North West’s stock market value up to £50.8bn in Q3

The stock market value of the North West of England’s listed companies rose from £48.4 billion in the second quarter to £50.8 billion in the third quarter.

That’s according to Deloitte’s latest findings in its North West Share Index.

The North West Share Index shows the total value of the region’s businesses included in the FTSE 100, FTSE 250, the FTSE Small-Cap indexes, and AIM.

The North West has performed particularly well compared to the rest of the UK, with 26 of the regions 62 listed companies adding to their overall value.

The region’s listed companies have seen a 5% rise in value, compared to a national rise of 0.11% across the FTSE All Share Index.

The region’s best performers in Q3 include Liverpool-based manufacturing firm Surface Transforms, which saw a 52% rise in its value, following a recent contract win to supply a German automotive company.

James Cropper, a manufacturer of advanced materials and paper products, also saw a 30% increase.

Boohoo saw a 26% rise in its total value, with record sales of over £1 billion announced in September.

JD Sports also achieved growth of 28%, following a global 47% rise in profits over the summer.

Andy Westbrook, Senior Partner for Deloitte in the North West, said: “Listed companies in the North West have continued to grow in Q3 following a successful Q2.

“It is interesting to see the growth trend of the region’s retailers and manufacturers in particular, despite changing markets and the underlying pressures that they are presented with.

“It clearly demonstrates the resilience of companies from across the North West.”