Northern Financial Review

Leeds-based sustainable developer Citu has announced a significant new partnership with The Urban Splash Residential Fund (USRF) and its Investment Adviser SURE Capital Partners, signing a…

The Sutton and Broadhurst families said they completed the sale of their interest in Widnes-based Suttons Tankers Holdings Limited and its trading subsidiary, Suttons Tankers…

Aon plc said it has agreed to acquire Liverpool-based insurance broker Griffiths & Armour. Griffiths & Armour will become wholly-owned by Aon UK Limited. “The combination…

Newcastle-based Accord Healthcare hosted UK Chancellor Rachel Reeves on Friday as she launched a new Life Sciences Innovative Manufacturing Fund (LSIMF) and announced the unlocking of a…

The universities of Durham, Newcastle, Northumbria, Sunderland and Teesside are to launch a fund to invest in their spinout companies. The universities have committed £12.5…

Harrogate-based IT firm Redcentric plc announced that John Radziwill has been appointed as non-executive director of the company as a representative of ND Capital Investments Limited,…

Skipton Building Society has named Hasintha Gunawickrema to its board as non-executive director, subject to regulatory approval. A former Barclays financial analyst, Gunawickrema worked at…

Manchester online fashion firm Boohoo Group has named insider Dan Finley as its new Chief Executive Officer with immediate effect, snubbing billionaire investor Mike Ashley…

Stevenage-based M Group Services said it completed the acquisition of Warrington-based BGEN Ltd, one of the UK’s largest independent technical engineering solutions businesses with a…

The Northern Powerhouse Investment Fund II (NPIF II) has completed its first investment in Tees Valley following the launch of the £660 million fund in…

Wakefield-based Team17 Group plc, a developer of video games and educational entertainment apps, has appointed Rashid Varachia to the Board as Chief Financial Officer, and…

Reinsberg Group, the MedTech holding of BHM Group, a Prague-based private equity family office, has acquired the majority stake in Brandon Medical, a Leeds-based company…

Leeds City Council announced that Ed Whiting is set to be appointed as its new permanent chief executive. “Following an extensive recruitment process which ended…

Oldham-based consumer goods firm Ultimate Products reported lower sales and profit for the year, but said it is seeing a revival of growth in international…

Gateshead-based Vertu Motors plc said it has bought Burrows Motor Company Limited to extend its sales network.  Vertu, which already has a network of 202…

James Cropper plc, the Kendal-based paper, packaging and materials company, has named David Stirling as its new CEO, taking over from Steve Adams early next…

Runcorn nano-material firm Nanoco Group plc announced the receipt of a notice from the Milkwood Fund, on behalf of 5.6% of the voting rights of the…

Assura plc, the Altrincham-based healthcare real estate investment trust, announced that it is in the process of applying for a secondary inward listing on the main board…

A new report from Manchester-based Co-op Group and cross-party think tank Demos has argued that the UK economy is missing out on £19 billion in…

Manchester online fashion firm Boohoo Group is resisting retail billionaire Mike Ashley’s call to appoint him CEO, saying his presence on the board could raise…

Liverpool-based online retail and financial services firm The Very Group, owned by the Barclay family, said its group revenue declined 1.% to £2.13 billion in…

Applied Nutrition’s shares opened as much as 7% above its initial public offering (IPO) price on Thursday, giving the supplements maker a valuation of £375 million…

Altrincham-based healthcare real estate investment trust Assura plc said it sold 12 assets for cash proceeds of £25 million, enabling it to make a partial…

Mike Ashley has put himself forward to be the next CEO of Boohoo Group plc, in order to solve what he called a “leadership crisis”…

Manchester-based PRS REIT plc, the closed-ended real estate investment trust that invests in new build, family homes in the private rented sector, has announced that it…

Mike Ashley’s Frasers Group has dropped its $111 million bid for Mulberry Group and is now pushing for a seat on the luxury handbag maker’s…

Investment firm Northern Gritstone has led a combined £3.5 million seed round investment into University of Leeds spin-out MicroLub with co-investors LIFTT and NPIF II…

Bilbao-based green energy giant Iberdrola said it has closed the acquisition of 88% of Warrington-based Electricity North West (ENW). Iberdrola said on August 2 it signed…

Hull-based agtech startup Gooddrop is looking to establish itself as a leading player in the vertical farming of cotton, starting with an initial £1 million…

Shares of The Revel Collective, formerly called Revolution Bars Group, fell about 15% after it published results for the 52 weeks ended June 29, 2024, showing…

York-based Aptamer Group plc, the developer of molecule binding techniques for use in medicine and cosmetics, reported lower sales for the year as it experienced…

Sosandar plc, the Wilmslow-based fashion firm run by former magazine publishers Ali Hall and Julie Lavington, said revenue for the full year would likely be…

Runcorn nano-material firm Nanoco Group plc has appointed Dmitry Shashkov as Chief Executive Officer with immediate effect. Shashkov succeeds Brian Tenner, who said in July…

York-based online musical equipment retailer Gear4music plc said sales dipped for the last six month period as it had some issues with a new AI-based…

