Northern Financial Review

Shares of Alderley Park-based Redx Pharma rose about 12% as the clinical-stage biotechnology company announced that three abstracts submitted by the firm “have been accepted…

Shares of Merseyside-based Vimto and soft drinks firm Nichols plc rose about 6% after it published 2023 results showing profit before tax soared 75.3% to…

Runcorn-based workwear and textile firm Johnson Service Group (JSG) said its total revenue for 2023 increased 20.6% to £465.3 million and profit before taxation rose to £37.6…

University of Manchester spinout firm Phagenesis, which has developed a neurostimulation system to treat swallowing dysfunction, has closed a $42 million Series D financing all equity…

Manchester-based Co-op said it has launched a new partnership with Uber Direct, enabling shoppers to order groceries via Co-op’s own online shop with delivery locally through…

SIG plc, the Sheffield-based international building materials supplier, said its 2023 revenue was 1% higher at £2.761 billion “including 1% from acquisitions, 1% from movements on exchange…

Newcastle-based Greggs said its 2023 pre-tax profit rose 27% to £188.3 million as total sales grew 19.6% to £1.809 billion. Underlying profit before tax excluding exceptional income…

Shares of Gateshead-based Vertu Motors plc rose as much as 4% after it published a trading update for the five-month period to January 31, 2024, saying UK…

Manchester-based consumer brands giant THG plc has confirmed the extension of its revolving credit facility (RCF) by 17 months to May 2026. “The £170 million facility…

The Consello Group, a global advisory and investing firm, has announced the appointment of real estate developer and entrepreneur Gary Neville — the former Manchester United…

Leeds-based supermarket giant Asda has announced proposals for “a record £150m investment” in its retail pay offer to become “the highest paying UK grocery retailer.”…

Newcastle Building Society said its assets rose 17% to to £6.2 billion in 2023 as the mutual reported gross mortgage lending for the year of…

Sage Group plc, the Newcastle-based FTSE 100 global software business, has announced the introduction of its new generative AI-powered “productivity assistant” called Sage Copilot. Sage…

Shares of Wetherby-based life sciences company Avacta Group fell more than 25% after it carried out a heavily discounted share placing. The company said it successfully…

Shares of North Yorkshire power generator Drax Group rose as much as 10% after it reported £1.2 billion in 2023 adjusted earnings before interest, taxes, depreciation…

Bradford-based Yorkshire Building Society said its balances increased by £5.1 billion to £47.1 billion in 2023 as profit before tax slipped 10% to £450.3 million….

Liverpool-based online retail and financial services firm The Very Group, owned by the Barclay family, announced it has agreed a new long-term partnership with investment firm…

Shares of York-based Animalcare Group plc, the international animal health business, rose as much as 15% after it announced it disposed of its majority shareholding in…

Manchester-based Co-op Bank said its statutory profit before tax fell about 46% to £71.4 million in 2023 reflecting “exceptional redress of £28.9m in respect of the…

The Northern Gritstone investment firm and Deeptech Labs have announced a partnership in association with the universities of Leeds, Manchester and Sheffield to accelerate the creation…

The Skipton Group, which includes Skipton Building Society, estate agency Connells and other businesses, said its savings balances grew 15.4% to £26 billion in 2023 and…

Kitwave, the North Shields-based wholesaler that went public in 2021, said its revenues increased 20% to £602.2 million in the year to October 31, 2023,…

Shares of Croda International, the Snaith, East Yorkshire-based FTSE 100 speciality chemicals giant, fell as much as 4% after it said its 2023 adjusted profit…

Shares of Manchester-based household products firm McBride rose as much as 17% after it raised its full year profit expectations and announced a strong first…

Shares of Shares of Manchester-based online holiday retailer On the Beach Group plc (OTB) soared as much as 12% after it announced that it has signed a…

University of Leeds spinout firm Adsilico, a computational medicine company, has received an investment boost to scale up its ground-breaking work. Northern Gritstone and Parkwalk…

Begbies Traynor Group plc, the Manchester-based business recovery and financial advisory firm, has issued a trading update for its third quarter ended January 31, 2024, and announced…

Start-up business numbers in the North East of England have reached their highest levels in 10 months, according to new research from restructuring trade body…

The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain – finding that the “complex and unpredictable…

Yorkshire Building Society has confirmed that Santander UK executive Tom Ranger will join the mutual as chief finance officer (CFO) later this year. Yorkshire Building…

Newcastle-based NorthStandard, the global marine insurer, has reported a rise in premium income “with positive market response”s to its post-merger scale and global operating structure….

