Northern Financial Review

US stocks suffered their biggest one-day drop since 1987 on Monday as the Federal Reserve’s surprise move to cut interest rates to near zero increased…

Manchester Airports Group (MAG), the operator of Manchester, London Stansted and East Midlands airports, said on Thursday it will introduce enforced annual leave, reduced working…

French carmaker PSA — owner of Vauxhall — announced on Monday afternoon it will close plants all over Europe including its Ellesmere Port factory on…

Manchester-based waste and infrastructure business Peel Environmental – part of Peel L&P – said on Monday the UK needs to invest over £7.5 billion in…

Newcastle-based software giant Sage Group said this week it completed the disposal of Sage Pay to Elavon, a subsidiary of U.S. Bancorp, for £232 million…

Shares of Carlisle-based agriculture and engineering firm Carr’s Group fell about 30% on Thursday, March 12, after it said in a trading update it expects…

Macclesfield-based engineering and thermal processing giant Bodycote announced on March 12 a restructuring that will reduce its exposure to the internal combustion engine. The news came…

Bradford-based supermarket giant Morrisons said on Friday it will make immediate payments to its smaller suppliers to help them with cash flow during the ongoing coronavirus pandemic. “The…

Manchester-based investment platform AJ Bell gave a “market update” to its investors late on Wednesday, March 11, on the impact of the current market mayhem…

Manchester car dealership Lookers plc said on Thursday that its chief operating officer Cameron Wade “has resigned from the board and is leaving the company…

Manchester-based European debt management firm Arrow Global Group said on Thursday its 2019 profit before tax increased 28.3% to £51.3 million as it pivoted its…

Marshalls plc, the Elland, West Yorkshire-based natural stone and landscaping products firm, said on Thursday its 2019 profit before tax rose 11% to £69.9 million on…

Shares of Newcastle-headquartered international bus and rail giant Go-Ahead Group fell 33% on Thursday after it warned its “overall expectations for the full year have reduced…

Troubled shopping centre operator Intu Properties plc on Thursday flagged “a material uncertainty” about its ability to “continue as a going concern” as it reported…

UK finance minister Rishi Sunak on Wednesday unveiled his budget — a £30 billion stimulus package — and promised to do whatever it takes to…

Shares of Leeds-based Dart Group, owner of Jet2.com and Jet2holidays, recovered some lost ground on Wednesday after the firm said in a trading update that it…

Manchester-based Yourgene Health plc, an international molecular diagnostics firm, said on Tuesday it acquired Versailles-based AGX-DPNI S.A.S. for £2 million cash plus up to £1.4…

Manchester car dealership Lookers plc said late on Tuesday that it has decided to postpone the announcement of its annual results — which were due…

Bradford-based subprime lender Provident Financial said on Tuesday that Fitch Ratings has downgraded the group’s credit rating from BBB- with a negative outlook to BB+…

Shares of Huddersfield-based SimplyBiz, a provider of compliance and business services to financial advisers and institutions, rose 8% on Tuesday after it said its 2019…

China’s Jingye Group announced its has completed the acquisition of British Steel’s UK and Netherlands assets from the Official Receiver. Jingye has pledged to invest…

Wakefield-based video game developer Team17 Group said on Tuesday its 2019 revenue grew 43% to £61.8 million and profit before tax rose 121% to £19.2 million. Team17 Group’s shares…

Shares of Doncaster-based DFS Furniture fell 9% on Tuesday after it said first-half revenue for the 26 weeks ended December 29, 2019, fell 5.7% to £488…

NatWest on Monday pledged £5 billion of working capital support for small and medium size enterprises (SMEs) during the coronavirus outbreak. “As the impact of…

Global stock markets tumbled on Monday as investors fled to bonds amid the economic shock of the coronavirus, while oil prices plunged about 25% after…

Nissan on Friday unveiled a new £52 million XL press line in its Sunderland manufacturing plant as it ramps up preparations for the next generation…

The Investment Association (IA) — the powerful trade group for the UK fund management industry — on Thursday outlined its expectations of companies on issues including…

Manchester-based commercial property company Bruntwood said on Thursday it raised £90.87 million through the issue of its second retail eligible bond. “The bond, which was…

Shares of Carlisle-based aviation, energy and civil engineering group Stobart Group fell about 5% on Thursday after it said it will take a £50 million…

