Northern Financial Review

By Mark McSherry Shares of Manchester-based consumer brands giant THG plc rose about 30% on Monday after it confirmed it received “a highly preliminary and…

Shares of Manchester industrial chain and power transmission firm Renold plc rose about 15% on Monday after it published a strong trading update for the year…

Manchester-based Co-op Bank is in the early stages of exploring strategic options — including mergers and acquisitions, a sale of the bank and an initial…

Legal & General (L&G) and Glenbrook announced the funding of a £140 million residential development in Whitehall Riverside in Leeds, committing to the delivery of…

By Mark McSherry Manchester Airports Group (MAG) said it served 92% of pre-pandemic passenger levels in March. MAG, which owns and operates Manchester, London Stansted…

Leeds-based Jet2 plc announced the appointments of Simon Breakwell and Angela Luger as independent non-executive directors of the company with effect from April 27 and July…

Shares of Cheshire-based international veterinary drugs giant Dechra Pharmaceuticals rose about 35% to around £37.50 on Friday after it said late on Thursday it has entered…

Shares of Bolton-based online electrical retailer AO World plc rose about 11% on Friday after it published a trading update for the 12 months to March 31,…

Cheshire-based international veterinary drugs giant Dechra Pharmaceuticals said late on Thursday it has entered into discussions with Swedish private equity firm EQT over a possible £4.63 billion…

Shares of Manchester-based FTSE 250 consumer products company PZ Cussons rose about 4% after it published a trading update for its third quarter ending March 4, 2023,…

Wilmslow-based fashion firm Sosandar plc published a trading update for its financial year ended March 31, 2023, showing revenue up 44% to £42.5 million and…

By Mark McSherry Shares of Ladbible parent LBG Media plc fell as much as 5% on Wednesday morning after it said its 2022 profit before tax…

Newcastle-based Greggs has reported “significant progress” towards its 2025 sustainability targets as it launched the third edition of its annual sustainability report called The Greggs…

Northern Gritstone, the investment business focused on university spin-outs and technology-enabled businesses in the North of England, has invested in LC AuxeTec, a deeptech company…

Manchester-based Bruntwood SciTech said it has secured an additional £100 million as part of its financing facilities from HSBC UK, Lloyds Bank, NatWest and Santander…

Shares of Manchester-based consumer brands giant THG plc rose as much as 8% as it announced a new partnership with beauty e-commerce retailer Maximo Group, home…

Shares of York-based online musical equipment retailer Gear4music fell as much as 10% after it announced a year-end trading update covering the 12 months to…

Shares of Newcastle-based building services firm Northern Bear plc rose about 30% after it published an update on its corporate strategy, dividend policy and trading…

Altrincham-based car dealership Lookers plc reported that its 2022 revenue rose 6.2% to £4.3 billion while profit before tax slipped to £84.4 million from £90 million,…

Manchester-based Co-op Group said it aims to attract one million active new members over the next five years as it announced its revenue rose 3% to £11.5…

Shares of Macclesfield-based Franchise Brands fell about 25% after the firm announced an equity raise at a discount of 27% to help fund the purchase of Hydraulic…

Leeds-based digital services partner Hippo Digital has acquired Leeds-based data consultancy The Data Shed. This acquisition takes Hippo Digital’s headcount close to 400 and revenues…

Rathbones Group Plc has agreed to buy the UK wealth management business of Investec Plc in an all-share deal valued at £839 million. The merger will…

The new CEO of Warrington-based water giant United Utilities, Louise Beardmore, said the company is planning to bring forward investment of £914 million. The company said…

Liverpool-based FTSE 100 firm B&M European Value Retail S.A. said it completed a refinancing of its bank facilities. “The extended group facilities, provided by a syndicate of…

The eight research intensive universities that form the Midlands Innovation organization have established a new investment company called Midlands Mindforge Limited “to accelerate the commercialisation of university…

Liverpool-based Surface Transforms plc said the production problems it reported in January have now been resolved. Surface Transforms is a manufacturer of next-generation carbon-ceramic brake…

Leeds-based transport data analytics firm Tracsis plc announced a 76% increase in profit before tax to £2.3 million for the six months ended January 31 as its…

By Mark McSherry Newcastle United has filed its financial results for the 2021-22 financial year, showing a loss after tax of £70.7 million for the 12…

Manchester-based online holiday retailer On the Beach Group plc (OTB) said THG executive Jon Wormald will join the firm on June 30 as group chief financial officer…

Shares of NCC Group, the Manchester-based global cyber security firm, fell as much as 35% on Friday after it warned in a trading update that…

Bradford-based supermarket giant Morrisons said its total revenue rose 3.4% to £4.713 billion in its first quarter — the 13 weeks ending January 29, 2023. Morrisons…

Shares of North Yorkshire power generator Drax Group rose as much as 6% on Thursday after it said the UK government has confirmed its commitment to…

Northern Gritstone, the investment business focused on university spin-outs and technology-enabled businesses in the North of England, has secured a new capital commitment of £30…

Leeds-based supermarket giant Asda announced its adjusted EBITDA earnings fell 24% in 2022 to £886 million as it “invested to absorb cost price inflation and keep…

