Peel and Canadian fund buy sites for £300m plan
Canadian investment firm Ivanhoé Cambridge is expanding its UK logistics investments through the acquisitions of four development projects via its partnership with PLP. PLP is…
April 2019
Chesire’s Proseal bought for £220m by Chicago’s JBT
Chicago-based JBT Corporation, a technology provider to the food & beverage industry, said on Tuesday it signed a definitive agreement to acquire Proseal UK Limited, a…
India, Europe orders boost Severfield book to £274m
Thirsk, North Yorkshire-based steel group Severfield said on Thursday its order book rose to £274 million as at April 1, 2019, helped by the first orders from…
Sainsbury’s £7.3bn takeover of Asda blocked by CMA
UPDATE 3 — The UK’s Competition and Markets Authority (CMA) has blocked Sainsbury’s £7.3 billion takeover of Walmart’s Leeds-based subsidiary Asda after finding it would…
Guinness Partnership to build 928 homes in Leeds
The Guinness Partnership has completed the acquisition of a 928-home site – the biggest in the housing association’s 129 year history – with full planning…
Boohoo revenue up 48% to £857m; profit tops £76m
Shares of Manchester-based online fashion giant Boohoo.com plc rose about 10% on Wednesday after it said its revenue soared 48% to £856.9 million and adjusted profit…
Pension fund USSL to buy Hull’s KCOM for £504m
Universities Superannuation Scheme Ltd (USSL), one of Britain’s biggest pension funds, on Wednesday announced a cash offer to acquire Hull-based IT and communications company KCOM Group…
Cross-border deal volume stable, but value plummets
North West of England listed businesses completed 17 cross-border transactions in the first quarter of 2019 – just one fewer than that seen in the…
Moneysupermarket Q1 revenue up 19% to £105m
Shares of Chester-based price comparison website Moneysupermarket.com rose almost 5% on Thursday after it said first-quarter revenue rose 19% to £104.9 million and that it remains…
Jet2 owner Dart Group expects strong profits
Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, said on Wednesday it expects group profit before foreign exchange revaluation and taxation to be slightly ahead…
Card Factory revenue up to £436m but profit falls
Shares of Wakefield-based greeting cards retailer Card Factory rose about 10% on Tuesday after it said its revenue grew 3.3% to £436 million in the year ended January…
JD Sports revenue up 49% to £4.7bn; profit at £340m
Shares of Bury-based JD Sports Fashion Plc rose about 7% on Tuesday after it said its revenue soared 49.2% to £4.7 billion profit and before…
Carr’s H1 revenue tops £206m but profit slips
Shares of Carlisle-based agriculture and engineering firm Carr’s Group fell about 9% on Monday after it said its revenue rose 3% to £206.2 million in…
Bonmarché says Philip Day bid ‘undervalues’ firm
Wakefield-based fashion firm Bonmarché has rebuffed a cut-price £5.7 million takeover offer from Dubai-based retail entrepreneur Philip Day, saying it “materially undervalues” the company. Day, who…
£100m plan unveiled for King’s Dock in Liverpool
Manchester-based developer Nikal and Liverpool’s Addy Consultancy have bought a one-acre site in the King’s Dock area of Liverpool to deliver a £100 million mixed-use,…
Blackburn petrol station giant EG expands in US
Blackburn-based petrol station and convenience store giant EG Group announced a further expansion in the United States with an agreement to acquire a portfolio of 54 Fastrac…
Warrington gets £142m new road and 24,000 homes
Thousands of new jobs and homes could be created in Warrington after the UK Transport Secretary approved £142.5 million for a new Western Link. The…
Ashley wiped out as lenders take Debenhams control
Lenders in Debenhams took control of the struggling retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley who failed…
Ashley last-ditch £150m rescue bid for Debenhams
Sports Direct boss Mike Ashley on Monday offered to underwrite a £150 million rights issue by Debenhams in exchange for the CEO role and a…
Skipton investment deal with Aberdeen Standard
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said it has entered into a strategic partnership with Skipton Building Society to provide portfolio products for customers…
Co-op profit £93m as revenue tops £10bn
Manchester-based Co-op Group said on Friday its 2018 revenue grew 14% to £10.2 billion, driven by its acquisition of Nisa and a strong performance from its…
North’s financial services exports rise to £11.1bn
The North of England exported £11.1 billion of financial and related professional services in 2017, according to the most recent estimates of trade body TheCityUK….
AO World shares fall after earnings update
Shares of Bolton-based online electrical retailer AO World fell 6% on Thursday after it said its revenue is expected to rise around 13% to £900 million…
Trafford-L&Q deal means £4bn for 20,000 homes
London-based housing association L&Q, formerly known as London & Quadrant, said it is in talks to merge with Trafford Housing Trust (THT) in Greater Manchester….
Philip Day in cut-price £5.7m bid for Bonmarché
Dubai-based retail entrepreneur Philip Day has bought 52.4% of the shares in Wakefield-based fashion firm Bonmarché from a subsidiary of private equity group Sun Capital at…
Schroders supports Findel rejection of Ashley bid
Hyde, Greater Manchester-based online retail and education business Findel said on Monday it received a letter of support from its second-largest shareholder Schroders Investment Management…