September 2018



Boohoo half-year revenue up 50% to £395m

Manchester-based online fashion giant Boohoo.com plc said on Wednesday its revenue soared 50% to £395.3 million and profit before tax rose 22% to £24.7 million…




Drax Targets £1bn Of ScottishPower Assets

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…



Revenue tops £196m at Sheffield’s Gleeson

Sheffield-based affordable housebuilder MJ Gleeson plc said on Monday group profit before tax increased 12.1% to £37 million on revenue up 23% to £196.7 million in the…




Co-op first-half sales up 10% to £5bn

Manchester-based Co-op Group said its first-half sales increased 10% to £5 billion, driven by a strong food sales performance and the acquisition of Nisa. Group…




Morrisons first-half revenue up 4.5% to £8.8bn

Bradford-based supermarket group Morrisons said on Thursday its first-half revenue rose 4.5% to £8.8 billion and underlying profit before tax rose 9% to £193 million. Morrisons CEO…


CEO leaves Manchester fashion giant N Brown

Manchester-based fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said on Wednesday that its CEO Angela Spindler will leave…



Shareholders OK Yorkshire Bank-Virgin Money Deal

Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…


The Lakes Distillery mulls £15m IPO

The Lakes Distillery, the “English single malt” whisky distillery, announced it is exploring the possibility of seeking admission of its shares to trading on AIM,…




Blackburn’s EG Group in $305m US acquisition

Blackburn-based petrol station and convenience store giant EG Group announced on Tuesday a further expansion in the United States with the acquisition of 225 Minit Mart branded convenience retail stores and gas stations and related assets from TravelCenters of…


Redrow revenue up 16% to record £1.9bn

Flintshire-based house builder Redrow said on Tuesday its revenue rose 16% to a record £1.92 billion in the year to June 30 driven by higher legal completions and…


TSB CEO Pester Leaves After IT Fiasco

UPDATE 3 – TSB Bank Plc said on Tuesday that its CEO Paul Pester is leaving the company after months of pressure that followed a botched…



TSB hit by yet another IT problem

TSB — which is owned by Spain’s Banco Sabadell — said on Monday some of its customers are having problems using its internet banking facilities, its…