Articles by Northern Financial Review

Avacta shares up 12% on China, Korea collaboration

Shares of Wetherby-based diagnostics company Avacta Group plc rose 12% on Friday after it announced that AffyXell Therapeutic, a joint venture between Avacta and Daewoong Pharmaceutical, entered into…




Bellway new cladding pledge to cost £300m

Newcastle-based house building giant Bellway said on Thursday it has agreed a voluntary pledge with the UK’s Department for Levelling Up, Housing and Communities (DLUHC)…



Co-op revenue tops £11bn; debt rises to £920m

Manchester-based Co-op Group said on Thursday its 2021 revenue was up £300 million against pre-pandemic levels to £11.2 billion but down slightly year-on-year from £11.5 billion in…



Marshalls agrees to buy £535m Marley Group

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, announced it entered into a conditional agreement to acquire pitched roof system manufacturer Marley Group plc…





Persimmon signs cladding safety pledge

York-based house building giant Persimmon plc announced it has signed the DLUHC’s Developer Pledge which “sets out the industry’s commitments to removing cladding and remediating…





Skipton names Ian Cornelius interim CEO

Skipton Building Society has announced the appointment of Ian Cornelius as interim group chief executive from April 26. Currently the mutual’s commercial and strategy director,…






Boohoo and AO among most shorted UK stocks

New analysis from exchange-traded products provider GraniteShares reveals that Manchester-based fashion giant Boohoo and Bolton-based online electrical retailer AO World plc were among the most shorted UK stocks…


Co-op Bank prices £250m green bonds at 6%

Manchester-based Co-operative Bank Finance announced it priced its issue of green MREL-eligible £250 million fixed rate reset callable notes due 2027. MREL stands for “Minimum Requirement for…







Co-op Bank to market £200m of green bonds

Manchester-based Co-operative Bank Finance has announced it will begin marketing £200 million of potential green bonds. “The Co-operative Bank Finance p.l.c. will today begin marketing a…


Co-op names Shirine Khoury-Haq interim CEO

Manchester-based Co-op Group announced that CEO Steve Murrells will step down following this year’s AGM in May and that it has appointed Shirine Khoury-Haq, group CFO and…



Hull’s Cranswick sees poultry surge 35%

Hull-based meat processing giant Cranswick on Thursday held a site visit for analysts and institutional investors at the company’s fresh poultry site in Eye, Suffolk….










Cussons acquires Childs Farm for £37m

Manchester-based consumer products company PZ Cussons announced it has acquired Childs Farm, the UK baby and child personal care brand, for about £37 million in cash. “Joanna Jensen,…




Go-Ahead shares up 17% on lower fine over LSER

Shares of Newcastle-headquartered bus and rail giant Go-Ahead Group rose about 17% after the UK’s Department for Transport (DfT) issued a lower-than-expected £23.5 million fine…



Wetherby’s Avacta sells veterinary division

Wetherby-based diagnostics company Avacta Group plc announced that Vimian Group AB has acquired Avacta’s veterinary division Avacta Animal Health for up to £2.3 million. “Avacta Animal Health…







Tracsis, Leeds transport data firm, buys in US

By Mark McSherry Leeds-based transport data analytics firm Tracsis plc said on Monday it has acquired RailComm LLC, a North American based rail technology software and services…





Boohoo shares up 17% on earnings guidance

Shares of Manchester-based online fashion giant Boohoo rose about 17% on Thursday after it published a trading update saying it expects to report adjusted EBITDA…




Immobel buys 50% of White Rose Park, Leeds

Immobel Capital Partners, the investment management business of Immobel Group, announced it has agreed to acquire 50% of the White Rose Park green office campus near…




KPMG fined over audit of Revolution Bars

The UK’s Financial Reporting Council (FRC) announced it has imposed sanctions — including fines totalling £910,000 — against KPMG and its former employee Michael Frankish…




Asda removes Russian products, pledges £1m

Leeds-based supermarket giant Asda has confirmed that it is removing products that originate from Russia from its stores and online platforms. Asda and its charity, the…



Newcastle gross mortgage lending £861m

Newcastle Building Society said its gross mortgage lending for 2o21 was £861 million and net core residential lending was £330m compared to £645 million gross…