Articles by Northern Financial Review




Persimmon bosses leave amid excessive pay row

York-based house builder Persimmon said its chairman Nicholas Wrigley will resign and remuneration committee chair Jonathan Davie has resigned amid a row over excessive executive pay…
















Shares of Leeds consultancy WYG fall 33%

Shares of Leeds-based WYG, the AIM-listed project management consultancy, slumped 33% after it said on Friday it anticipates that operating profit for the full year “will be…








AO revenue £368m, but investment leads to loss

Bolton-based online electrical retailer AO World said its revenue rose 13.3% to £368 million in the six months ended September 30, 2017. However, group operating loss was £12 million compared…






Man Utd quarterly revenue up 17% to £141m

Manchester United plc said revenue for the 2018 fiscal first quarter ended September 30, 2017, rose 17% to £141 million in a period when it signed three new players…


Dart Group half year revenue up 34% to £1.6bn

Shares of Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, rose 8% after it said it is optimistic it will exceed market expectations of full-year…



Walmart cheers sales growth at Asda

Walmart said its Leeds-based subsidiary Asda enjoyed a second consecutive quarter of positive like-for-like growth. Walmart announced in its earnings for the third quarter that Asda reported…










Schroders buys No 1 Spinningfields for £200m

Allied London’s recently completed Manchester development, No 1 Spinningfields, has been acquired by clients of Schroder Real Estate for more than £200 million. Schroder Real…



Morrisons enjoys third-quarter sales growth

Bradford-based supermarket group Morrisons said its third-quarter like-for-like sales excluding fuel were up 2.5%, “comprising contributions from retail of 2.1% and wholesale of 0.4%.” “We again worked hard…



Burnley to succeed Clarke as Asda CEO

Walmart said Roger Burnley would take over as CEO at its Leeds-based subsidiary Asda on January 1, 2018, succeeding Sean Clarke who will leave the post after just…


Footasylum IPO values firm at £171m

Lancashire-based youth footwear and apparel retailer Footasylum said its initial public offering (IPO) at £1.64 per share raised gross proceeds of £65.4 million. Footasylum’s brands include…





Virgin Money CEO in gender equality push

The CEO of Edinburgh and Newcastle-based Virgin Money, Jayne-Anne Gadhia, has supported calls for a “ministerial board” that champions the economic benefits of gender diversity….






Virgin Money mortgage balances hit £33bn

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…


Lancashire’s Footasylum plans £150m AIM float

Lancashire-based youth footwear and apparel retailer Footasylum announced plans to float its shares on London Stock Exchange’s AIM market. The initial public offering is expected to…



Provident shares up 12% on home credit hopes

Shares of troubled Bradford-based subprime lender Provident Financial rose about 12% on Friday after it reported progress with its home credit business recovery plan in a trading…




£137m Co-op offer recommended by Nisa board

The board of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, has unanimously recommended to its shareholders an offer of up to £137.5…



Manchester Festival worth £40m to local economy

This year’s Manchester International Festival was worth £40.2 million to the local economy, according to Manchester City Council. The Festival had more productions on offer, bigger audiences,…





Sunderland sofa firm ScS revenue up to £333m

Shares of Sunderland-based furniture and floorings retailer ScS Group rose 7% on Tuesday after it said revenue rose 4.9% to £333 million and profit before tax jumped 9.9%…