Northern Financial Review

Runcorn nano-material firm Nanoco Group plc has put its trading business and intellectual property up for sale after the loss of a major customer prompted…

Harrogate-based equipment rental group Vp plc said it expected to report a drop in profit for the year, as end markets remain slow, and announced…

SIG plc, the Sheffield-based international building materials supplier, said its group like for like (LFL) revenue performance saw a sequential improvement in the three months…

Bury-based FTSE 100 retailer JD Sports Fashion plc reported higher sales and adjusted profit for the latest six-month period, helped by a surging US sports…

Bolton-based electrical retailer AO World plc has agreed to buy Stockport second-hand media seller musicMagpie for about  £10 million in cash.  “With complementary business models…

Inteb, a Merseyside-based energy and sustainability consultancy whose clients include large corporates and real estate companies across the UK, has undergone a seven-figure management buyout…

Leeds-based engineering services group Renew Holdings plc said it would report better-than-expected results for the financial year just ended.  The company, which provides maintenance and…

James Halstead plc, the Bury-based commercial flooring manufacturer, has named Finance Director Gordon Oliver as its new chief executive as the company reported a dip…

Newcastle-based bakery giant Greggs plc said sales rose more than 10% in the latest three-month period and it affirmed previous guidance for the full year. …

Mulberry Group plc has rejected an £83 million buyout bid from Mike Ashley’s Frasers Group.  The luxury handbag and accessories maker said it would continue…

Knowsley-based Applied Nutrition Limited, which makes drinks and supplements for gym-goers, said it is considering an initial public offering on the main market of the…

Mike Ashley’s Frasers Group plc has made an offer for the 63% of Mulberry Group that it does not already own, valuing the luxury handbag…

Surface Transforms, the Knowsley-based maker of disc brakes for supercars, ratcheted down expectations for the rest of the year as it continues to struggle with…

Wetherby-based life sciences company Avacta Group said it would divest its diagnostics division and is looking at a dual listing on NASDAQ to maximize value…

A new £1.7 billion “innovation district” called Sister has opened the doors of its first building in Manchester. The project, a joint venture between the…

Britons took more than £52 billion out of their pension pots in the latest tax year, up 21% from the year before, according to the…

Bruntwood SciTech has opened a base in Leeds city centre called West Village after a £20 million redevelopment. The UK’s largest property developer focusing on…

The UK’s Ministry of Defence (MoD) said it has acquired a semiconductor factory in Newton Aycliffe, County Durham, “boosting UK defence capabilities.” UK Defence Secretary…

Berwick-upon-Tweed independent maltster Simpsons Malt has published its financial accounts for 2023, posting a profit before tax of £15.2 million from a record turnover of £301.3…

Hull-based meat processing giant Cranswick plc said it now expects full-year results to be at the top end of analyst forecasts, after a stronger-than-expected growth…

Hull-based engineering business C Spencer Ltd said revenue and profit rose for the full year, as the construction market starts to recover. The company, which…

Bradford-based supermarket giant Morrisons said it will raise about £331 million with the sale and lease back of 76 of its supermarkets.  Under the ground…

UK Prime Minister Keir Starmer said US investment giant Blackstone has confirmed a £10 billion investment at Blyth in the North East of England to create one…

Jaguar Land Rover (JLR) has announced a £500 million investment to transform its historic Halewood facility on Merseyside “to support the parallel production of electric…

Liverpool John Lennon Airport has reported a 15% increase in passenger numbers in its latest financial year. The airport said it welcomed 4.3 million customers…

Cheshire-based NWF Group plc, which delivers fuel, food and agricultural feeds across the UK, said first-quarter results were in line with expectations and that its…

North Shields-based “delivered wholesale” business Kitwave Group plc has agreed to acquire Creed Catering Supplies Limited, a food wholesaler in the South of England with a range of…

Newcastle International Airport has announced its “best ever” financial results with the submission of its 2023 annual accounts. Total revenues for the airport in the…

The Co-op Group has reported that its “leakage costs” for theft and fraud were up 19% at £39.5 million in the first half of 2024….

Manchester-based mutual Co-operative Group Limited said its revenue rose 1.5% to £5.6 billion in the first half of 20204 as it reported an interim profit of…

Manchester-based holiday retailer On the Beach Group plc said preliminary adjusted profit before tax for the year was in line with market expectations of £31…

Doncaster-based DFS Furniture plc reported a sharp drop in sales and profit for the year, but said it expected a gradual market recovery to put…

Harrogate-based IT firm Redcentric plc said that Chairman Nick Bate plans to step down immediately following the company’s annual general meeting on 26 September. The…

York-based Animalcare Group plc, the international animal health business, said its revenues from continuing operations rose 5% to £36.9 million in the six months to…

Merseyside Pension Fund has appointed investment adviser Schroders Solutions to implement an equity protection strategy for £3.8 billion in assets.  Schroders Solutions, part of asset…

