Go-ahead for Sunderland seafront development
A major plan to breathe new life into Sunderland’s seafront has been given outline permission by the city council. A planning application from regeneration business…
June 2017
£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…
Co-op Bank agrees complex £700m rescue package
The troubled Manchester-based Co-operative Bank said on Wednesday it agreed a complex £700 million rescue package with its major investors that would shore up its…
Northgate shares fall as UK vehicle rentals slow
Shares of Darlington-based vehicle hire company Northgate Plc fell 16% after it said its profit before tax fell about 7% to £72.2 million in the year…
Findel revenue £457m; charges lead to £59m loss
Shares of Hyde-based online retailer Findel plc fell 4.5% after it said its revenue rose 11.3% to £457 million in the 53 weeks to March 31 — but…
Co-op Bank scraps sale to focus on raising capital
Troubled Manchester-based Co-operative Bank said on Monday it has dropped plans for a sale and will continue its “advanced” discussions with a group of existing investors…
17% drop in farm workers amid Brexit fallout
A new survey by the National Farmers Union (NFU) has shown that amid confusion over the UK’s Brexit strategy, numbers of seasonal workers coming to…
Salford hires architects for campus masterplan
The University of Salford and Salford City Council have selected 5plus Architects as master planners to create a development framework for the university’s estate and a…
IPO for Chesire’s Tatton Asset Management
Cheshire-based financial advisory company Tatton Asset Management announced its intention to float on the Alternative Investment Market (AIM) of the London Stock Exchange. Tatton said…
Leeds’ Callcredit buys Spain’s Confirma group
Leeds-based Callcredit Information Group, which is backed by private equity firm GTCR, has acquired the Spanish Confirma group of companies — comprising Confirma Sistemas and Soluciones…
Doncaster Sheffield ‘fastest growing airport’
Doncaster Sheffield Airport said it has become the country’s fastest growing airport. It said the latest Civil Aviation Authority (CAA) figures showed the airport had…
Liverpool Region visitor economy worth £4.3bn
Liverpool City Region’s visitor economy is now worth £4.3 billion, last year welcomed more than 62 million visitors to the region and supports more than…
Centrica to close gas facility off Yorkshire coast
British Gas owner Centrica said it would close its ageing Rough facility off the Yorkshire coast, the UK’s largest natural gas storage site. Analysts said the…
N Brown shares up amid online growth, store closures
Shares of Manchester-based fashion retailer N Brown Group rose about 8% after it said in a trading statement its product revenue rose 10.2% in the…
Co-op Bank confirms ‘advanced’ rescue deal talks
Manchester-based Co-operative Bank on Monday confirmed that it is in “advanced discussions with a group of existing investors with a view to a prospective equity…
Bonmarché profit falls 39% in ‘challenging’ year
Wakefield-based Bonmarché, the discount fashion retailer aimed at women over 50, said pre-tax profit fell 39.4% to £5.8 million in the 53 weeks to April…
Australia’s IFM takes wheel with M6 toll acquisition
IFM Investors, the Australian pension fund-owned investment manager, said it acquired a controlling majority stake in the outstanding commercial debt of the UK’s M6 toll…
DFS falls 20% as it blames election for profit warning
Shares of Doncaster-based furniture retail company DFS fell more than 20% after it blamed “customer uncertainty regarding the general election” for a profit warning in a…
Bellway shares up amid ‘robust market conditions’
Shares of Newcastle-based house builder Bellway plc rose on Wednesday after it issued a trading statement saying it enjoyed a 13% increase in its reservation rate…
Severfield profit doubles as revenue hits £262m
Thirsk, North Yorkshire-based steel group Severfield said its profit before tax nearly doubled to £18.1 million on revenue up 10% to £262.2 million in the…
North West exports up 21% to £8bn in first quarter
The fall of the pound helped the value of exported goods by companies in the North West of England rise 21% to £8 billion in the three months…
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….
Billings hit £404m at gift card firm Park; CEO to retire
Birkenhead-based prepaid gift, reward and savings card firm Park Group said it achieved a 5.1% advance in billings to £404.5 million in the year to…
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…
Leeds office take-up set for record year – Savills
Office take-up in Leeds is on track to reach 800,000 square feet by the end of 2017, which would be 94% above the 2016 total…
Manchester Airport ‘third worst’ despite record May
New routes helped Manchester Airport have its busiest May on record with 2.5 million passengers passing through its terminals, an increase of 12%. However, despite…
Nisa Retail hires Lazard to explore sale – report
Scunthorpe-based Nisa Retail, the member-owned convenience store group, is exploring a sale, according to a report on Sky News. The report said bankers from Lazard have…
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…
Print and web group Grafenia reports near £1m loss
Manchester-based print and web design company Grafenia, owner of Nettl web studios, is finding things tough. The company said it had a pre-tax loss of £990,000 in…
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…
International growth as GB Group revenue tops £87m
Chester-based identity data company GB Group said its revenue grew 19.2% to £87.5 million and profit before tax rose 8.2% to £10.1 million in the year ended March 31,…
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…