Go-Ahead shares fall as Southern rail hits profits
Shares of Newcastle-based transport group Go-Ahead Group fell more than 13% after it said half year results to December 31 were in line with management expectations but that…
Shares of Newcastle-based transport group Go-Ahead Group fell more than 13% after it said half year results to December 31 were in line with management expectations but that…
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%…
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…
Liverpool Football Club announced that Peter Moore will become its new chief executive officer in June and report directly to the club’s owners, Fenway Sports Group. Liverpool-born…
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…
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…
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…
York-based housebuilder Persimmon said its 2016 revenue increased 8% to £3.14 billion and profit before tax rose 23% to £774.8 million as it delivered 15,171 homes across the UK, an…
Land Securities said it completed the sale of The Printworks landmark city centre leisure complex in Manchester to DTZ Investors for £108 million. Redeveloped in 2000, The…
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…
Newcastle Building Society said its gross mortgage lending rose 46% to £496 million in 2016 and and net lending increased from £10 million to £195 million. Newcastle…
Nissan said it reached a milestone of nine million cars built at its Sunderland plant — which employs 6,700 — since production began in 1986. The company…
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…
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…
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…
The UK government’s Northern Powerhouse Minister Andrew Percy called on the North of England to come together to tackle the “massive” challenges facing the region….
Investment to improve east-west transport links is the key to unlocking the North’s economic growth, the UK Northern Powerhouse conference in Manchester was told. The UK…
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 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 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…
Leeds Building Society said it delivered record profits before tax for the fourth consecutive year as it grew its assets to £15.9 billion in 2016 from…
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…
The World Bank said in a new paper that economic policy uncertainty in Europe and the United States is contributing to a decline in world trade…
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…
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…
Clydesdale and Yorkshire Bank owner CYBG said late on Monday that it notified Royal Bank of Scotland that it has withdrawn its preliminary non-binding proposal for,…
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…
Rotherham-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…
North Wales-based firm Qioptiq has won a new £82 million contract with the UK’s Ministry of Defence. “The deal with Qioptiq in St Asaph, North Wales, will see…
Dutch multinational firm AkzoNobel — owner of brands including Dulux and Polyfilla — said it will develop a new €12.6 million research and innovation hub at…
Unilever and Kraft Heinz announced in a joint statement on Sunday that Kraft Heinz “has amicably agreed to withdraw its proposal for a combination of…
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…
Student accommodation developer Unite Group plc said it would sell 13 properties comprising 4,175 beds to a Brookfield-managed fund for £295 million, with Unite’s share of the deal…
Swiss company Stadler said it signed a deal with Merseytravel worth up to £700 million to build and maintain 52 metro trains on the Merseyrail network…
Shares of Selby, North Yorkshire-based power company Drax Group fell more than 5% on Thursday after it said earnings before interest, tax, depreciation and amortisation (EBITDA)…
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…
New York-based organic and natural products giant Hain Celestial Group said one of its wholly-owned subsidiaries agreed to buy North Yorkshire-based soup company Yorkshire Provender for…
Real estate advisors Colliers International said take-up of prime office space in Manchester reached its highest level for seven years in the final quarter of…
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 —…
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…
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…
The future of the UK’s new £10 billion Moorside nuclear plant on the Cumbria coast has been put in doubt after Japan’s Toshiba Corp — which is…
Nasdaq-listed Gateshead company Sevcon, which makes components for low carbon vehicles, said none of the director candidates nominated by “dissident” director Ryan Morris and his firm Meson Capital…
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…
Edinburgh-based tidal power company Atlantis Resources announce an agreement to partner Natural Energy Wire (NEW) to develop the Wyre tidal project to be built between…
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…
International industrials and metals group Liberty House said it agreed to buy Tata Steel UK’s speciality steels business for about £100 million. Liberty said the deal secures the…
Whistl, the second largest postal operator in the UK, said it will move into a new “super depot” for its North of England operations in late…
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…
Flintshire-based house builder Redrow said its revenue rose 23% to a first half record of £739 million in the six months to December 31 and pre-tax profit soared…
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-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…
Lloyds Banking Group — which owns Halifax and Bank of Scotland — said it will undertake a review of all customer cases which may have…
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…
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…
The Northern Powerhouse Partnership (NPP) said in its first report the Northern economy has the potential to benefit from £100 billion gross value added and 850,000…
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…
Johnston Press — owner of The Yorkshire Post, The Scotsman and the i newspaper — said in a trading statement that although its revenue fell…
The UK’s central bank has increased its central expectation for UK growth in 2017 to 2% — up from its November forecast of 1.4% — and expects…
Better connected ports and airports in the North of England could release massive potential benefits for trade and business growth, a report from an independent…
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…
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-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…
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…
Shares of Manchester-based TalkTalk Telecom Group rose about 9% after it said Dido Harding would step down as CEO in May 2017 after seven years and…