Shares of York-based Animalcare Group plc, the international animal health business, rose about 5% after it announced 2022 results showing revenue slipped 3.3% to £71.6 million…

Newcastle-based house building giant Bellway said its first-half revenue rose 1.6% to a record £1.809 billion as it announced a £100 million share buyback. Profit…

Shares of Wakefield-based Team17 Group, the developer of video games and educational entertainment apps, fell about 8% as it announced CEO Debbie Bestwick will step down soon and…

By Mark McSherry Shares of Alderley Park-based Redx Pharma fell about 15% on Monday after it announced that its $425 million all-share merger agreement with…

Severfield plc, the Thirsk, North Yorkshire-based steel group, reported a record UK and Europe order book of £508 million at March 1, 2023, of which…

Shareholders of Salford-based fashion firm In The Style have narrowly approved a resolution at a general meeting to sell its only operating subsidiary In The…

Leeds-based UK Infrastructure Bank (UKIB) said it has been established as an “enduring institution” with key legislation receiving Royal Assent. “The UK Infrastructure Bank Act has been…

James Fisher and Sons plc, the Barrow-in-Furness international marine engineering company, said publication of its 2022 financial results will be delayed from March 28 until…

Shares of Bradford-based window and door company Safestyle UK plc fell about 16% after it warned that it expects 2023 revenue to be below current expectations…

Carlisle-based agriculture and engineering firm Carr’s Group published its delayed results on Thursday, saying revenue from continuing operations increased 3.3% to £124.2 million and reported profit…

The boards of Newcastle Building Society and Manchester Building Society said they have now entered into a legally binding agreement to merge “by way of…

Manchester-headquartered international law firm DWF Group plc has announced an update on its restructuring, saying it will operate from May 1 under three units — Commercial…

Peel NRE, part of Peel L&P, has submitted detailed plans to Warrington Borough Council by to regenerate Fiddler’s Ferry Power Station. Located on the north…

Manchester-based DSW Ventures, the venture capital arm of the Dow Schofield Watts group, is launching its first Seed Enterprise Investment Scheme (SEIS) fund — aiming…

Sunderland-based furniture and floorings company ScS Group said its revenue increased 2.6% to £147.9 million in the the 26 weeks ended January 28, 2023, while The…

Sheffield-based property investment and construction group Henry Boot plc said its 2022 revenue rose 48% to £341.4 million and profit before tax increased 29.7% to £45.6…

North Yorkshire power generator Drax Group said on Tuesday it will pause its planned £2 billion UK investment in bioenergy with carbon capture and storage (BECCS)…

Sheffield-based specialist engineering group Pressure Technologies announced it is likely the company’s ordinary shares will be suspended from trading on AIM on April 3, 2023. Pressure Technologies…

The Northern Powerhouse Partnership (NPP) has called for mayors and council leaders in the North of England “to retain more local cash as part of…

Lloyds Banking Group has announced plans to move into what it called “the most energy efficient office buildings in Yorkshire” at 11 and 12 Wellington…

Shares of York-based life sciences firm Aptamer Group plc rose about 9% after it announced it has developed a new reagent, Optimer-Fc, for use in automated…

Manchester-based molecular diagnostics firm Yourgene Health plc said it “has agreed” that Barry Hextall, its chief financial officer (CFO), will step down from his role as…

Bodycote, the Macclesfield-based heat treatment and thermal processing giant, said its 2022 revenue rose 20.8% to £743.6 million while profit before taxation increased 23% to…

Doncaster-based DFS Furniture plc reported that its revenue from continuing operations slipped 2.2% £544.5 million for 26 week period ended December 25, 2022, while profit before…

Shares of Alderley Park-based drug development firm Evgen Pharma plc rose about 9% after it announced that new research findings will be presented at the ESMO…

Warrington-based water giant United Utilities announced that Louise Beardmore will take up the role of CEO on March 31, 2023. United Utilities is the UK’s…

Severfield plc, the Thirsk, North Yorkshire-based steel group, said it agreed to acquire Voortman Steel Construction Holding B.V. (VSCH) of Rijssen in the Netherlands for €24 million….

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, has reported adjusted profit before tax of £90.4 million for 2022, an increase of 23%…

The UK Competition and Markets Authority (CMA) has found that Leeds-based Asda’s £611 million purchase of the Co-op’s 132 petrol stations and attached stores could…

Supreme plc, the Manchester fast-moving consumer products supplier, said it has entered into an agreement for the disposal of the intellectual property (IP) of T-Juice, including the…

Leeds-based piping and ventilation systems firm Genuit Group plc — formerly called Polypipe Group — said on Tuesday its revenue for the year ended December 31, 2022,…

Rotherham-based property and land regeneration firm Harworth Group reported that its statutory net asset value rose to £602.7 million in 2022 from £578 million in…

York-based house building giant Persimmon plc announced the appointment of outgoing Land Securities Group chief operating officer Colette O’Shea and serial technology entrepreneur Alexandra Depledge…

Manchester-based molecular diagnostics firm Yourgene Health plc published a stock exchange update to investors about “the implications of the Silicon Valley Bank (SVB) receivership.” Yourgene Health…

Private equity firm IK Partners announce that its IK Small Cap III Fund has agreed to acquire Chorley, Lancashire-based Ipsum Group Limited from Aliter Capital….