Articles by Northern Financial Review


Stobart Group boardroom battle rages on

The battle for control of the board at Carlisle-based aviation, energy and transport firm Stobart Group continues to rage on despite former CEO Andrew Tinkler failing narrowly…


Co-op Bank hires ex-Lloyds executive as new CEO

Manchester-based Co-operative Bank announced on Monday the appointment of former Lloyds Banking Group executive Andrew Bester as its new chief executive officer. Co-operative Bank said in…


Stobart CFO quits amid boardroom vote delay

Carlisle-based aviation, energy and transport firm Stobart Group late on Friday delayed the results of its contentious AGM shareholder vote on the future of chairman Ian Ferguson. Ferguson has…








Regulator probes KPMG over Conviviality audit

The UK’s Financial Reporting Council has launched an investigation into auditor KPMG’s work for Conviviality, the Crewe-based alcohol wholesaler which owned Bargain Booze and Wine…





SIG to sell VJ Technology for £30m

Sheffield-based European building products supplier SIG plc said it agreed to sell VJ Technology (VJT) to UK private equity investment firm Primary Capital for about £29.7 million….






Footasylum shares fall 50% amid growth warning

Shares of recently-floated Rochdale youth footwear and apparel retailer Footasylum plunged almost 50% after it warned its current financial year “is likely to show more modest growth” than the…




Manchester law firm DWF mulls £1bn IPO

Manchester-headquartered international law firm DWF is considering an IPO on the London Stock Exchange that could value the firm at up to £1 billion. In response to…




Revolution Bars shares plunge as sales fall short

Shares of Manchester-based Revolution Bars Group fell about 10% on Thursday after it warned in a trading update it has “experienced challenging and volatile trading conditions.” Revolution Bars said total…










Findel revenue up 4.8% to £479m

Hyde-based online retail and education firm Findel plc said its revenue rose 4.8% to £479 million and adjusted operating profit increased 15.4% to £36 million in the…




AO World shares up as revenue hits £797m

Shares of Bolton-based online electrical retailer AO World rose about 5% after it said its revenue for the year ended March 31, 2018, rose 13.6% to £796.8 million. AO…














Wakefield’s Team17 valued at £217m in IPO

Wakefield-based video game developer Team17 announced on Wednesday the admission of its ordinary shares to trading on the AIM market of the London Stock Exchange. “The fundraising, which…














SIG shareholders reject reappointment of Deloitte

Sheffield-based European building products distributor SIG plc suffered a huge shareholder revolt on Thursday when more than 75% of investors rejected the reappointment of Deloitte as SIG’s auditor…


Stobart Group revenue rises to £242m

Aviation, energy and rail firm Stobart Group said its revenue for the year ended February 28, 2018, rose to £242 million from £129.4 million the previous year and it…


Morrisons sales up amid merger frenzy

Shares of Bradford-based supermarket group Morrisons rose about 3% on Thursday after it produced a positive quarterly trading update and became the subject of speculation on…


Provident shares up 8% on recovery plan news

Shares of embattled Bradford-based subprime lender Provident Financial rose about 8% on Wednesday after it said in a trading statement its recovery plan is on track and that…