Northern Financial Review

Shares of Manchester-based novel nanomaterials firm Nanoco Group plc rose about 40% on Friday after it announced that “a term sheet for a no fault…

Northern Gritstone, the investment business dedicated to supporting university spin-outs and start-ups in the north of England, said it has appointed Andy Naylor as an…

Newcastle-based Greggs said its 2022 sales rose 23% to £1.513 billion and its like-for-like (LFL) sales in the fourth quarter rose 18.2%. “Seasonal lines were in high…

Liverpool-based FTSE 100 firm B&M European Value Retail S.A. on Thursday upgraded its full-year profit forecast after a strong third quarter and said it will pay…

Carlisle-based agriculture and engineering firm Carr’s Group confirmed on Wednesday that its shares will be temporarily suspended with effect from 7.30am on January 4, 2023, amid…

Legal & General Capital announced that it committed around £5 billion towards “levelling up” the UK’s towns and cities across 2022, driving regional economic growth,…

York-based life sciences firm Aptamer Group plc on Tuesday warned it may miss its full-year revenue target, as headwinds continued into the new financial year….

Shares of Skelmersdale, Lancashire-based bathroom retailer Victorian Plumbing Group rose about 5% on Tuesday after it announced it signed a 20-year lease for a new 544,000…

London-based investment firm RDCP Group has acquired Chorley, Lancashire-based Pexion Group, one of the UK’s largest precision engineering groups, at a £34 million valuation. The…

Sheffield-based affordable house builder MJ Gleeson plc confirmed on Tuesday that its new chairman and chief executive officer have started in their roles. James Thomson succeeded Dermot…

One of the first big corporate statements of 2023 will come from Newcastle-based Greggs on Thursday, January 5, when the firm publishes a fourth quarter…

James Fisher and Sons plc, the Barrow-in-Furness international marine engineering company, said it agreed to sell the Subtech Swordfish Dive Support Vessel to Seamec Limited, a…

By Mark McSherry More than 56,000 jobs were created, almost £6 billion of investment generated, and almost £12 billion turnover achieved in 2020-21 by spin-out…

Chesire-based NWF Group plc, the business that delivers fuel, food and agricultural feeds across the UK, on Thursday published a strong trading update for the six…

The UK’s accounting watchdog the Financial Reporting Council (FRC) said it fined Deloitte LLP more than £900,000 over its audits of SIG plc, the Sheffield-based international…

Shares of Manchester-based molecular diagnostics firm Yourgene Health plc fell about 14% on Wednesday as the firm reported that its interim loss widened amid anticipation that…

Wilmslow-based pet and vet retailer Pets at Home Group has announced a number of board changes, including the appointment of former Asda CEO Roger Burnley…

Shares of Burnley-based Velocity Composites plc soared as much as 70% on Tuesday after it announced the signing of a five-year Work Package Agreement (WPA) with…

NCC Group, the Manchester-based global cyber security firm, announced it agreed a new four-year £162.5 million multi-currency revolving credit facility maturing December 2026. The facility “together…

Shares of LBG Media plc soared as much as 15% on Monday after the company reported “a robust performance in the second half of the…

Altrincham-based car dealership Lookers plc announced that chairman Ian Bull has notified the board that he will step down for personal reasons with effect from…

James Fisher and Sons plc, the Barrow-in-Furness international marine engineering company, announced the sale of three businesses in two separate transactions. It said Mimic and the…

Bury-based FTSE 100 retailer JD Sports Fashion plc announced it is simplifying its branded fashion offer through the divestment of 15 UK non-core fashion businesses to Frasers…

Shares of Alderley Park-based Redx Pharma rose as much as 8% after it announced it entered into a clinical trial collaboration and supply agreement with MSD…

Halifax said on Friday it expects UK house prices to fall next year by around 8% as rising interest rates push up mortgage costs and…

Cheadle, Chesire-based Together Financial Services Limited, a non-bank relationship lender, announced the launch of its new £467.4 million, Fairway Asset Backed Securitisation 1 Limited (FABS) facility….

Private-equity firm Sun European Partners has agreed a deal to buy Bolton-based K3 Capital Group that values the SME advisory services firm at about £271 million,…

The UK central bank, the Bank of England, raised its key interest rate to 3.5% from 3% on Thursday, its ninth rate rise in a row….

Manchester-based drug discovery company C4X Discovery Holdings plc on Thursday said its annual loss widened, but it remains positive in its outlook, citing a partner programme…

Carlisle-based agriculture and engineering firm Carr’s Group on Thursday announced the appointment of David White to its board as chief financial officer designate.   White will…

Leeds-based property investor and car park operator Town Centre Securities (TCS) on Thursday said it will promote development director Craig Burrow to the role of…

North Yorkshire power generator Drax Group said it is considering more global opportunities for deployment of its operations in BECCS — bioenergy with carbon capture and…

Bradford-based window and door company Safestyle UK announced that its chief executive officer Mike Gallacher has stepped down from the board and will leave the…

Almost one in five (19%) investors on the AJ Bell platform plan to use money from their ISA, pension or investment account to help family…

