Northern Financial Review

Sweden’s Pandox AB has acquired the Queens Hotel in central Leeds from real estate investment company Aprirose for about £53 million. The acquisition includes both…

Benchmark Holdings, the Sheffield-based quaculture genetics, health and nutrition company, announced that it has acquired the remaining 10.52% minority interest in its subsidiary Benchmark Genetics Iceland….

Sunderland-based furniture and floorings company ScS Group announced the completion of £7 million of share buyback programmes — representing 10.7% of the firm’s issued share capital….

Chester-based price comparison website Moneysupermarket.com Group Plc said its revenue increased 22% to £387.6 million and profit before tax rose 21% to £85.2 million for the year…

Moody’s Investors Service announced it has downgraded the corporate family rating (CFR) and the probability of default rating (PDR) of Market Holdco 3 Limited, the…

Manchester Airports Group (MAG) said it delivered a strong start to 2023 with passenger volumes at more than 90% of those seen pre-pandemic. MAG, which…

The Financial Conduct Authority (FCA) said it has used its powers to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto…

Leeds-based Jet2 said on Monday the latest Air Travel Organiser’s Licence (ATOL) data published by the Civil Aviation Authority shows that Jet2holidays is now the UK’s…

Manchester-based Co-operative Group Limited announced in a stock exchange statement it will “vigorously” defend a £450 million claim that has been issued against it. “Co-operative…

Sheffield Forgemasters announced it has signed signed a memorandum of understanding (MOU) with a fourth civil nuclear provider. It said it has signed an MOU to collaborate…

Redrow plc, the Flintshire-based house building giant, said on Thursday it expects to achieve revenue of around £2.05 billion for its full financial year, as its…

Shares of Manchester-based molecular diagnostics company Genedrive rose as much as 20% on Thursday after it said the UK’s National Institute for Health and Care Excellence (NICE) has…

Newcastle-based house building giant Bellway said its overall reservation rate fell 31.7% to 138 per week during the six months ended January 31, 2023. In a…

Grainger plc, the UK’s largest listed provider of private rental homes, published a trading update for its AGM at the firm’s head office in Newcastle upon…

Shares of Wilmslow-based fashion firm Sosandar plc were down about 16% on Wednesday afternoon as it announced it has conditionally raised gross proceeds of £5.4 million…

Shares of Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, fell about 11% after it said it “identified a deficiency in the value of…

Shares of Manchester industrial chain and power transmission firm Renold plc rose about 12% after it published a trading update covering the 10 month period to…

Manchester-based FTSE 250 consumer products company PZ Cussons said its adjusted revenue rose 18.8% to £336.9 million in the half year ended December 3, 2022, and adjusted pre-tax…

Bury-based FTSE 100 retailer JD Sports Fashion plc announced that it has formally completed the divestment of the businesses which trade as Tessuti (inc Xile), Scotts,…

Northcoders has announced an agreement to acquire Tech Returners Limited, a technology re-training business for senior-level personnel for £1.576 million in cash and shares.  …

Bridges Fund Management announced that alongside its developer partner HUB it has secured £108 million of forward funding from Canadian real estate investment company Realstar…

Australia’s Recharge Industries was on Monday selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major…

By Mark McSherry Croda International announced it has agreed to acquire Solus Biotech, a leader in “premium, biotechnology-derived beauty actives” from Solus Advanced Materials for…

Wilmslow-based fashion firm Sosandar plc announced that its chairman has died. “It is with regret that Sosandar announces that Bill Murray, non-executive chairman of the…

Manchester City Football Club has been referred to an independent commission over alleged breaches of Premier League finance rules, England’s top football league said on…

Manchester-based commercial property giant Bruntwood said on Monday its net asset value rose by more than 10% to £671.5 million in the year ending September 30, 2022, and…

Bruntwood SciTech, the Legal & General and Bruntwood 50-50 joint venture specialist property platform focussed on the UK’s life science and tech industries, announced that it has…

Manchester nano-material firm Nanoco Group — which produces quantum dots used to make vibrant screen displays — announced that final agreements have been signed to settle the litigation with…

Shares of Bradford-based window and door company Safestyle UK plc rose about 13% after it published a trading update for the year ended January 1, 2023, saying…

Shares of NCC Group, the Manchester-based global cyber security firm, fell about 10% on Thursday after it warned it has experienced a recent “lengthening of…

Shares of Bury-based FTSE 100 retailer JD Sports Fashion plc rose about 8% as the firm’s new CEO Régis Schultz and his management team gave…

Shares of Hull-based meat processing giant Cranswick rose about 6% after it published a third quarter trading statement — for the 13 weeks to December 24,2022…

Manchester-based Re:course AI, which is developing an artificial intelligence (AI) healthcare training simulator, has secured $4.3 million in seed funding in a round led by Par…

Leeds-based engineering services and infrastructure group Renew Holdings announced its order book at December 31, 2022, was £861 million, up from £742 million a year earlier. In…

SIG plc, the Sheffield-based international building materials supplier, announced that Gavin Slark — formerly of Grafton Group — has officially joined SIG as chief executive officer….

