Under-fire Persimmon in big payout to shareholders
York-based housebuilder Persimmon — still under shareholder fire for excessive executive compensation — said on Tuesday its 2017 revenue rose 9% to £3.42 billion and profit…
York-based housebuilder Persimmon — still under shareholder fire for excessive executive compensation — said on Tuesday its 2017 revenue rose 9% to £3.42 billion and profit…
Shares of Newcastle-based bus and rail group Go-Ahead Group rose 14% after it said revenue rose 6.6% to £1.8 billion and profit before tax rose 19%…
Bradford-based supermarket group Morrisons said it has acquired Flaxby, North Yorkshire-based Chippindale Foods, a supplier of free range eggs. “The acquisition means that Morrisons will make…
Manchester-based online fashion retailer N Brown announced the appointment of Tesco UK CEO Matt Davies as its chairman elect with immediate effect. Prior to Tesco, Davies…
EE, part of BT Group, has unveiled a new 4G home broadband product which could connect 580,000 homes across the UK, especially those in rural…
Manchester-based Revolution Bars Group plc announced the appointment of Rob Pitcher as its new chief executive Officer. The joining date will be advised in due course. Pitcher has more…
Manchester-based Co-operative Bank plc said it will appoint Bob Dench as chairman effective March 14, 2018, succeeding Dennis Holt who is retiring in May 2018….
Johnston Press — owner of The Yorkshire Post, The Scotsman, the i newspaper and about 200 local newspapers and websites — said in a 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…
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…
York-based Gear4music, the online retailer of musical instruments and equipment, said in a trading update for the four months to December 31, 2017, that sales rose 42%…
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…
Sheffield-based video gaming giant Sumo Group plc announced the successful pricing of its initial public offering, with a placing 38,445,869 ordinary shares at 100p per…
Mike Ashley’s Sports Direct International has called a general meeting for shareholders to vote on whether Ashley’s brother John should be paid £11 million by…
Shares of Thirsk, North Yorkshire-based steel group Severfield rose 11% after it said its revenue rose 16% to £137.1 million and underlying profit before tax soared 59%…
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…
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…
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…
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…
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…
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…
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%…
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 consortium led by construction group Interserve has been selected for an £85 million project by Durham University to finance, design, build and operate two…
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…
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…
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…
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….
Lancashire-based tissue maker Accrol Group said it appointed Gareth Jenkins as its new chief executive. Jenkins’ previous experience includes 24 years at DS Smith plc, one…
Chelmsford-based Global Marine Group (GMG), an offshore engineering services company for the renewables, telecommunications and oil & gas industries, announced it has expanded its operations base…
Law firm Addleshaw Goddard said its Manchester corporate team advised on 18 transactions with a total value of over £677 million in the second quarter…
Shares of troubled sub-prime lender Provident Financial Group rebounded 20% on Friday after it announced it re-hired former executive Chris Gillespie as managing director of its home…
Shares of sub-prime lender Provident Financial plummeted more than 70% after it issued a second profit warning in roughly two months and said its CEO Peter…
York-based house builder Persimmon said its revenue rose 12% to £1.66 billion and profit before tax increased 30% to £457.4 million in the first-half of…
Manchester-based Co-operative Bank said on Thursday its losses before tax narrowed to £135.2 million in the six months to June 30, 2017, from £177 million…
Shares of Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, rose about 8% after it said its revenue grew 5% to…
Investment and financial planning group Tilney announced an agreement to acquire the assets of Manchester-based private client investment management and advisory business Midas Investment Management….
