Sage shares fall as CEO leaves; CFO to run firm
Shares of Newcastle-based software giant Sage Group, the UK’s largest listed tech company, fell about 7% after it said its CEO Stephen Kelly will leave the company….
August 2018
Eddie Stobart H1 revenue up 25% to £359m
Warrington-based Eddie Stobart Logistics plc said on Thursday its revenue rose 25.3% to £359.3 million in the six months ended May 31, 2018. First-half profit was £1.4 million…
Pelsis buys Curtis Gilmour to create €125m firm
Knaresborough, North Yorkshire-based pest control firm Pelsis has acquired US-based Curtis Gilmour in a deal that will see it significantly expand its global presence. The…
Yorkshire Post owner’s H1 Revenue Falls 10% To £93m
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Wednesday its revenue…
Stagecoach in £56m Manchester electric bus plan
Stagecoach, Britain’s biggest bus and coach operator, on Tuesday announced a £56 million plan to deliver Europe’s largest single investment in electric buses for Greater…
CMA to investigate Sainsbury’s-Asda merger
The Competition and Markets Authority (CMA) said on Thursday it has launched a formal investigation into the proposed merger between J Sainsbury and Asda Group. Sainsbury’s…
Persimmon first-half revenue up 5% to £1.8bn
York-based Persimmon, the UK’s second-largest house builder, said on Tuesday its profit before tax increased 13% to £516.3 million and revenue was up 5% to £1.84 billion in the…
Drax switches on fourth biomass generating unit
Selby, North Yorkshire-based power company Drax Group said it has switched on its fourth biomass generating unit — taking its giant power station a step closer…
Interserve clinches £105m Durham University project
A consortium led by international support services and construction group Interserve have reached financial close on a £105 million project for Durham University. The scheme…
Asda reports growth ahead of Sainsbury’s deal
Walmart’s Leeds-based subsidiary Asda — currently preparing to be taken over by Sainsbury’s — has reported a fifth quarter of positive growth in the period from April 1 to…
On The Beach shares soar amid deal, profit hopes
Shares of Stockport-based beach holiday retailer On the Beach Group plc rose 14% on Thursday after it said its profit for the financial year “will be broadly…
Liverpool ‘visitor economy’ now worth £4.5bn
New research shows that Liverpool City Region’s “visitor economy” is now worth more than £4.5 billion, last year welcomed 64 million visitors to the region…
Lookers first-half revenue up 5% to £2.6bn
Manchester-based car dealership Lookers plc said its turnover increased 5% to £2.58 billion in the six months to June 30, but adjusted profit before tax fell 14%…
Sheffield’s Sumo buys The Chinese Room
Sheffield-based video gaming giant Sumo Group plc said it acquired Brighton-based game development studio The Chinese Room Ltd for a total consideration of £2.2 million…
Co-op Bank finance boss to leave after year in job
Manchester-based Co-operative Bank plc said on Friday that Tom Wood, its chief financial and restructuring officer, “has decided to step down from his position following…
Ashley’s Sports Direct buys £90m House of Fraser
Mike Ashley’s Sports Direct International announced on Friday it acquired House of Fraser from administrators for £90 million in cash. Sports Direct International said in a stock exchange…
Card Factory shares down 10% amid profit warning
Shares of Wakefield-based greeting cards retailer Card Factory fell about 10% after it said it expects underlying earnings for the year to be between £89 millon…
Bellway hits £3bn, but price slowdown hits shares
Newcastle-based house building giant Bellway said its revenue rose about 16% to a record of almost £3 billion in the year ended July 31, 2018, and…
UK would run out of food without Brexit deal – NFU
The National Farmers’ Union (NFU) has warned the UK would run out of food in seven months if it relied only on British-grown produce. NFU president…
NG Bailey order book tops £1bn, but turnover slips
Ilkley, West Yorkshire-based NG Bailey, the UK’s largest independent engineering, IT and facilities services group, saw its order book break the £1 billion milestone in the 12 months…
Pets At Home Q1 revenue up 8% to £277m
Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, reported revenue growth of 8.1% to £277.4 million for the 16 week period…
New CEO as Leeds Building Society assets top £19bn
Leeds Building Society on Friday announced results for the first half of 2018, saying its total assets increased to £19.5 billion, up 13% since June…
Yorkshire Building Society assets up to £42.3bn
Bradford-based Yorkshire Building Society’s recent interim results showed its core operating profit rose to £86.3 million for the first six months of the year compared to £84.2 million…
Sage confident of achieving revenue guidance
Newcastle-based software giant Sage Group, the UK’s largest tech company, said on Thursday it remains confident of achieving its full year guidance on “organic” revenue…
Skipton Building Society assets top £22bn
Skipton Building Society said total group profit before tax rose to £104.7 million in the six months to June 30, up from £67 million at…