Shares of troubled shopping centre operator Intu Properties plc fell another 30% on Wednesday after it abandoned an equity raise of between £1 billion and…

Lancaster City Council and the Eden Project announced they have agreed a deal for the land on which Eden Project North in Morecambe is due…

Shareholders in troubled Scarborough-based Sirius Minerals have reluctantly voted for Anglo American’s takeover offer of the company. The vote on Tuesday paves the way for…

Montane, the Ashington-based mountain sports clothing and equipment company, said Edinburgh-based consumer brand investor Inverleith LLP has secured a majority stake in the company. Montane…

The Yorkshire County Cricket Club has reported record profits for the year 2019, helped by Headingley hosting the third Ashes Test Match, four ICC Cricket…

Shares of Manchester-based corporate rescue giant Begbies Traynor Group plc rose 9% on Tuesday after it released a trading update for its third quarter ended January 31,…

Newcastle-based bakery and “food-on-the-go” retail giant Greggs said on Tuesday its sales grew 13.5% to £1.167 billion in 2019 — but that February’s storms in the…

Newcastle-based software giant Sage Group said on Monday it agreed to sell its Brazilian business to local management, following an auction process. “This divestiture is part…

Shares of Runcorn-based workwear and linen rental company Johnson Service Group (JSG) rose 8% on Monday after it said its revenue for the year to December 31,…

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. The Interim Outlook…

Manchester-based online holiday retailer On the Beach Group plc warned on Friday its full year results for the year to September 30, 2020, will be below…

The FTSE 100 index in London fell 11.1% this week – wiping £210.3 billion off the value of its constituent companies’ shares and marking its…

Shares of Sheffield-based Benchmark Holdings, the aquaculture health, genetics and nutrition firm, fell 11% on Friday as it published results for the three months ended…

Shares of Renold plc, the Manchester-based industrial chain and power transmission firm, fell about 10% on Friday amid a trading update on the impact of the…

Bradford-based Yorkshire Building Society said on Thursday its 2019 core operating profit rose to £184.6m from £180.8 million in 2018 but pre-tax profit slipped to…

Barrow-in-Furness marine engineering services company James Fisher and Sons plc said on Thursday its revenue rose 10% to £617.1 million in the year to December…

Liverpool Football Club on Thursday announced annual financial accounts for the season in which the club won its sixth European Cup and invested a club record…

North Yorkshire-based power company Drax Group plc said on Thursday it will end commercial coal generation at Drax Power Station in 2021 — ahead of the…

Scandal-hit York house building giant Persimmon plc said on Thursday David Jenkinson “has informed the board of his wish to step down as group CEO” after…

Newcastle Building Society said its profit before tax rose 11% to £14.7 million for the year ended December 31, 2019, as its assets grew to exceed…

Skipton Building Society said its assets increased 9.9% to £25.5 billion in the year to December 31, 2019, but profit before tax fell to £153.2…

Leeds Building Society said its assets topped £20 billion for the first time in the year to December 31, 2019, but its profit before tax…

Danone and Harrogate Water announced they have entered into a share purchase agreement under which Danone will — through a UK subsidiary –acquire a majority…

Lloyds Banking Group (LBG) has informed its workforce across the UK that the equivalent of 780 full time staff will lose their jobs in the…

Virgin Money UK plc revealed on Wednesday that it will cut 500 jobs in the next stage of its integration programme to bring together the…

Merseyside-based Vimto and soft drinks firm Nichols plc said on Wednesday its profit before tax rose 2.1% to £32.4 million and revenue increased 3.5% to…

Walmart and its Leeds-based subsidiary Asda confirmed late on Wednesday they are in talks with possible buyers of a stake in Asda. The news followed a…

Shares of troubled shopping centre operator Intu Properties plc — which runs Manchester’s Trafford Centre and Arndale Centre, Newcastle’s Eldon Square and Gateshead’s Metrocentre —…

Shares of troubled Warrington-based Eddie Stobart Logistics plc fell about 90% when the stock resumed trading on Wednesday after a six-month suspension. The shares plummeted to…

The UK’s blue chip index of big company shares has lost nearly £100 billion in the last two days amid fears about the spread of coronavirus….

Snaith, East Yorkshire-based speciality chemicals giant Croda International said on Tuesday its reported sales slipped 0.7% to £1.37 billion and reported profit before tax fell…