Halma, the Amersham-based FTSE 100 global group of life-saving technology companies, announced it has acquired Bradford-based Thermocable (Flexible Elements) Ltd for its safety sector fire…

New investment firm Kelso Group Holdings Plc said on Tuesday it has bought a small shareholding in online nutrition and beauty giant THG, which it…

Shares of ITM Power, the Sheffield-based green hydrogen and energy storage firm, rose about 13% after it published results for the six months to October…

Chesire-based NWF Group plc, the business that delivers fuel, food and agricultural feeds across the UK, announced “record first half results” with group revenues and…

Shares of Wilmslow-based pet and vet retailer Pets at Home Group rose about 10% after it published a third-quarter trading statement for the 12 week period…

Bury-based FTSE 100 retailer JD Sports Fashion plc announced it has been the target of a cyber incident which resulted in “the unauthorised access to a…

York-based life sciences firm Aptamer Group plc has announced that following initial positive results from a project with “a multi-national consumer goods company” it has signed…

Bradford-based supermarket giant Morrisons said its revenue for the 52 weeks ending October 30, 2022, rose 2.2% to £18.4 billion. Group like-for-like (LFL) sales ex-fuel fell…

By Mark McSherry Manchester-based Tosca Debt Capital (TDC) announced it has entered into a new capital partnership with global investment firm KKR, which is making…

Shares of Manchester-based online holiday retailer On the Beach Group plc (OTB) rose as much as 9% after it published an encouraging trading update for the…

Bradford-based Provident Financial plc on Thursday said that its chief executive officer is to step down, while its fourth quarter trading remains in line with…

Carlisle-based agriculture and engineering firm Carr’s Group said on Thursday it will apply to have the trading of its shares reinstated when its delayed results…

Leeds-based Jet2 said on Thursday it now expects its results for the year ending March 31, 2023, to exceed current average market expectations of £317 million. In…

The £20 billion Greater Manchester Pension Fund (GMPF) has committed a further £100 million into alternative asset management group Gresham House’s Sustainable Infrastructure (BSIF) strategy. GMPF…

England has an “immature formalisation of the central-local government relationship” versus comparable countries, according to the latest State of the North report by influential think…

MAG (Manchester Airports Group) has announced a £440 million investment in Manchester Airport that it says will create thousands of jobs and unlock billions of…

Shares of Blackburn-based toilet roll and tissue maker Accrol Group rose about 7% after it announced it intends to resume dividend payments “as soon as is…

The number of UK businesses in financial distress has increased as legacy Covid debt, rampant inflation and tumbling consumer confidence puts companies closer to collapse,…

Sheffield-based property investment and construction group Henry Boot on Tuesday hailed 2022 performance, saying it was the “best year ever” at an underlying profit level….

Manchester-based consumer brands giant THG plc announced that former Deloitte audit partner Damian Sanders has been appointed its chief financial officer (CFO) with immediate effect.  …

Slingshot Simulations, a “digital twin” and decision intelligence company, has secured a £3 million Series A round of investment from Northern Gritstone, Mercia and the…

Wilmslow-based fashion firm Sosandar plc announced that it has entered into an agreement to sell a curated collection of its products through J Sainsbury. Sosandar is…

Shares of Salford-based fashion firm In The Style fell about 30% on Friday after it published a trading update for the three months to December 31,…

The Business Growth Fund (BGF) said it has achieved a record year for realisations in the North West of England, having completed three highly successful exits…

Shares of York-based online musical equipment retailer Gear4music fell about 17% after it published a trading update for the three months to December 31, 2022….

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, said its revenue for the year ended December 31, 2022, was £719 million, which represents year-on-year…

Eden Project Morecambe, previously known as Eden Project North, said it has been awarded £50 million in the second round of the UK Government’s Levelling…

Sage Group, the Newcastle-based accounting software giant for SMEs, said its total revenue increased 10% to £540 million in the three months ended December 31,…

Shares of Manchester-based online fashion giant Boohoo fell about 7% after it published a trading statement for the four months to December 31, 2022, showing…

Shares of Salford-based investment platform AJ Bell fell about 7% after it published a trading update for the three months ended December 31, 2022, showing…

Paris-based CGR has established a base in the UK with the acquisition of Skipton-based wire springs group John Binns & Son (Springs) Limited. CGR is…

Wakefield-based Team17 Group, the developer of video games and educational entertainment apps, published a trading update for the year to December 31, 2022, saying its results “will be…

British billionaire Jim Ratcliffe’s company Ineos has officially joined the race to buy the English football club, Bloomberg reported. “I can confirm that we have…

Shares of Wetherby-based life sciences company Avacta Group rose about 13% after it announced that its tumour targeted therapy AVA6000 “continues to show a very favourable…

Shares of Manchester-based THG plc fell as much as 17% after the firm announced it is reviewing the future of its loss-making businesses outside of…