Drax makes £83m loss amid coal asset depreciation
Shares of Selby, North Yorkshire-based power company Drax Group fell more than 3% on Wednesday after it said “increases to depreciation and amortisation costs and unrealised…
Shares of Selby, North Yorkshire-based power company Drax Group fell more than 3% on Wednesday after it said “increases to depreciation and amortisation costs and unrealised…
Newcastle-based transport group Go-Ahead Group said the Department for Transport (DfT) announced an eight-week extension to its current London Midland franchise, from 15 October to…
Nasdaq-listed Gateshead company Sevcon, which makes components for low carbon vehicles, said it agreed to be acquired by Michigan-based BorgWarner for $22 per share in cash. “The total…
UK companies distributed an all-time record £33.3 billion in dividends in the second quarter, beating the previous record of £29.1 billion set in Q2 last…
UK Transport Secretary Chris Grayling has confirmed plans to extend Britain’s HS2 high speed rail lines from Birmingham to the North-West, East Midlands and Yorkshire. The…
Peel Ports Group, owner of the Port of Liverpool, said it “pressed the button” on the second phase of its expansion programme at the Liverpool2…
Leeds-based Callcredit Information Group reported record results and launched a new identity “designed to position the business for continued growth both in the UK and…
Leeds-based private equity investor Endless LLP said it acquired a majority stake in Manchester-based business travel management company CTI for an undisclosed sum. The deal,…
Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — announced it will operate the regional rail transport in the north of the Netherlands for another 15…
Shares of Manchester-based fashion retailer N Brown Group fell almost 4% after it announced that it “identified flaws in certain general insurance products which were…
Leeds-based leisure and logistics firm Dart Group said its revenue rose 23% to £1.73 billion in the year to March 31 but profit before tax fell…
Manchester Airports Group (MAG) said its revenue rose 7.7% to £838.4 million and operating profit before significant items rose 9.1% to £210.2 million in the 12 months ended March…
The UK’s Competition and Markets Authority (CMA) announced that the proposed merger between Tesco and Booker is being referred for an in-depth, phase 2 investigation. The CMA said…
Icon Industrial, a logistics-focused joint venture formed by TPG Real Estate and Stoford Developments, said it acquired a 45-acre brownfield site adjacent to Manchester Airport…
Cumbria’s Lake District has been added to UNESCO’s World Heritage List. “Located in northwest England, the English Lake District is a mountainous area, whose valleys have…
Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…
Cheshire and Warrington Local Enterprise Partnership (LEP) has launched a new blueprint for the area’s economic growth setting out how Cheshire and Warrington can double…
West Yorkshire-based NG Bailey, the family-owned engineering, IT and facilities services firm, said its sales increased 23% to £500 million and operating profit doubled from £6…
Leaders from the private and public sectors have joined together to launch the Greater Manchester Internationalisation Strategy, a three year framework for action which they…
York-based house builder Persimmon said its revenue grew 12% to £1.66 billion in the six months to June 30 and that “consumer confidence remains resilient…
Virgin Money has launched a new “Manchester United Double Champions Bond” that it says offers savers a competitive interest rate of 1% fixed for one year…
Sheffield-based gaming giant Sumo Digital announced the acquisition of Gateshead-based digital art and design studio Atomhawk. Sumo Digital is backed by investment firm Perwyn. Terms of…
Greencoat UK Wind plc (UKW) said it acquired Bishopthorpe Wind Farm near Grimsby from BayWa r.e. for about £47 million. Bishopthorpe has a capacity of…
Sanjeev Gupta’s metals and industrials group Liberty House has added to its network of UK steelworks with a deal to acquire 100% of the share…
A major plan to breathe new life into Sunderland’s seafront has been given outline permission by the city council. A planning application from regeneration business…
More than £180 million of investment in West Yorkshire Plus Transport Fund schemes in Bradford, Calderdale, Kirklees, Leeds and Wakefield was approved at Thursday’s meeting…
The troubled Manchester-based Co-operative Bank said on Wednesday it agreed a complex £700 million rescue package with its major investors that would shore up its…
Shares of Darlington-based vehicle hire company Northgate Plc fell 16% after it said its profit before tax fell about 7% to £72.2 million in the year…
Shares of Hyde-based online retailer Findel plc fell 4.5% after it said its revenue rose 11.3% to £457 million in the 53 weeks to March 31 — but…
Troubled Manchester-based Co-operative Bank said on Monday it has dropped plans for a sale and will continue its “advanced” discussions with a group of existing investors…
Leeds-based Callcredit Information Group, which is backed by private equity firm GTCR, has acquired the Spanish Confirma group of companies — comprising Confirma Sistemas and Soluciones…
Doncaster Sheffield Airport said it has become the country’s fastest growing airport. It said the latest Civil Aviation Authority (CAA) figures showed the airport had…
Liverpool City Region’s visitor economy is now worth £4.3 billion, last year welcomed more than 62 million visitors to the region and supports more than…
British Gas owner Centrica said it would close its ageing Rough facility off the Yorkshire coast, the UK’s largest natural gas storage site. Analysts said the…
Manchester-based Co-operative Bank on Monday confirmed that it is in “advanced discussions with a group of existing investors with a view to a prospective equity…
