Asda returns to profit for 2023 as online sales grow
Leeds-based supermarket giant Asda said it delivered a pre-tax profit of £180 million for 2023 compared with a loss before tax of £432 million in…
Leeds-based supermarket giant Asda said it delivered a pre-tax profit of £180 million for 2023 compared with a loss before tax of £432 million in…
Manchester Metropolitan University has appointed Bridget Lea as Pro-Chancellor and Chair of its Board of Governors. Mancunian Lea is a Manchester Met alumna and has…
Stockport-based musicMagpie reported sharply lower sales and a slightly smaller loss before tax for the first half of the year, as it stopped selling items…
Be.EV, the Manchester-based electric vehicle charging network, said it secured £55 million in funding from NatWest and the German KfW IPEX-Bank. “This substantial investment will not…
Rotherham-based land developer Harworth Group plc said it exchanged contracts to sell 48 acres of land at its Skelton Grange site in Leeds for £106.6…
Foresight Group, the regional private equity investment manager, has led a £2.2 million growth capital investment into Cavero Quantum Ltd alongside co-investor Northern Gritstone. Cavero…
Shares of Doncaster-based defence systems, fork arms and petrol station superstructures manufacturer MS International plc rose about 8% to £11.10 after it said its revenue rose 30%…
North Yorkshire power generator Drax Group has reached agreement for the sale of up to 90,000 Small & Medium-sized (SME) customer meter points from its…
Only four of the 20 English Premier League football teams made a pre-tax profit this season, according to an annual review by accountants Deloitte, as…
Manchester consumer products company PZ Cussons plc said it expected full-year results in line with expectations, despite problems caused by the devaluation of Nigeria’s currency,…
Manchester-based HSS Hire Group plc said revenue this year was higher than the same period last year and full-year profit would be in line with…
Bolton-based electrical retailer AO World plc reported a dip in annual sales as the cost-of-living crisis ate into consumers’ spending, but its profit rose due…
Professor Shearer West has been appointed as the Vice-Chancellor and President of the University of Leeds, taking up the role from November 1, 2024. Professor…
Small-business investor BGF is to put £11.5 million into Tevalis, a Hull-based company selling electronic point of sale (EPOS) software to the leisure and hospitality…
Bradford-based supermarket giant Morrisons said sales excluding fuel rose in the latest quarter and EBITDA for the first half of the financial year jumped 16%….
Gateshead-based Vertu Motors plc said it sees results for the current financial year in line with market expectations. The UK automotive retailer, which has a…
York-based online musical equipment retailer Gear4music said annual sales fell in the latest financial year as consumers’ disposable income was reduced by inflation and high…
Newton Aycliffe-based offshore energy services firm Tekmar Group has announced board and leadership changes in line with its succession planning. Richard Turner, 45, will join Tekmar…
Growth investor BGF has announced a successful exit of Teesside-based Datum360, a Connected Data platform that allows large asset owners to access engineering information and asset…
Supreme plc, the Manchester-based manufacturer and supplier of vaping and fast-moving consumer goods, said it has acquired Acorn Topco Limited, the parent company of Clearly…
SIG plc, the Sheffield-based international building and insulation materials supplier, lowered its profit outlook for the current financial year, citing sales declines in “challenging” market…
Manchester-based online retailer THG said on Monday it agreed to sell its portfolio of luxury goods websites to Frasers Group for an undisclosed sum. THG…
Social impact developer Capital & Centric has set its sights on Gateshead as part of an expansion plan to take its brand of regeneration to…
Tyneside Cinema, Newcastle’s only independent cultural cinema, has secured its short-term future with a £700,000 loan from the North East Social Investment Fund. “This money…
The board of Wakefield-based greeting card and gift retailer Card Factory said it will “engage with shareholders” after 24.87% of votes at its AGM opposed the…
Rotherham-based land developer Harworth Group plc said it completed the sale of a serviced land parcel at Benthall Grange, its major mixed-use development on the…
Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, said it has secured a new long-term contract with Amey Group Services worth up to…
NCC Group, the Manchester-based global cyber security firm, on Thursday said it expected full-year adjusted profit to be higher than analyst estimates, as the company’s…
Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, reported a drop in full-year sales but said growth would return in the second half…
Severfield, the Thirsk, North Yorkshire-based steel group, reported lower revenue for the financial year, but higher profit, excluding some one-off items. The company reported revenue…
Green hydrogen developer Meld Energy has received approval from the East Riding of Yorkshire Council to construct a £250 million, 100 megawatt green hydrogen production…
Gateshead-based NEL Fund Managers has established a new office in Teesside to help maximise its investment presence across the North East of England. NEL has…
Housebuilder Beal Homes is to bring more than 500 new homes to the growing community on the south bank of the Humber after plans were…
Peel Ports, which owns and operates Liverpool’s dockyards, said it is looking for a commercial partner to develop a historic 100,000 square foot dock on…
