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…
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…
Swiss private bank Julius Baer, which is opening new offices in Manchester, Leeds and Scotland, said a number of new key hires have joined the…
Clydesdale and Yorkshire Bank owner CYBG said on Tuesday its underlying profit before tax rose 33% to £293 million in the year to September 30. CYBG…
Southport-based Ludlow Wealth Management has acquired Scottish financial management business Whyte Sharp as it looks to increase its business in Scotland. Ludlow advises clients across…
Doncaster-based DFS Furniture said the Competition & Markets Authority (CMA) will allow its acquisition of sofa retailer Sofology Limited to proceed. “There were no conditions attached to the…
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…
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…
Edinburgh and Newcastle-based Virgin Money said it will enter the banking market for small and medium-sized enterprises (SMEs) starting with a deposit account in January 2018…
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…
The number of businesses in the North of England showing signs of growth is at its lowest for over five years, while the number showing…
The Competition and Markets Authority has provisionally concluded that Tesco’s £3.7 billion purchase of Booker does not raise competition concerns. This is a provisional decision and…
Members of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, voted narrowly in favour of Manchester-based Co-op Group’s offer to buy Nisa for…
Manchester Airports Group (MAG) priced a £300 million, 22-year bond with an annual coupon of 2.875% and order book that was more than three times…
Manchester-based Lookers plc, the UK’s biggest car dealership, said in a trading update that its turnover of new cars increased 10% in the nine months to September…
Shares of York-based house builder Persimmon fell almost 4% after it said in a third quarter trading statement that achieving detailed planning consent for new developments…
Harrogate-based Vp plc, the equipment rental specialist, announced the acquisition of Brandon Hire Group Holdings Limited and its subsidiaries for £41.6 million in cash and…
Los Angeles-based private equity firm Leonard Green & Partners (LGP) said it will buy a controlling interest in Leeds-based Pure Gym Ltd, the UK’s largest gym…
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…
The Bank of England — the UK’s central bank — raised interest rates for the first time in more than 10 years on Thursday but…
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…
Aon plc said it will acquire Leeds-based Henderson Insurance Broking Group. Terms have been agreed and Aon anticipates to complete the acquisition in December. Financial…
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…
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…
The Port of Tyne has handled its biggest ever cargo of wood pellets with the arrival of the bulk cargo vessel St Dimitrios from Vancouver…
The UK’s Crown Estate has confirmed the sale of Altrincham Retail Park to clients of Orchard Street Investment Management for £63.05 million. “The Crown Estate,…
Edinburgh and Newcastle-based Virgin Money is set to be the only company in the FTSE 350 with an all-female leadership after the bank confirmed it…
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….
Canadian real estate firm Avison Young said it agreed to acquire Manchester property consultancy WHR. The Manchester office will become Avison Young’s fifth office in…
A £19 million plan for a 15-storey property development in Manchester has been approved by Manchester City Council. The location of the site is on…
The third quarter of 2017 has seen listed companies in the North West of England add almost £2 billion to their total stock market values,…
North Yorkshire-based power company Drax Group said it contributed almost £1.7 billion towards UK GDP in 2016 and supported more than 18,500 jobs across the country. Drax…
Australian investment firm AMP Capital — which owns 49% of Newcastle Airport — has agreed to acquire 100 per cent of Leeds Bradford Airport from…
Newcastle-based house builder Bellway said its profit before tax rose 12.6% to £560.7 million on revenue up 14.2% to £2.5 billion in the year ended July 31,…
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-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…
Mike Ashley’s St. James Holdings Limited said in a statement it has put Newcastle United up for sale. The statement read: “As a result of increasing…
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…
Manchester-based fashion retailer N Brown Group said its revenue rose 5.6% to £453.4 million in the 26 weeks to September 2, with adjusted trading profit before tax…
