News

Morrisons speeds up payments to help suppliers

Bradford-based supermarket giant Morrisons said on Friday it will make immediate payments to its smaller suppliers to help them with cash flow during the ongoing coronavirus pandemic. “The…












Provident Financial downgraded by Fitch

Bradford-based subprime lender Provident Financial said on Tuesday that Fitch Ratings has downgraded the group’s credit rating from BBB- with a negative outlook to BB+…




Wakefield’s Team17 grows revenue 43% to £62m

Wakefield-based video game developer Team17 Group said on Tuesday its 2019 revenue grew 43% to £61.8 million and profit before tax rose 121% to £19.2 million. Team17 Group’s shares…




Oil falls 25% and global stocks plunge

Global stock markets tumbled on Monday as investors fled to bonds amid the economic shock of the coronavirus, while oil prices plunged about 25% after…


Nissan in £400m Sunderland investment

Nissan on Friday unveiled a new £52 million XL press line in its Sunderland manufacturing plant as it ramps up preparations for the next generation…










Begbies shares up 9% amid insolvencies boost

Shares of Manchester-based corporate rescue giant Begbies Traynor Group plc rose 9% on Tuesday after it released a trading update for its third quarter ended January 31,…





Coronavirus could halve global growth says OECD

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. The Interim Outlook…








Liverpool FC revenue rises to £533m

Liverpool Football Club on Thursday announced annual financial accounts for the season in which the club won its sixth European Cup and invested a club record…
























Moneysupermarket revenue up 9% to £388m

Shares of Chester-based price comparison website Moneysupermarket.com soared 18% on Thursday after its results for the year ended December 31, 2019, showed revenue grew 9%…


Morrisons to sell only free range eggs

Bradford-based supermarket giant Morrisons said on Wednesdays it has become “the first major supermarket to sell only free range eggs.” The company said: “Morrisons originally committed…



Moneysupermarket CEO to step down

Chester-based price comparison website Moneysupermarket.com said on Wednesday that its CEO Mark Lewis “has indicated to the board that he wishes to step down as chief…


Asda sales fall amid cautious Christmas spending

Walmart’s Leeds-based subsidiary Asda — which is considering a future UK stock market listing — said on Tuesday its like-for-like sales excluding petrol fell 1.3% in the quarter…




Man City banned from Champions League

Manchester City have been banned from the lucrative Champions League for the next two seasons and fined £25 million after they were found to have misled…