The board of luxury handbag maker Mulberry Group has rejected the offer by Mike Ashley’s Frasers Group to buy out the whole company at a…

Manchester-based Bruntwood SciTech has welcomed Third Equation, a sustainable research and development company specialising in grid enhancing technology to enable a sustainable electricity grid, to its…

Whitbread, the parent company of the Premier Inn hotel chain, has acquired “a strategically located development site” in Leeds city centre. Whitbread has acquired the…

The University of Manchester said it teamed up with a new national research hub which aims to position the UK as a world leader in…

Newcastle University is to co-lead a new project that puts satellite data to work in social science and health research. Working with academics at the…

Wetherby-based life sciences company Avacta Therapeutics has announced a collaboration with tech company Tempus AI to use artificial intelligence to enhance its development of drugs…

Mike Ashley’s Frasers Group plc said it agreed to vote in favour of Joshua Alliance’s plan to buy Manchester fashion group N Brown, which Frasers…

The number of UK businesses facing “significant” financial distress rose sharply in the latest quarter, but some relief may be on the horizon, according to…

The CEO of Boohoo Group plc said he plans to step down as the Manchester-based online fashion firm launches a review of its options to…

Global digital business service provider Teleperformance has chosen Bruntwood SciTech’s contemporary workspace and leisure destination Bond in Manchester for its new UK headquarters. Bruntwood SciTech…

Shares of Chester-based GB Group (GBG), which sells global identity fraud and location software, rose as much as 13% after it reported “strong progress achieved…

Shares Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, fell about 3% after it published an update on the group’s business and trading…

Doncaster-based DFS Furniture plc announced that chief financial officer John Fallon has will not stand for re-election at the company’s AGM on November 22, 2024, and…

Manx Financial Group plc, the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdon, announced that…

A company controlled by Joshua Alliance has agreed to buy Manchester-based clothing and footwear digital retailer N Brown Group in a cash deal that values…

Salford-based investment platform giant AJ Bell reported strong growth in customers and assets under administration on Thursday to record highs.  The company said the number…

Germany’s Bechtle AG has acquired Warrington-based DriveWorks, for an undisclosed sum. The company, which has its headquarters in Thelwall, sells design automation and 3D sales…

Liverpool City Region Mayor Steve Rotheram is to lead a high-level mission to the United States aimed at driving tens of millions of pounds of…

Manchester City Council has named Tom Stannard as its new permanent chief executive, poaching neighbouring Salford’s leader. Stannard has been chief executive of Salford City…

Shares of Chester-based MONY Group plc, which runs the price comparison and consumer tip websites MoneySuperMarket and MoneySavingGroup, fell about 8% after it published a…

Mindtech Global, the Sheffield-based company that is developing synthetic data to train AI vision systems, has secured £4.4 million in a funding round led by…

Telecoms company Virgin Media O2 has agreed to let 45,700 sq ft of office space in Manchester from Sheffield-based developer Henry Boot and the Greater…

Gateshead-based Vertu Motors plc said has agreed a further £3 million share buyback programme, to be activated once its existing £0.6 million programme runs out. …

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, reported a dip in nine-month sales due to the slow homebuilding market, but said full-year…

Rochdale headquartered Astorium, a company in the R&D Sample Stability and Biorepository Storage industry, has acquired the biorepository business of Flagship Biosciences in North Carolina as it strategically…

The UK government has announced that one of the largest factories in the global offshore wind sector — the SeAH Wind UK facility near Redcar…

Sheffield-based British Business Bank, the UK’s economic development bank, announced it will create a new vehicle called the British Growth Partnership to “crowd-in UK pension fund…

Newcastle-based housebuilder Bellway plc reported lower revenue and profit for the year as it completed fewer homes for lower average selling prices as the UK…

Skelmersdale, Lancashire-based bathroom retailer Victorian Plumbing Group plc said it will shut down operations of loss-making Victoria Plum, the rival it bought five months ago,…

Wetherby-based life sciences company Avacta Group has appointed Michelle Morrow as Chief Scientific Officer with effect from 4 November. Morrow brings nearly 20 years’ experience…

Stockholm-based impact investment firm Summa Equity has announced an investment in Chester-based EA Technology, partnering with selling management and employee shareholders. EA is a solutions provider…

Leeds-based UK Infrastructure Bank (UKIB) said on Monday it is “becoming” the National Wealth Fund (NWF) as announced by UK Chancellor Rachel Reeves at the international…

Manchester Airports Group (MAG) has announced a record-breaking summer season for traffic and a major investment in one of the group’s airports. Rolling 12-month traffic…

Channel 4 unveiled plans on Monday to move 600 jobs to Manchester, Leeds, Bristol and Glasgow. The TV producer said all new jobs will be…

Melius Cyber — a Newcastle-based company whose platform helps businesses to detect cyber risks within hours — has raised a further £500,000 from the North East Venture…

Mulberry Group plc said it is working with advisers to consider a response to Frasers Group, which made a second offer to buy the handbag-maker…