Articles by Northern Financial Review





Borderlands to get £447m investment

The economies of the Borderlands area of the North of England and South of Scotland are to benefit from up to £447 million of investment….






Nissan Sunderland takes another blow

Nissan Motor Co’s premium brand Infiniti said on Tuesday it will discontinue the Q30 sedan and the QX30 sport-utility vehicle (SUV) and cease their production…











Newcastle gross mortgage lending slips to £520m

Newcastle Building Society said on Wednesday that “despite a very competitive mortgage market and weak mortgage market growth” its gross residential mortgage lending was maintained…





Drax earnings rise, helped by renewable output

Selby, North Yorkshire-based power company Drax Group plc said on Tuesday its 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 9% to £250 million,…



Scandal-hit Persimmon’s profit tops £1bn

Embattled York-based housebuilder Persimmon confirmed interim chief executive David Jenkinson as its CEO on Tuesday as it reported its revenue increased 4% to £3.74 billion…






Drax board in big shake up

Selby, North Yorkshire-based power company Drax Group plc on Thursday announced that big changes will be taking place during 2019 on its board of directors. “The…










Moneysupermarket revenue up 8% to £356m

Shares of Chester-based price comparison website Moneysupermarket.com rose 6% on Thursday after it said 2018 revenue grew 8% to £355.6 million and pre-tax profit rose…



Shares of Leeds consultancy WYG collapse

Shares of Leeds-based WYG, the international project management consultancy, plummeted 40% on Wednesday after it warned in a trading update its operating profit would not…













Cussons shares fall 15% on profit warning

Shares of Manchester-based soaps and consumer products company PZ Cussons fell 15% on Tuesday after it said it expects a decline in profit for the year ending May,…











Accrol CFO quits amid FCA investigation

A day after it revealed it is being investigated by the UK’s Financial Conduct Authority (FCA), Blackburn-based tissue maker Accrol Group said on Tuesday its chief…


Co-op to sell CIS insurance arm for £185m

Manchester-based Co-op Group said on Friday it agreed to sell its insurance underwriting business, CIS General Insurance Limited, to Markerstudy for about £185 million. Co-op Group said…


Eddie Stobart revenue up 35% to £843m

Warrington-based Eddie Stobart Logistics plc said on Friday its revenues for the financial year grew 35% to approximately £843 million, ahead of market expectations. In a…



Sage Q1 revenue hits £465m as subscriptions boom

Newcastle-based software giant Sage Group, the UK’s largest listed tech company, said on Thursday its group “organic” revenue increased 7.6% to £465 million for the first three months…


Sage to sell US payroll business for £78m

Newcastle-based software giant Sage Group, the UK’s largest listed tech company, said on Wednesday it agreed to sell its US-based business Sage Payroll Solutions (SPR)…