April 2018


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…