Stobart, Virgin group buy Flybe
Carlisle-based aviation, energy and transport firm Stobart Group has teamed up with Virgin Atlantic and Cyrus Capital to buy Flybe for a cut-price £2.2 million. A joint venture…
2019
AO World enjoys highest sales month ever
Bolton-based online electrical retailer AO World said on Friday its revenue rose 8.2% in its third quarter, the three months to December 31, 2018. In a…
DFS Furniture warns of Brexit product delays
Doncaster-based DFS Furniture on Thursday reported underlying gross sales growth of 10% in a trading update for the five months to December 30, 2018. However DFS warned…
B&M quarterly sales revenue up 12% to £1bn
Liverpool-based bargain retailer B&M European Value Retail said on Thursday its total sales revenue increased 12.1% to £1.087 billion in the 13 week period to December…
Card Factory predicts difficult year; shares fall
Shares of Wakefield-based greeting cards retailer Card Factory fell about 10% on Thursday after it said in a trading statement it expects “another difficult year”…
Greggs shares up as it lifts profit forecast to £88m
Shares of Greggs, the Newcastle-based bakery and “food-on-the-go” retailer, rose 6% on Wednesday after it said in a trading update that it expects to deliver underlying profit…
Vimto helps Nichols sales up 7% to £142m
Shares of Merseyside-based Vimto and soft drinks firm Nichols plc rose 7% after it said it expects full year profit to be ahead of the…
Man Utd to open ‘experience centres’ in China
Manchester United, in partnership with Chinese property developer Harves, announced that it will open a series of club themed “entertainment and experience centres” throughout China….
Morrisons sales rise, boosted by wholesale
Bradford-based supermarket group Morrisons said on Tuesday group like-for-like (LFL) sales excluding fuel were up 3.6% for the nine weeks to January 6, comprising contributions from…
Footasylum margins slashed amid tough trading
Shares of troubled Footasylum, the recently-floated Rochdale youth footwear and apparel retailer, fell more than 15% after it published an update on its trading performance for the…
SIG falls in ‘challening’ construction market
Shares of Sheffield-based European building products supplier SIG plc fell about 6% after it published a trading update for the year ended December 31 that showed…
Gleeson shares up on strong trading update
Shares of Sheffield-based affordable housebuilder MJ Gleeson plc rose 9% on Monday after it said it expects results for the half-year ended December 31, 2018, “to…
Gear4music shares fall 50% amid sales ‘constraints’
Shares of York-based Gear4music, the online retailer of musical instruments and equipment, fell about 50% on Friday after it said its full-year earnings would be hit…
Reed Boardall revenue tops £61m
Yorkshire-based cold storage and transport business The Reed Boardall Group Limited said on Thursday its turnover rose 2.3% to £61.6 million in its last financial…
Landmark Leeds office sold for £32m
Investment manager APAM has acquired the landmark Leeds office building 1 City Square for £32 million on behalf of its client Britannia Invest. Aviva Investors put…
UK central bank appoints Bowe, Gadhia
The Bank of England, the UK’s central bank, said Colette Bowe and Jayne-Anne Gadhia have been appointed as external members of its Financial Policy Committee…
Drax completes £702m ScottishPower acquisition
Selby, North Yorkshire-based power company Drax Group plc said on Wednesday it completed the acquisition of ScottishPower’s portfolio of pumped storage, hydro and gas-fired generation….