News

Sage shares fall after trading update

Shares of Newcastle-based software giant Sage Group fell more than 6% after investors were left underwhelmed with its trading update for the three months to December…








B&M quarterly revenue up 23% to £970m

Liverpool-based B&M European Value Retail said its total sales revenue increased 22.9% to £969.8 million in the quarter ended December 23. B&M CEO Simon Arora said: “B&M continues to…




Boohoo.com upgrades revenue growth forecast

Manchester-based online fashion giant Boohoo.com plc said revenue growth for its current financial year is now expected to be around 90%, ahead of its previous guidance…


Revenue up 16.6% at Bolton’s AO World

Bolton-based European online electrical retailer AO World said its group revenue was up 16.6% for the three months to December 31, 2017, year on year. In a trading update for…



Morrisons Xmas & New Year sales up 3.7%

Bradford-based supermarket group Morrisons said its like-for-like (LFL) sales excluding fuel for the 10 weeks to January 7 were up 2.8% “comprising contributions from retail of 2.1% and wholesale of…





Nisa Xmas period sales up 18% to £277m

Scunthorpe-based Nisa Retail, currently being acquired by Manchester-based Co-op Group, said its sales rose 17.7% to £277 million over the Christmas period — the 10 weeks…


Grainger to buy Sheffield development for £32m

Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said it exchanged contracts with Abode Hallam Limited and agreed to forward fund and acquire a private…




Work starts on TransPennine bullet trains

Hitachi Rail Europe said production has started on new intercity trains for northern England, Scotland and the TransPennine Express. It said 19 new five-carriage trains harnessing Japanese…


Drax takes £10m hit from power station outage

Shares of North Yorkshire-based power company Drax Group fell more than 4% after it said biomass deliveries are currently restricted after an unplanned outage on the rail unloading facilities…






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…