Durham-based Atom Bank, the UK’s first app-based bank, reported a six-fold jump in annual operating profit in the last financial year, as its mortgage loan…
Cheshire-based Tatton Asset Management plc said it is aiming to almost double its assets under management over the next five years, after reporting higher annual…
Liverpool Cruise Port operator Global Ports Holding plc, confirmed on Monday it is considering a possible “take private” cash offer from its controlling shareholder Global…
Manchester-based housing association Great Places Housing Group has announced successful bidders for its latest four-year Innovation Chain North (ICN) framework of contractors and consultants. The new…
Moody’s Ratings announced it has withdrawn Warrington Borough Council’s ba1 Baseline Credit Assessment as well as its Baa1 senior unsecured and long-term issuer ratings “due…
Private equity firms Searchlight Capital Partners and Ares Management Corporation are leading a consortium to make a £500 million preferred equity investment in Helsby, Cheshire-based…
York-based Aptamer Group plc said it has formed a partnership with Microsaic Systems to develop a panel of Optimer binders that can detect pathogens in…
James Cropper plc, the Kendal-based paper and packaging company, said it agreed temporary amendments to the covenants on its UK banking facility with its lenders…
Crest Nicholson confirmed on Friday it rejected a £650 million bid from Newcastle-based housebuilder rival Bellway plc last month. Its shares rose 14% on the…
Rotherham-based Harworth Group plc said it has secured a resolution to grant planning permission from North Yorkshire Council’s Strategic Planning Committee for a major rail-connected…
Manchester United plc is to spend £50 million modernizing facilities for its first team at the Carrington Training Complex. The project will result in all…
Insurance and financial services technology firm Intellegri will use software designed by a University of Liverpool professor to assess real time capital risk for insurance…
Newcastle-based housebuilder Bellway plc has confirmed it proposed an all-share bid last month to acquire Crest Nicholson and the offer was rejected by its smaller rival….
The first commercial-scale liquid air energy storage (LAES) plant in the UK is to be built in Carrington, Manchester, marking a significant development in Britain’s…
Shares of Leeds-based transport data analytics firm Tracsis plc fell as much as 12% after it said the unexpected timing of the UK general election has…
The UK’s failure to invest in its regional cities has hindered the country’s economic growth, resulting in lower standards of living compared to the US,…
Doncaster-based DFS Furniture plc cut its projected sales and profit for the current financial year, citing weak demand for upholstery and delays in deliveries caused…
Manchester-based HSS Hire Group said on Wednesday it had been informed by infrastructure builder Amey Plc that it would move to another supplier for its…
Leeds-based engineering services group Renew has acquired Salford’s Excalon for £26 million, assuming profit targets are hit, helping Renew to expand into the electricity transmission…
Chester-based GB Group (GBG), which sells digital location and identity verification software to online vendors around the world, reported higher adjusted profit for the year…
Net sales of UK retail investment funds hit £2.8 billion in April this year, the highest level since August 2021, driven by demand for global…
Lancashire County Council said Chief Executive Angie Ridgwell will step down to take up a new job at Hertfordshire County Council. It did not name…
SysGroup, the Manchester-based IT services, cloud hosting and cyber security firm, said it had raised £11 million selling new shares to investors. The company said…
The independence of the Sheffield-based British Business Bank, the UK’s economic development bank, needs to be “bolstered” because its need to get government approval for…
Global shipping and logistics giant MSC is to launch a new sea route linking Liverpool with Northern Europe and Asia. Called ‘Britannia’, the loop provides…
Private equity firm TDR Capital LLP said on Friday it agreed to acquire Zuber Issa’s shares in Leeds-based supermarket giant Asda, taking its ownership of Asda…
Newcastle-based housebuilder Bellway plc said on Friday uncertainty in the run-up to the UK general election In July may temporarily impact its business, but overall…
Manchester City Council said chief executive Joanne Roney CBE was stepping down to return to her native Birmingham to take on the new post of…
York and North Yorkshire Combined Authority has appointed its first chief executive, James Farrar, who has been serving as Interim Head of Paid Service and…
ITM Power, the Sheffield-based green hydrogen and energy storage firm, said in a trading update it expects revenue to be in the range of £16 million-£16.5…
Shares of Manchester-based clothing and footwear digital retailer N Brown Group rose as much as 25% after it announced a swing to profit despite revenue falling…
The group representing 24 of the UK’s top universities has published a manifesto aimed at the next government, calling for more investment to address a…
Ittybit, a Salford-based tech startup that uses AI to compress files to make it easier for developers and websites to feature audio, photos and videos,…
The Cumberland Building Society saw mortgage lending grow from £2.37 billion to £2.59 billion in the year to March, 2024, while savings balances rose from…
United Utilities, the North West’s water supplier, said it submitted a £13.7 billion investment plan for 2025-2030 to water services regulator Ofwat, which it said…
Lancaster-based Fuuse, the UK’s leading electric vehicle charge point management platform, said it has secured £8.7 million in venture funding to help its next stage…