Leeds Building Society has reported that its net savings inflow increased to a record high of £2.7 billion in 2023, with total savings balances reaching a…

Leeds Building Society has announced agreements with North Yorkshire Council and North Norfolk District Council to stop new loans on holiday let homes during a…

Green hydrogen pioneer GeoPura has completed a £56 million investment round that it said will help accelerate the UK’s adoption of green hydrogen by expanding…

Shares of York-based life sciences firm Aptamer Group plc rose about 11% after it announced the second phase of its ongoing partnership with Neuro-Bio, an Oxfordshire-based…

Merseyside-based Applied Nutrition announced the appointment of AJ Bell founder Andy Bell as its new chair.  Tony Buffin, former CEO of Holland & Barrett and COO of Travis Perkins…

The Serious Fraud Office (SFO) said it raided three residences and made four arrests in Merseyside and Greater Manchester as it announced it is investigating…

Manchester United plc and Trawlers Limited, an entity wholly owned by Jim Ratcliffe, have confirmed that Ratcliffe has completed his acquisition of 25% of the…

Manchester headquartered specialist lender Assetz Capital said it has launched a new planning assistance loan product aimed at supporting the conversion of commercial buildings in to residential…

First Milk, the Cumbria-based co-operative, said it completed the acquisition of BV Dairy (Blackmore Vale Farm Cream Limited), the manufacturer of specialist chilled dairy products…

Student accommodation specialist Unite Students and Newcastle University have contracted to form a joint venture (JV) to develop a 2,000-bed site at the University’s Castle…

Chester-based price comparison website Moneysupermarket.com Group Plc said its revenue rose 11% to a record £432 million in the year ended December 31, 2023, “led by exceptional trading…

Skipton Group announced that Sarah Whitney is to step down from her role as a non-executive director of Skipton Building Society and as chair of…

Homes England has acquired Quayside West, the largest land parcel in Forth Yards, one of the most significant brownfield regeneration sites in Newcastle. “Located right…

Sheffield-based aquaculture biotechnology firm Benchmark Holdings said on Thursday its first-quarter revenues were £40.5 million for the three months ended December 31, 2023, 26% below “a particularly strong…

Sheffield-based affordable house builder MJ Gleeson plc said its revenue fell 11.4% to £151.5 million and profit before tax dropped 55.3% to £7.2 million in the half…

Shares of Leeds-based Jet2 plc rose as much as 5% after it published a positive trading update in which it slightly raised its profit guidance for…

The Liverpool City Region (LCR) Freeport is set to create 500 full-time jobs at a massive new logistics facility to be developed at 3MG in…

Newcastle-based Newcells Biotech — whose laboratory models are used in drug development and reduce reliance on animal testing — has raised a further £2.35 million to…

Singapore-based ComfortDelGro Corporation Limited announced that its subsidiary CityFleet Networks has acquired Accrington-based CMAC Group, a ground transport management and accommodation network specialist, for £80.2…

Manchester Airports Group (MAG) said it had  a strong start to 2024, serving 3.9 million passengers across its airports in January. The passenger total for…

Liverpool-based delivery firm Yodel said it has been acquired by YDLGP Limited, a newly formed company connected to logistics firm Shift, for an undisclosed amount….

Bradford-based Yorkshire Building Society has appointed Richard Bowles as Chief Risk Officer to lead the mutual’s compliance, risk and legal teams. “He joins at a crucial…

LDC, the private equity division of Lloyds Banking Group, has invested in the expanding Manchester insurtech business Uinsure to support its growth strategy. Founded in 2007,…

North East Local Enterprise Partnership CEO Helen Golightly has announced her intention to leave public service in May. Golightly said in a statement: “I am…

Newcastle-based house building giant Bellway said its housing revenue fell 30% to £1.25 billion the six months ended January 31, 2024, down from £1.8 billion…

PulmoBioMed — a Northumbria University spinout which has developed a new lung test that could lead to earlier diagnosis of asthma and other conditions —…

Shares of James Fisher and Sons plc, the Barrow-in-Furness marine engineering firm, fell as much as 13% after it published an update on trading for the…

Manchester-based Bruntwood SciTech – the commercial real estate joint venture between Bruntwood, Legal & General and Greater Manchester Pension Fund – said it has secured a…

Shares of Alderley Park-based Redx Pharma rose about 20% after it announced that Dublin-based Jazz Pharmaceuticals plc will acquire Redx’s KRAS (Kirsten rat sarcoma virus)…

Shares of Manchester-based consumer products company PZ Cussons — the maker of Carex and Imperial Leather — fell as much as 20% after the firm warned…

Barratt, the UK’s biggest homebuilder, said it has made a recommended all-share offer to buy Flintshire-based Redrow in a deal valuing its smaller rival at about £2.52…

Global investment firm Carlyle has provided real estate developer Round Hill Capital with a £115 million development loan to fund the construction of Fairfax, a…

The latest Deloitte Regional Crane Surveys show that residential and purpose-built student housing developments led construction activity across four of the UK’s most important regional…

Shares of SysGroup plc, the IT services, cloud hosting and cyber security firm, rose more than 20% after it said it performed well during the third…

Leeds-based supermarket giant Asda announced it will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate…

Legal & General Investment Management (LGIM) said it has expanded its existing relationship with Greater Manchester affordable housing firm Jigsaw Homes Group following the completion…

More than £35 million of funding for the restoration of the Tyne Bridge has finally been signed off by the UK government. The Department for…

Manchester-based commercial property giant Bruntwood Group Limited said it has reported unrealised revaluation losses of £199m for the year to October 2, 2023, and a…

Bradford-based supermarket giant Morrisons said its full year total revenue excluding fuel rose 2.7% to £14.9 billion in the 52 weeks ending October 29, 2023. Full year…