The fall of the pound helped the value of exported goods by companies in the North West of England rise 21% to £8 billion in the three months…
Birkenhead-based prepaid gift, reward and savings card firm Park Group said it achieved a 5.1% advance in billings to £404.5 million in the year to…
Scunthorpe-based Nisa Retail, the member-owned convenience store group, is exploring a sale, according to a report on Sky News. The report said bankers from Lazard have…
Harrogate-based specialist equipment rental group Vp plc said revenue grew 19% to £248.7 million and statutory profit before tax rose to £30.3 million from £27.5 million in the…
Hull-based communications firm KCOM said its revenue fell 5.15% to £331.3 million in the year to March 31 “due to the continuing decline of legacy network…
Leeds-based WYG, the AIM-listed project management consultancy, announced the appointment of a new chief executive as it unveiled results for the year to March 31, 2017, showing revenue up 14% to…
Leeds-based private equity investor Endless said it acquired CER Staffing Solutions Limited, trading as Affinity Workforce, from Capita plc for an undisclosed price. With revenues of £140…
Edinburgh-based pensions and investment giant Standard Life said it has fully integrated its auto enrolment offering with Newcastle-based software giant Sage Group, the UK’s largest tech company. Standard…
Cumbria and the Lake District attracted more than 45 million visitors in 2016 — and the visitors injected £2.72 billion into the region’s economy and provided employment for 36,240…
Adderstone Group said it submitted updated plans for a proposed 124 apartment and commercial scheme on a vacant brownfield site on Newcastle Quayside. The 1.5…
Warrington-based United Utilities, the UK’s largest listed water company, said underlying operating profit rose £19 million to £623 million on revenue down £26 million to £1.704 billion in the year to March 31….
Sheffield-based construction group Henry Boot plc said in an update for its AGM that its property trading and development activity levels since the beginning of 2017…
Private equity firm Primary Capital Partners announced the completion of a £62 million management buyout of Lancaster-based sign vinyl and digital print media firm Metamark (UK) Limited…
Leeds Law Society and Leeds City Council have organized a top level conference to promote the city as “the UK centre of excellence for legal services…
Newcastle-based bakery and “food-on-the-go” retailer Greggs said its total sales were up 7.5% in first 19 weeks of 2017, compared to a 5.7% rise for the…
Manchester United plc announced financial results for its 2017 fiscal third quarter and raised its revenue and profit guidance for the year. For fiscal 2017, Manchester United now…
Clydesdale and Yorkshire Bank owner CYBG said on Tuesday its underlying profit rose 15% to £123 million in the six months to March 31 and that it remained on…
Blackpool-based polymer company Victrex said its revenue rose 12% to £130.9 million and profit before tax climbed 5% to £50.1 million in the six months ended March 31. Victrex shares slipped…
The North West Business Leadership Team (NWBLT) has joined business chiefs from around the UK in calling for greater devolution to British cities and regions as the…
NOMA — the joint venture between Hermes Investment Management and the Co-op — said it exchanged contracts with Castlebrooke Investments for the sale of The CIS…
Stockport-based beach holiday online retailer On the Beach Group said its revenue increased 7.3% to £38.1 million and profit before tax soared 33.8% to £9.9 million in the…
Legal & General said it bought a Build To Rent (BTR) site at Mustard Wharf in the centre of Leeds from regeneration property developer U+I and expects to be…
Chester-based identity data company GB Group said it conditionally agreed to acquire address validation firm PCA Predict for a total of £73.85 million. “The £73,852,423 total consideration…
Shares of York-based Gear4music, the online retailer of musical instruments and equipment, rose 4.55% after it said revenue jumped 58% to more than £56 million and underlying operating profit soared…
Virgin Media Business said its ultrafast Voom Fibre connectivity — which offers download speeds of up to 350Mbps — is now available in Manchester city centre. Virgin…
Work has begun on Virgin Trains’ new Azuma (Class 800) fleet of trains — built using Japanese bullet train technology — which are due to run on the…
Centrica said it will secure 350 jobs after announcing a £60 million investment in its operations offshore in Morecambe Bay. The project to refurbish two…
Bradford-based supermarket group Morrisons said its group like-for-like sales excluding fuel were up 3.4% in the 13 weeks to April 30. “There was some inflation during the…
Newcastle-based software giant Sage Group, the UK’s largest tech company, said its revenue rose 22.7% to £840 million and profit before tax jumped 41.1% to £180 million in…
Liberty House said it would create around 300 new steel jobs in South Yorkshire and make multi-million pound investments to secure the future of five sites across…
Manchester City Council has approved plans from science and technology park operator Manchester Science Partnerships (MSP) for a £60 million investment in a two-phase expansion…
York-based housebuilder Persimmon said in a trading update its total forward sales revenue was currently £2.56 billion, up 11% on last year. “We have 8,928 new homes sold…
Far East Consortium International Limited (FEC) said it has been selected to work with the Manchester City Council to deliver the “Northern Gateway” — possibly the largest residential regeneration project ever…
Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said its group revenue rose 4% to £900.7 million in the 53 weeks…
Manchester-based online fashion retailer boohoo.com said its revenue rose 51% to £294.6 million and profit before tax soared 97% to £30.9 million in the year to February 28,…