing and construction both slumped. Production output fell…
On the Beach plummets as pound falls, Brexit bites
Shares of Manchester-based holiday retailer On the Beach Group plc (OTB) fell 17% on Friday after it issued a profit warning saying it has been hit…
Co-op Bank narrows loss to £38.5m, cautions on future
Manchester-based Co-operative Bank plc said on Thursday it narrowed its statutory loss for the six months to June 30 to £38.5 million from a £39.5…
Newcastle’s Bellway expects £3.2bn housing revenue
Newcastle-based house building giant Bellway on Thursday issued a trading update for the year ended July 31, 2019, saying its housing revenue is expected to rise by…
Henry Boot hires ex-British Land exec Roberts as CEO
Sheffield-based property investment and construction group Henry Boot plc said on Wednesday it appointed former British Land executive Tim Roberts as its new chief executive…
Boohoo buys £18m online arms of Karen Millen, Coast
Manchester-based online fashion giant Boohoo Group plc said late on Tuesday it completed an asset purchase agreement for British brands Karen Millen and Coast. The…
Eddie Stobart to manage Grangemouth-Tilbury rail
Forth Ports confirmed on Tuesday that — in partnership with Direct Rail Services (DRS) and Eddie Stobart — the freight rail service which provides a…
Boohoo bids for Karen Millen, Coast online business
Manchester-based online fashion giant Boohoo Group plc confirmed on Tuesday it has made an offer to acquire the online business of Karen Millen and Coast. Boohoo…
Sirius suspends $500m bond sale for North Yorks mine
Shares of Scarborough-based Sirius Minerals plc, the firm behind the controversial $2.9 billion fertilizer mine in North Yorkshire, fell 29% on Tuesday after it suspended a $500 million junk bond sale….