Articles by Northern Financial Review

Henry Boot revenue up 33% to £408.5m

Sheffield-based construction group Henry Boot plc said its 2017 revenue increased 33% to £408.5 million and profit before tax increased 40% to £55.4 million Proposed…


Manchester’s Edina bought in £55m deal

Manchester-based Edina, a provider for CHP, gas and diesel power generation, has been bought by EPAL, a joint venture between India’s EESL (Energy Efficiency Services Ltd)…


Conviviality seeks £125m to avoid going bust

Troubled Crewe-based alcohol wholesaler and distributor Conviviality Plc — which owns Bargain Booze and Wine Rack — said late on Wednesday it will meet institutional investors in the coming…






Sunderland sofa firm ScS half-year revenue £160m

Sunderland-based furniture and floorings retailer ScS Group said its revenue rose 1.8% to £160.7 million and gross profit increased £2.4 million to £75.3 million in the 26 weeks ended…


Castleford’s PTSG sees revenue up 35% to £53m

Castleford, West Yorkshire-based Premier Technical Services Group plc (PTSG), the niche specialist services provider, said its revenue rose 35% to £52.9 million in the year ended December…





Conviviality CEO steps down amid turmoil

Troubled Crewe-based alcohol wholesaler and distributor Conviviality Plc — which owns Bargain Booze and Wine Rack — said on Monday its CEO Diana Hunter is stepping down with immediate…





Persimmon hires chairman amid executive pay row

York-based housebuilder Persimmon — still under shareholder fire for excessive executive compensation — said corporate veteran Roger Devlin will join Persimmon as chairman from June 1, 2018.   Last…



Marshalls ups dividend as revenue tops £430m

Elland, West Yorkshire-based landscaping products company Marshalls plc said its 2017 revenue rose 8% to £430.2 million and profit before tax was up 13% to £52.1 million. Marshalls’ board is…








Manchester’s AJ Bell plans £500m IPO

Manchester-based investment platform AJ Bell said it appointed Numis Securities to explore an initial public offering (IPO) of AJ Bell on the main market of…



Shares of Bargain Booze parent fall 60%

Shares of Crewe-based alcohol wholesaler and distributor Conviviality Plc — which owns Bargain Booze and Wine Rack — plummeted 60% on Thursday after it warned in a trading…


Regulator probes Co-op on supplier treatment

The UK supermarket regulator has launched an investigation into the Manchester-based Co-op Group over its treatment of suppliers. The Co-op said it had “fallen short” and…




Bodycote revenue up 15% to £690m

Macclesfield-based engineering and thermal processing giant Bodycote said its 2017 revenue grew 14.9% to £690.2 million and its headline operating profit rose 24% to £123.9 million Full…









Revolution Bars upbeat despite operating loss

Shares of Manchester-based Revolution Bars Group plc fell about 6% after it said it made an operating loss of £3.7 million for the 26 weeks ended December 30, 2017, despite sales…








Maplin goes into administration

Rotherham and London-based electronics retailer Maplin Electronics Limited, owned by Rutland Partners, has gone into administration. Zelf Hussain, Toby Underwood and Ian Green of PwC have…



Biomass boost as Drax revenue hits £3.68bn

North Yorkshire-based power company Drax Group said its 2017 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 64% to £229 million — more than analysts were…


Greggs sales up 7.4% to £960m

Newcastle-based bakery and “food-on-the-go” retailer Greggs said its 2017 sales rose 7.4% to £960 million and pre-tax profit excluding exceptional items edged higher to £81.8 million from…






Persimmon partially cuts executive bonuses

York-based housebuilder Persimmon said on Friday it will partially reduce controversial bonuses for its top executives following shareholder outrage at the package that could have…


Stobart Group confirms interest in Flybe

Stobart Group has address the recent speculation about a potential takeover of Flybe Group Plc by Stobart. In a stock exchange statement, Stobart Group said: “The…





Asda sales growth boosted by strong Christmas

Walmart said its Leeds-based subsidiary Asda chalked up its fourth consecutive “step on” in sales, reporting like-for-like sales growth of 0.5% in the fourth quarter to December…


Morrisons buys free range eggs firm Chippindale

Bradford-based supermarket group Morrisons said it has acquired Flaxby, North Yorkshire-based Chippindale Foods, a supplier of free range eggs. “The acquisition means that Morrisons will make…






Dorner completes Virgin Money female top team

Edinburgh and Newcastle-based Virgin Money has confirmed the appointment of former HSBC executive Irene Dorner as chair elect of the challenger bank. The appointment helps create the…