June 2024



musicMagpie sales fall, shares slide 20%

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…




Cavero Quantum, Leeds spinout, raises £2.2m

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…






HSS sees profit in line, shares up 9%

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…


AO World profit up as it cuts costs

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…



BGF invests £11.5m in EPOS firm Tevalis

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…




Gear4music EBITDA up, shares jump 15%

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…


Tekmar Group in leadership changes

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…




SIG sees lower profit, shares drop 12%

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…




Tyneside Cinema gets £700,000 loan lifeline

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…





NCC sees FY profit at £31m, shares rise

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 sales and profit dip

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…




NEL Fund Managers expands to Teesside

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…









Searchlight and Ares invest £500m in RSK Group

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…


Aptamer developing pathogen water tests

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…





Man Utd put £50m into training complex

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…













SysGroup raises £11m, pushes forward AI

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…