Manchester-based HSS Hire Group plc removed financial guidance as it moves ahead with its strategy to separate its two main businesses. Its shares fell 2.5%…

Wakefield-based greeting card and gift retailer Card Factory reported higher sales in the first half of the year and said it saw second half performance…

Manchester Airports Group (MAG) CEO Ken O’Toole has called on the government to include aviation in its new industrial strategy and to treat the sector…

Whitbread plc, the parent company of Premier Inn, and Mix Manchester have announced plans to develop the largest Premier Inn in the north of England…

The UK’s Crown Estate has announced the acquisition of The Dissington Estate in Northumberland. Dissington had been on the market with a guide price of…

Kroll, the New York-based financial and risk advisory firm, has named David Riley as managing director in the restructuring practice at its Manchester office. Riley…

South Yorkshire’s Mayor Oliver Coppard welcomed the news that South Yorkshire is set to become the location of US nuclear energy company Holtec’s planned new…

Peratech said it has secured $31.5 million in its second major funding round on the confidence of the commercial traction of its user interface improvements to…

Manchester-based private equity firm Palatine said it has made a “significant” investment in global digital transformation services provider Bluprintx. Headquartered in Liverpool and with operations…

German gaming and pop culture firm Saga Alliance has acquired Heathside Trading, a Blackburn-based distributor and manufacturer of toys and collectibles with operations in the…

Leeds City Council has published an update on its five-year medium term financial strategy, outlining the “severe difficulties” it faces to deliver balanced budgets in…

Wilmslow-based fashion firm Sosandar plc — run by former magazine publishers Ali Hall and Julie Lavington — announced that it has launched in-store with Arnotts, the oldest…

Barrow-in-Furness marine engineering firm James Fisher and Sons plc said it has secured new bank facilities of £95 million, comprising a £75 million Revolving Credit Facility…

Supreme plc, the Manchester-based supplier of vaping and fast-moving consumer goods, said results for the first half of the year put it on track to…

Mersey Tidal Power, the world’s largest tidal power scheme, has entered the formal planning process and will soon start the first public consultation phase. The…

University of Liverpool AI diagnostic technology spin-out AI-Sight said it concluded a seven-figure equity funding round from healthcare industry figures and investors. The funders include…

Associated British Ports (ABP) has unveiled its ambitious plans for the Port of Barrow, which it said is designed to drive growth and strengthen the…

Leeds-based Asda announced that Mohsin Issa is stepping back from his executive leadership role at the supermarket giant to focus on his previously announced role…

Merseyside Pension Fund (MPF) has completed a £200 million bulk purchase annuity scheme with insurer Aviva, involving the benefits of about 2,500 pension fund members…

Manchester consumer products company PZ Cussons plc reported lower full-year revenue and profit, hurt by the devaluation of the currency in Nigeria, where it has…

LBG Media plc, the Manchester-based online publisher of LADbible and other brands appealing to young readers, reported higher half-year revenue and profit, boosted by the…

Sheffield-based affordable house builder MJ Gleeson plc reported higher revenue for the year but lower profit as average home prices dipped. The company said it…

Wealth manager Skerritts announced it has received regulatory approval for the acquisition of Harrogate-based Ellis Bates Financial Advisers. The transaction will complete on September 30,…

Bury-based FTSE 100 retailer JD Sports Fashion plc on Tuesday announced a number of board changes. The firm said Suzi Williams, non-executive director and chair…

Begbies Traynor Group plc, the Manchester-based business recovery and financial advisory firm, said it expected to hit market expectations for the full year, ahead of…

Sheffield-based builder and developer Henry Boot said revenue and profit fell in the first half of the year, but said full-year results would be in…

Wakefield-based Team17 Group plc, a developer of video games and educational entertainment apps, said its revenue rose 11% to a record £80.6 million in the six…

Manchester-based household products firm McBride said its revenue rose 5.2% to £934.8 million in the year to June 30, 2024, and it made an adjusted…

Manchester-based online retailer THG forecast full-year profit towards the lower end of analyst estimates, hurt by the sagging Japanese yen, and said it was pushing…

Sheffield-based builder and developer Henry Boot said its Hallam Land business has completed the sale of 491 residential plots at Pickford Gate, Coventry to the…

Liverpool-based supercar brake disc maker Surface Transforms said it appointed Andrew Kitchingman as non-executive chair with immediate effect, as David Bundred steps down from the…

Bury-based FTSE 100 retailer JD Sports Fashion plc announced that US retail expert Prama Bhatt will join its board as a non-executive director, with effect from…

Manchester-based PRS REIT plc said non-executive chairman Stephen Smith will resign at the next annual general meeting and two rebel shareholders — Robert Naylor and…

CBRE said its lending team has made a £54 million whole loan on behalf of South Yorkshire Pension Fund (SYPF) for Panattoni Park Central A1(M), by…

MEPC, the specialist asset management and development arm of Federated Hermes, has announced the letting of its pioneering office building 4 Angel Square at NOMA,…