May 2019

France’s Suez wins £1bn Manchester waste deal

The Greater Manchester Combined Authority (GMCA) said it signed new operating contracts with French utility Suez for the management of Greater Manchester’s waste and resources following an 18…



Stobart Group revenue up 39% to £147m

Shares of Carlisle-based aviation, biomass energy and civil engineering firm Stobart Group — still recovering from recent boardroom battles — rose more than 10% on Wednesday after…





Co-op raises £300m via Fairtrade bond

Manchester-based Co-op Group said on Tuesday it raised £300 million via a sterling-denominated “Sustainability Bond.” The five-year bond was priced at 5.125% and was two times…










Palatine backs MBO at Gateshead’s Lucion

Manchester-based Palatine Private Equity has supported the management buyout of Gateshead-based testing, inspection and certification (TIC) business Lucion Services. The investment from Palatine, together with…




Scapa shares fall amid CEO departure news

Shares of Greater Manchester-based healthcare and industrial adhesives firm Scapa Group fell about 15% on Tuesday amid news that CEO Heejae Chae is stepping down. Scapa…




Morrisons goes plastic-free for fruit and veg

Bradford-based supermarket group Morrisons said it will become the first British supermarket to introduce plastic-free fruit and vegetable areas in many of its stores. Customers will…














Walmart mulls Asda IPO

Walmart is “seriously considering” a stock market flotation for its Leeds-based subsidiary Asda after its deal to merge with Sainsbury’s was blocked by a regulator….





Deloitte opens Manchester corporate hub

Business advisory giant Deloitte has launched a dedicated “corporate assurance hub” in Manchester, the firm’s first in the UK outside of London, as it looks…



KPMG fined £5m over Co-op Bank audit

The Financial Reporting Council (FRC) said it has imposed sanctions against KPMG Audit Plc (KPMG) and its audit partner Andrew Walker following their admission of…



Leeds-based Sweco UK buys engineer MLM

Leeds-based architecture and engineering consultancy Sweco UK has signed an agreement to acquire MLM Group, a UK engineering consultancy with services primarily within buildings, transportation…


Begbies Traynor shares up on strong trading

Shares of Manchester-based Begbies Traynor Group plc, the business recovery, financial advisory and property services consultancy, rose about 15% on Tuesday after it said it expects…


Stobart Group raises £53m with bonds

Carlisle-based aviation, energy and civil engineering firm Stobart Group said it raised more than £53 million through a bonds issue. The bonds will have a five…