Soft drinks giant Britvic announced that it has appointed former Greggs chair Ian Durant as an independent non-executive director and chair designate, with the appointment…

UK inflation fell more sharply than expected in November after hitting a 41-year high high in October. The annual rate of consumer price inflation (CPI)…

Northcoders announced that its Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group, to run a…

Begbies Traynor Group on Tuesday said its half-year profit soared as revenue also grew by double digits in both of its divisions, while it declared…

Manchester-based Co-operative Bank announced on Tuesday the completion of a “buy-in” transaction of the segregated section of the Co-operative Pension Scheme (Pace) sponsored by the…

Sosandar plc, the Wilmslow-based fashion firm run by former magazine publishers Alison Hall and Julie Lavington, said its revenue increased 72% to £21 million in…

Wain Estates has submitted plans for a new industrial and logistics hub called The Junction to provide 1 million sq. ft. (95,000sq m) of employment space…

Financial planning firm Benchmark Capital, part of Schroders Group, said it agreed to acquire a 51% shareholding in Harrogate-based Oculus Wealth Management, subject to FCA…

Microsoft is to take a 4% equity stake in London Stock Exchange Group (LSEG) as part of a 10-year commercial deal to migrate the exchange operator’s data…

South Yorkshire Pensions Authority (SYPA) said it invested £80 million via local development loans into the local economy in 2022 “as part of the organisation’s…

Bradford-based supermarket giant Morrisons said it completed a £220 million sale and leaseback transaction with asset manager ICG. The transaction involves seven logistics properties around the…

Manchester United has raised its fiscal 2023 total revenue guidance on the back of strong matchday revenue. The club said it expects total revenue in…

Manchester-headquartered international law firm DWF Group plc said its profit increased in the first half of its financial year, with revenue growth in both Legal…

Salford-based fashion firm In The Style announced it will conduct a strategic review of the group’s business as a whole and has appointed investment bank Lincoln…

Harrogate-based IT firm Redcentric plc on Thursday said its pretax profit increased in the first half of its financial year, helped by increased sales from…

Gateshead-based Vertu Motors plc on Thursday announced it has acquired Cornwall-based Helston Garages Group Ltd – a predominantly premium manufacturer automotive retail group. The deal adds Volvo and…

Manchester-based online holiday retailer On the Beach Group plc (OTB) announced that founder and CEO Simon Cooper will step down from his role within the next 12…

The UK government on Wednesday approved its first new deep coal mine in decades — The Woodhouse Colliery in Cumbria — to produce coking coal…

Shares of Stockport-based musicMagpie — which allows consumers to buy, rent and sell refurbished consumer technology — fell about 12% on Wednesday after the firm…

Manchester Airports Group (MAG) has reported an operating profit of £22.8 million for the six months to September 30, 2022, compared with losses of £75.7…

Doncaster-based Clean Power Hydrogen plc (CPH2) has announced changes to its executive team. CPH2, a green hydrogen technology and manufacturing company that has developed the…

Blackpool-based polymer company Victrex said on Tuesday its profit before tax and exceptional items increased in its recent financial year as the company achieved “record”…

Knaresborough, North Yorkshire-based modular housebuilder ilke Homes said it raised £100 million from new and existing shareholders following successive years of triple-digit growth. It said the…

Leeds-based supermarket giant Asda announced a plan to create 10,000 new convenience store jobs over the next four years as it accelerates the rollout of…

Skelmersdale, Lancashire-based bathroom retailer Victorian Plumbing Group said on Tuesday it reported full year results “ahead of expectations, with H2 revenue growth as the group…

Leeds Building Society said on Tuesday that Lynn McManus, non-executive director and chair of its remuneration committee, will leave the UK’s fifth-largest mutual in the…

A.G. Barr, the maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, announced the acquisition of Leeds-based Boost Drinks, an established branded drinks business, for…

Salboy, the property development and funding company, has acquired the 52,700 sq ft former site of the Boddingtons Brewery on the northern edge of central…

Sunderland-based furniture and floorings company ScS Group announced that Chris Muir will step down as chief financial officer. ScS said the process to identify a successor…

Leeds-based Jet2 said on Thursday said that executive chairman Phillip Meeson sold about £19.9 million worth of shares on Wednesday and Thursday this week, but “does…

ITM Power, the Sheffield-based green hydrogen and energy storage firm, announced the resignation of Graham Cooley as CEO with immediate effect. “The company and Graham are in…

Ford announced it has invested a further £125 million in its Halewood Plant on Merseyside, increasing capacity by 70%. Ford said the move builds on…

Salford-based investment giant AJ Bell said on Thursday its revenue rose 12% to £163.8 million and profit before tax was up 6% to £58.4 million in…

Benchmark Holdings, the Sheffield-based aquaculture genetics, health and nutrition company, on Wednesday announced that its loss for the year ended September 30 more than doubled to…

Essar Oil UK Limited has announced a plan to build a £360 million new carbon capture plant at its Stanlow refinery near the River Mersey…

Carlisle-based agriculture and engineering firm Carr’s Group announced the appointment of Tim Jones as non-executive chair designate with effect from February 1, 2023.  Subject to election…