Gateshead-based Vertu Motors plc said its revenues were unchanged at £1.45 billion for the six months ended August 31, 2017, but profit before tax was up 29.4%…
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…
Defence company BAE Systems announced nearly 2,000 job cuts on Tuesday after orders for its Typhoon fighter jet slowed. Based on current orders for its…
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,…
Shares of Doncaster-based DFS Furniture fell 4% after it said its profit before tax fell 22.3% to £50.1 million in the year to July 29 and…
A “nationally significant” advanced manufacturing park expected to deliver more than 5,000 jobs in the North East of England is moving forward with the appointment of a…
A consortium led by construction group Interserve has been selected for an £85 million project by Durham University to finance, design, build and operate two…
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%…
Developer CEG said it has submitted a planning application for a £350 million, 3.52 hectare (8.69 acre) site in South Bank, Leeds, close to the…
The UK Government said on Monday that £400 million of extra funding will back transport improvements across the Northern Powerhouse. “More than £100 million will go towards…
Berwick-upon-Tweed independent maltster Simpsons Malt said its 2016 profit before tax slipped to £9.3 million from £9.9 million with turnover sliding to £143.8 million from £160.7…
Real estate investment company Aprirose said it completed the acquisition of Leeds-based QHotels from Bain Capital Credit and Canyon Partners for £525 million — the…
Carol Kane, the joint CEO of Manchester-based online fashion giant Boohoo.com, sold 4.65 million of her shares in the firm for about £2.30 each to…
Shares of Manchester-based soaps and consumer products company PZ Cussons edged lower after it said in an AGM trading update that it had experienced “tough trading conditions…
Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said in a trading update it expects to report full-year adjusted earnings approaching £70 million, up from £53.1…
Shares of Manchester-based online fashion giant Boohoo.com fell 9% amid concerns over margin pressures despite the retailer reporting that revenue rose 106% and profit jumped…
Darlington-based vehicle hire company Northgate Plc said its chief finance officer Paddy Gallagher has been summarily dismissed “due to his conviction for the summary offence…
Shares of Wakefield-based Card Factory fell about 18% after it said profit before tax fell 14.1% to £23.2 million despite revenue rising 6.1% to £179.6 million in…
Caddick Developments, part of the Wetherby-based construction firm Caddick Group, said it plans to transform the six acre Quarry Hill area of Leeds into a…
Ratings agency Moody’s Investors Service has downgraded the credit rating of the UK, saying Brexit will weigh on the UK economy and that the UK government’s…
Manchester United announced financial results for the 12 months ended June 30, 2017, with revenue up 12.8% to £581.2 million and earnings before interest, tax, depreciation and…
Shares of Bradford-based window and door company Safestyle UK rebounded about 10% on Thursday after it said its revenue rose 1.4% to £82.5 million for the six months…
Selby, North Yorkshire-based power company Drax Group said its chief financial officer Will Gardiner will succeed Dorothy Thompson as CEO from January 1, 2018 — just as…
Manchester’s Co-op Group said revenue fell slightly to £4.6 billion in the 26 weeks ended July 1 compared to £4.7 billion at the same stage last year…
Leeds-based law firm Walker Morris said its corporate group has completed 17 deals with a total deal value of more than £900 million since May….
Manchester-based Co-operative Bank said its chief financial officer John Worth is leaving the bank following the completion of its restructuring and recapitalisation earlier this month. “John…
A fund advised by real estate investment manager Tristan Capital Partners has invested £439 million in a new UK student housing joint venture that it…
Middlesbrough-based Teesside University said it launched a programme of investment which will see £300 million spent to transform its campus over the next 10 years….
The Greater Manchester Pension Fund (GMPF) has bought Salford’s iconic Soapworks development — formerly the Colgate-Palmolive factory — from The Carlyle Group for £60 million….
Auditing firm KPMG has appointed Nicola Quayle to lead the company’s Manchester office from October 1. Quayle is the first woman to be appointed as…
Bank of England Governor Mark Carney said in a television interview that the possibility of the first British interest rate rise in 10 years had…
A new M&A network has been launched to seek out global opportunities for firms based in the North of England. The new network of corporate…