Swiss private bank Julius Baer said it is opening new offices in Manchester, Leeds and Glasgow and it has hired a number of experienced relationship…
Shares of Doncaster-based DFS Furniture rose almost 5% after it said it agreed to buy Golborne-based sofa retailer Sofology Limited and announced an agreement to refinance its existing borrowings. DFS…
Bradford-based supermarket group Morrisons announced a long-term wholesale supply initiative with convenience retailer McColl’s which it said will take its wholesale supply sales eventually to more than…
The Manchester office of private equity firm Endless has backed a management buyout of British upmarket luggage company Antler. Antler CEO David Sharman will continue…
Shares of Selby, North Yorkshire-based power company Drax Group fell more than 3% on Wednesday after it said “increases to depreciation and amortisation costs and unrealised…
Newcastle-based transport group Go-Ahead Group said the Department for Transport (DfT) announced an eight-week extension to its current London Midland franchise, from 15 October to…
UK companies distributed an all-time record £33.3 billion in dividends in the second quarter, beating the previous record of £29.1 billion set in Q2 last…
Move over London, Paris and New York — Manchester is catching up fast as an international fashion business hub. Manchester is now home to a…
Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — announced it will operate the regional rail transport in the north of the Netherlands for another 15…
West Yorkshire-based NG Bailey, the family-owned engineering, IT and facilities services firm, said its sales increased 23% to £500 million and operating profit doubled from £6…
Cheshire-based financial advisory company Tatton Asset Management announced its intention to float on the Alternative Investment Market (AIM) of the London Stock Exchange. Tatton said…
Shares of Manchester-based fashion retailer N Brown Group rose about 8% after it said in a trading statement its product revenue rose 10.2% in the…
Leeds-based private equity investor Endless said it acquired CER Staffing Solutions Limited, trading as Affinity Workforce, from Capita plc for an undisclosed price. With revenues of £140…
Adderstone Group said it submitted updated plans for a proposed 124 apartment and commercial scheme on a vacant brownfield site on Newcastle Quayside. The 1.5…
Shares of York-based Gear4music, the online retailer of musical instruments and equipment, rose 4.55% after it said revenue jumped 58% to more than £56 million and underlying operating profit soared…
Bradford-based supermarket group Morrisons said its group like-for-like sales excluding fuel were up 3.4% in the 13 weeks to April 30. “There was some inflation during the…
Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said its group revenue rose 4% to £900.7 million in the 53 weeks…
Stagecoach Group and Virgin Group announced they are joining forces with French high speed rail operator SNCF to bid for the UK’s West Coast Partnership…
Rotherham-based fishing tackle retailer Fishing Republic, which had an IPO in 2015, said its revenue rose 41% to £5.8 million and profit before tax and exceptional items climbed 32%…
Leeds is set to benefit from a £173.5 million UK government funding package that will provide high frequency busways, improved park and ride facilities and better stops…
Private equity firm Phoenix Equity Partners agreed the sale of Preston-based Key Retirement Group (KRG), a provider of financial products for retirees, to funds managed or…
CYBG, owner of Clydesdale and Yorkshire Banks, said it will make a minimum of £6 billion of lending available from 2017 to 2019 to help fuel…
The Co-op Group, based in Manchester, said its operating profit rose 32% to £148 million on revenues up 3% to £9.5 billion in the year to December 31. However, the mutual recorded a…
Shares of Newcastle-based utility consultancy Utilitywise fell more than 11% after it said executive chairman and founder Geoff Thompson would become non-executive chairman with immediate effect and…
Manchester-based cyber security company NCC Group said on Monday it appointed Chris Stone as executive chairman with effect from April 6, 2017. “It is intended that he will…
Peel Ports Group subsidiary BG Freight Line will introduce a new weekly freight container ship service between Cork and Liverpool on March 27. It is hoped the new route…
Shares of Sunderland-based furniture and floorings retailer ScS Group rose on Tuesday after it said its revenue rose 14.6% to £157.9 million and gross profit increased 12.4% to £72.9 million in the…
Leeds-based private equity firm Endless LLP said it backed the carve-out of Sheffield-based SIG plc’s Carpet and Flooring (C&F) business. C&F has turnover of around £100 million and employs…
Select Property Group said it signed heads of terms on a joint venture partnership deal with the Greater Manchester Property Venture Fund (GMPVF) to deliver its…
Manchester-based internet infrastructure firm Metronet (UK), backed by mid-market private equity firm Livingbridge, said it acquired London-based fibre network provider Venus Business Communications. The acquisition of Venus follows Metronet’s…
Newcastle-based Sage Group, the UK’s largest tech company, said it agreed to acquire Fairsail, the fast-growing cloud human capital management system for mid-sized businesses. Currently a minority…