Articles by Northern Financial Review

B&M to sell £250m of senior secured notes

B&M European Value Retail S.A. said on Monday said it intends to sell £250 million of sterling-denominated senior secured notes due 2028. FTSE 100 constituent B&M…




Redrow order book hits record £1.5bn

Flintshire-based house building giant Redrow plc said on Friday its total forward order book is a record £1.51 billion and it expects turnover for 2022 to be…


Assura raises £182m as portfolio hits £2.6bn

Assura plc, the Warrington-based healthcare real estate investment trust (REIT), said on Thursday it raised around £182 million — below and expected £190 million — via a…









Persimmon forward sales rise to £1.15bn

York-based house building giant Persimmon plc said on Tuesday it has £1.15 billion of forward sales reserved beyond the current year (2019: £0.95bn) and that it expects…










Co-op Bank looks for merger as it posts profit

Manchester-based Co-operative Bank — recently rebuffed by Spain’s Banco Sabadell in an audacious £1 billion approach for its TSB Bank subsidiary — on Friday posted a third…


Progeny acquires J M Glendinning Financial Services

Professional services firm Progeny has announced the acquisition of Guiseley, Yorkshire-based financial advisers J M Glendinning Financial Services. Glendinning was established in 1987 and specialises in…










Blackrock funds ‘selling 55m shares in THG’

Funds managed by Blackrock are selling about 55 million shares in troubled Manchester-based e-commerce, beauty and nutrition giant THG plc, Reuters reported, citing a bookrunner. Blackrock…


Sheffield’s SIG plans €300m bond sale

Sheffield-based international building materials supplier SIG plc said on Monday it has mandated bookrunners to carry out roadshows for a proposed debt offering of €300 million…





Regulator CMA investigates Morrisons takeover

The UK’s Competition and Markets Authority (CMA) said on Friday it has opened an investigation into the £7 billion cash purchase of Bradford-based supermarket giant Morrisons by…




Wakefield’s Team17 makes app with Lego, Marvel

By Mark McSherry Wakefield-based Team17 Group, the developer of video games and educational entertainment apps, has announced that its subsidiary StoryToys has collaborated with Lego Group and Marvel…


Equinix to build £61m Salford data centre

California-based digital infrastructure company Equinix, Inc. has announced plans to build a new £61 million International Business Exchange (IBX) data centre in the Agecroft Commerce Park in Salford, Manchester….



Manchester’s Yourgene doubles H1 revenue

Manchester-based molecular diagnostics firm Yourgene Health plc said on Tuesday its first-half revenues more than doubled to £17.5 million, ahead of previous guidance of at…



UK dividends to top £93bn in 2021

UK dividends soared to £34.9 billion in the third quarter of 2021, up 89.2% year-on-year on a headline basis, boosted the mining boom and very large…




Sabadell rejects £1bn Co-op Bank bid for TSB

(Updates with Monday statement from Co-operative Bank) Spain’s Banco Sabadell confirmed at the weekend that its board has rejected an audacious offer for its subsidiary TSB Bank…





Salford’s AJ Bell grows assets 29% to £73bn

AJ Bell plc, the Salford-based investment platform, said on Thursday its assets under administration (AUA) increased by 29% to £72.8 billion in its financial year ended September 30,…





Morrisons shareholders approve £7bn takeover

Shareholders of Bradford-based supermarket giant Morrisons on Tuesday approved a roughly £7 billion cash takeover offer from US private equity firm Clayton, Dubilier & Rice (CD&R). Morrisons…



Asda hiring 15,000 for Christmas period

Leeds-based supermarket giant Asda has stepped up its Christmas preparations by announcing plans to recruit 15,000 temporary staff and confirming the dates its festive home…


Chester’s Moneysupermarket buys £101m Quidco

Chester-based price comparison website Moneysupermarket.com has agreed to buy cashback business Quidco in a deal worth up to £101 million. Moneysupermarket said it will pay £87 million…






Benchmark shares soar amid strong trading

Shares of Sheffield-based aquaculture biotech firm Benchmark Holdings rose about 12% on Monday after it said it expects full-year earnings to be significantly ahead of the…




Newcastle’s Grainger buys £141m London scheme

Newcastle-headquartered Grainger plc, the UK’s largest listed residential landlord, said on Thursday it has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development…