Northern Financial Review

Canadian investment firm Ivanhoé Cambridge is expanding its UK logistics investments through the acquisitions of four development projects via its partnership with PLP. PLP is…

Chicago-based JBT Corporation, a technology provider to the food & beverage industry, said on Tuesday it signed a definitive agreement to acquire Proseal UK Limited, a…

Thirsk, North Yorkshire-based steel group Severfield said on Thursday its order book rose to £274 million as at April 1, 2019, helped by the first orders from…

UPDATE 3 — The UK’s Competition and Markets Authority (CMA) has blocked Sainsbury’s £7.3 billion takeover of Walmart’s Leeds-based subsidiary Asda after finding it would…

The Guinness Partnership has completed the acquisition of a 928-home site – the biggest in the housing association’s 129 year history – with full planning…

Shares of Manchester-based online fashion giant Boohoo.com plc rose about 10% on Wednesday after it said its revenue soared 48% to £856.9 million and adjusted profit…

Universities Superannuation Scheme Ltd (USSL), one of Britain’s biggest pension funds, on Wednesday announced a cash offer to acquire Hull-based IT and communications company KCOM Group…

North West of England listed businesses completed 17 cross-border transactions in the first quarter of 2019 – just one fewer than that seen in the…

Shares of Chester-based price comparison website Moneysupermarket.com rose almost 5% on Thursday after it said first-quarter revenue rose 19% to £104.9 million and that it remains…

Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, said on Wednesday it expects group profit before foreign exchange revaluation and taxation to be slightly ahead…

Shares of Wakefield-based greeting cards retailer Card Factory rose about 10% on Tuesday after it said its revenue grew 3.3% to £436 million in the year ended January…

Shares of Bury-based JD Sports Fashion Plc rose about 7% on Tuesday after it said its revenue soared 49.2% to £4.7 billion profit and before…

Shares of Carlisle-based agriculture and engineering firm Carr’s Group fell about 9% on Monday after it said its revenue rose 3% to £206.2 million in…

Wakefield-based fashion firm Bonmarché has rebuffed a cut-price £5.7 million takeover offer from Dubai-based retail entrepreneur Philip Day, saying it “materially undervalues” the company. Day, who…

Manchester-based developer Nikal and Liverpool’s Addy Consultancy have bought a one-acre site in the King’s Dock area of Liverpool to deliver a £100 million mixed-use,…

Blackburn-based petrol station and convenience store giant EG Group announce a further expansion in the United States with an agreement to acquire a portfolio of 54 Fastrac…

Thousands of new jobs and homes could be created in Warrington after the UK Transport Secretary approved £142.5 million for a new Western Link. The…

Lenders in Debenhams took control of the struggling retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley who failed…

Sports Direct boss Mike Ashley on Monday offered to underwrite a £150 million rights issue by Debenhams in exchange for the CEO role and a…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said it has entered into a strategic partnership with Skipton Building Society to provide portfolio products for customers…

Manchester-based Co-op Group said on Friday its 2018 revenue grew 14% to £10.2 billion, driven by its acquisition of Nisa and a strong performance from its…

The North of England exported £11.1 billion of financial and related professional services in 2017, according to the most recent estimates of trade body TheCityUK….

Shares of Bolton-based online electrical retailer AO World fell 6% on Thursday after it said its revenue is expected to rise around 13% to £900 million…

London-based housing association L&Q, formerly known as London & Quadrant, said it is in talks to merge with Trafford Housing Trust (THT) in Greater Manchester….

Dubai-based retail entrepreneur Philip Day has bought 52.4% of the shares in Wakefield-based fashion firm Bonmarché from a subsidiary of private equity group Sun Capital at…

Hyde, Greater Manchester-based online retail and education business Findel said on Monday it received a letter of support from its second-largest shareholder Schroders Investment Management…

Manchester Science Partnerships (MSP) has hailed a “year of strong progress” with levels of investment and growth reflecting strong demand from new and existing customers….

Darlington-based commercial vehicle hire company Northgate Plc said on Thursday that its non-executive chairman Andrew Page — currently under attack from activist shareholder Crystal Amber…

Manchester-based invoice finance firm Secure Trust Bank Commercial Finance said on Thursday it has increased its lending balances by 54% with £194.7 million invested in…

UPDATE 2 — Warrington-based Eddie Stobart Logistics plc said on Thursday new contract wins helped its revenue grow 35% to £843.1 million in the year ended…

CYBG plc, owner of Clydesdale and Yorkshire Bank, said it lent more than £2 billion to small and medium sized businesses (SMEs) in 2018. This…

Newcastle-based house building giant Bellway said on Wednesday its revenue rose 12.4% to £1.49 billion in the 26 weeks to January 31 and profit before…

The UK’s Groceries Code Adjudicator (GCA) Christine Tacon has ordered the Manchester-based Co-op Group to introduce major changes to its governance, systems and processes after…

Welcome to Yorkshire announced on Friday that its chief executive Gary Verity has resigned “on health grounds” with immediate effect following an investigation into “his…

Sheffield-based construction group Henry Boot plc said on Friday its 2018 revenue slipped 3% to £397.1 million and profit before tax fell 12% to £48.6 million in…

Investment in North of England tech companies has reached a 10-year high as investors worldwide target the region’s fast-growing digital sector, according to research by…

Assets worth around £1 trillion are moving from London to hubs in the European Union ahead of Brexit, with the number of jobs that could…

Huddersfield-based SimplyBiz, a provider of compliance services to financial advisers, said it conditionally agreed to acquire fintech firm Defaqto for £74.3 million. SimplyBiz said Defaqto…

Doncaster-based plastic piping and ventilation systems firm Polypipe Group plc said on Tuesday its 2018 revenue rose 5.2% to £433.2 million and underlying pre-tax profit rose 2.1%…

Shares of Wakefield-based Bonmarché, the fashion retailer aimed at women over 50, fell another 20% on Tuesday after it warned of a bigger full-year loss…

Walmart’s Leeds-based subsidiary Asda and Sainsbury’s on Tuesday committed to deliver £1 billion of annual price cuts as they attempt to salvage their proposed merger….

Bury-based JD Sports Fashion Plc said on Monday it agreed to acquire Rochdale-based Footasylum Plc in a deal valued at up to £90.1 million. That…

The economies of the Borderlands area of the North of England and South of Scotland are to benefit from up to £447 million of investment….

Doncaster-based DFS Furniture said on Thursday said its revenue rose 29.1% to £422.3 million and profit before tax more than doubled to £14.1 million in the 22…

Manchester-based car dealership Lookers plc said on Wednesday its 2018 turnover increased 3.9% to £4.88 billion thanks to growth in its used cars and after…

Embattled Bradford-based subprime lender Provident Financial, which has rejected an unsolicited £1.3 billion all-share offer from smaller rival Non-Standard Finance plc (NSF), on Wednesday reported…

Bradford-based supermarket group Morrisons said on Wednesday its revenue rose 2.7% to £17.7 billion and profit before tax and exceptionals was up 8.6% to £406 million in the…

Nissan Motor Co’s premium brand Infiniti said on Tuesday it will discontinue the Q30 sedan and the QX30 sport-utility vehicle (SUV) and cease their production…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Friday it won a four-year contract worth up to £62 million with public…

Sports Direct said late on Thursday it has requisitioned a general meeting of Debenhams plc to appoint its CEO Mike Ashley to an executive role…

UPDATE 2 — Greggs, the Newcastle-based bakery and “food-on-the-go” retailer, said its sales rose 7.2% to a record £1.029 billion in 2018. Pre-tax profit excluding exceptional…

The Port of Tyne said it secured a £60 million refinancing package from Lloyds Bank Commercial Banking to support its investment programme. The five-year agreement,…

Deloitte said it has appointed Manchester-based Sharon Thorne as the designated incoming chair of the Deloitte global board of directors. Effective June 2019, Thorne will…

Mike Ashley’s Sports Direct International Plc said on Monday it will offer to buy Hyde, Greater Manchester-based Findel plc in a deal that values the online…

Shares of Manchester-based Revolution Bars Group plc fell more than 20% on Friday after it published disappointing results for the 26 weeks to December 29,…

Bradford-based Yorkshire Building Society said on Thursday its 2018 pre-tax profit rose 16% to £192.5 million as its gross mortgage lending increased 10% to a record…

Leeds Building Society said on Wednesday its mortgage balances increased 6% to £15.8 billion in 2018, with total assets rising 5% to £19.4 billion. Profit…

Newcastle Building Society said on Wednesday that “despite a very competitive mortgage market and weak mortgage market growth” its gross residential mortgage lending was maintained…

Skipton, the UK’s fourth largest building society, said on Wednesday its 2018 underlying profit before tax rose 12.3% to £186.1 million. Skipton increased its membership…

Shares of Merseyside-based Vimto and soft drinks firm Nichols plc rose 3% on Wednesday after it said 2018 revenue rose 7% to £142 million and…