Revolution Bars revenue up 10.6% to £73.7m
Manchester-based Revolution Bars Group plc said its revenue for the 26 weeks to December 30, 2017, rose 10.6% to £73.7 million. Revolution said four new venues…
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Provident Financial warns of £120m loss; shares fall
Shares of troubled Bradford-based subprime lender Provident Financial fell 13% on Tuesday after it said its consumer credit division (CCD) is expected to report a pre-exceptional…
Card Factory shares fall 17% on lower forecast
Shares of Wakefield-based greeting cards retailer Card Factory fell about 17% after it predicted lower core earnings for the current year. Card Factory said said it now…
Revenue up 16.6% at Bolton’s AO World
Bolton-based European online electrical retailer AO World said its group revenue was up 16.6% for the three months to December 31, 2017, year on year. In a trading update for…
Pay row Persimmon says revenue up 9% to £3.4bn
York-based house builder Persimmon plc said 2017 revenues rose 9% to £3.42 billion and its average selling price increased by 3% to £213,300. “We anticipate…
Nisa Xmas period sales up 18% to £277m
Scunthorpe-based Nisa Retail, currently being acquired by Manchester-based Co-op Group, said its sales rose 17.7% to £277 million over the Christmas period — the 10 weeks…
£160m investment to open 100 new Co-op stores
The Co-op has announced plans to open 100 new food stores across the UK in 2018, creating 1,600 jobs. The Manchester-based community retailer will invest…
Work starts on TransPennine bullet trains
Hitachi Rail Europe said production has started on new intercity trains for northern England, Scotland and the TransPennine Express. It said 19 new five-carriage trains harnessing Japanese…
Yemen conflict hits sales at Vimto firm Nichols
Shares of Merseyside-based Vimto and soft drinks firm Nichols plc see-sawed after it said the recent escalation of hostilities in Yemen resulted in its supply route…
£145m IPO for Sheffield video game giant Sumo
Sheffield-based video gaming giant Sumo Group plc announced the successful pricing of its initial public offering, with a placing 38,445,869 ordinary shares at 100p per…
On the Beach shares up 9% as revenue, profit rise
Shares of Stockport-based beach holiday online retailer On the Beach Group plc rose 9% after it said its revenue increased 17.2% to £83.6 million and adjusted profit before…
Co-op to supply Costcutter following P&H collapse
The Co-op and Costcutter Supermarkets Group (CSG) confirmed an agreement that will see Co-op become exclusive wholesale supplier to CSG and the 2,200 Costcutter, Mace,…
KCOM confident despite fall in H1 revenue, profit
Hull-based communications firm KCOM said its group revenue fell 8.5% to £151.3 million driven by expected decline in legacy activities within National Network Services and profit…
Pets At Home shares fall as CEO, KKR director leave
Shares of Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, fell more than 10% after it said CEO Ian Kellett will…
Investors mull £224m offer for Sheffield’s Servelec
Sheffield-based software and hardware firm Servelec said late on Thursday a £224 million cash takeover offer from Montagu Private Equity for Servelec had so far received support…
Sports Direct calls vote on £11m for Ashley’s brother
Mike Ashley’s Sports Direct International has called a general meeting for shareholders to vote on whether Ashley’s brother John should be paid £11 million by…
Sage profit up 10% to £475m; revenue up to £1.7bn
Newcastle-based software giant Sage Group, the UK’s largest tech company, said its “organic” operating profit rose 10.3% to £475 million as “organic” revenue rose 6.6% to £1.69…
Revenue up to £561m at Leeds’ Renew Holdings
Leeds-based engineering services group Renew Holdings said revenue rose 6.7% to £560.8 million and adjusted profit before tax rose 13.1% to £25.2 million in the…
Severfield shares up 11% as H1 revenue hits £137m
Shares of Thirsk, North Yorkshire-based steel group Severfield rose 11% after it said its revenue rose 16% to £137.1 million and underlying profit before tax soared 59%…
AO revenue £368m, but investment leads to loss
Bolton-based online electrical retailer AO World said its revenue rose 13.3% to £368 million in the six months ended September 30, 2017. However, group operating loss was £12 million compared…
Virgin Money aims for £10bn SME, digital deposits
Edinburgh and Newcastle-based Virgin Money said it will enter the banking market for small and medium-sized enterprises (SMEs) starting with a deposit account in January 2018…
CMA provisionally clears £3.7bn Tesco-Booker deal
The Competition and Markets Authority has provisionally concluded that Tesco’s £3.7 billion purchase of Booker does not raise competition concerns. This is a provisional decision and…
Manchester’s Lookers defies car market slowdown
Manchester-based Lookers plc, the UK’s biggest car dealership, said in a trading update that its turnover of new cars increased 10% in the nine months to September…
Persimmon shares hit amid planning consent woes
Shares of York-based house builder Persimmon fell almost 4% after it said in a third quarter trading statement that achieving detailed planning consent for new developments…
LA firm LGP buys Leeds’ Pure Gym in £600m deal
Los Angeles-based private equity firm Leonard Green & Partners (LGP) said it will buy a controlling interest in Leeds-based Pure Gym Ltd, the UK’s largest gym…
Virgin Money set for all-female leadership team
Edinburgh and Newcastle-based Virgin Money is set to be the only company in the FTSE 350 with an all-female leadership after the bank confirmed it…
Market value of North West firms up to £45.6bn
The third quarter of 2017 has seen listed companies in the North West of England add almost £2 billion to their total stock market values,…
Drax contributes £1.7bn to GDP, supports 18k jobs
North Yorkshire-based power company Drax Group said it contributed almost £1.7 billion towards UK GDP in 2016 and supported more than 18,500 jobs across the country. Drax…
Simply Be helps N Brown H1 revenue rise to £453m
Manchester-based fashion retailer N Brown Group said its revenue rose 5.6% to £453.4 million in the 26 weeks to September 2, with adjusted trading profit before tax…
DFS Furniture profit falls 22.3% to £50.1m
Shares of Doncaster-based DFS Furniture fell 4% after it said its profit before tax fell 22.3% to £50.1 million in the year to July 29 and…
Boohoo revenue up 106% to £263m, but shares fall
Shares of Manchester-based online fashion giant Boohoo.com fell 9% amid concerns over margin pressures despite the retailer reporting that revenue rose 106% and profit jumped…
Card Factory shares fall 18% as profits plummet
Shares of Wakefield-based Card Factory fell about 18% after it said profit before tax fell 14.1% to £23.2 million despite revenue rising 6.1% to £179.6 million in…
Caddick plans £300m ‘SOYO’ Leeds cultural hub
Caddick Developments, part of the Wetherby-based construction firm Caddick Group, said it plans to transform the six acre Quarry Hill area of Leeds into a…
Drax CFO Gardiner succeeds Thompson as CEO
Selby, North Yorkshire-based power company Drax Group said its chief financial officer Will Gardiner will succeed Dorothy Thompson as CEO from January 1, 2018 — just as…
£900m deals for Leeds law firm Walker Morris
Leeds-based law firm Walker Morris said its corporate group has completed 17 deals with a total deal value of more than £900 million since May….
Co-op Bank CFO leaves after restructuring
Manchester-based Co-operative Bank said its chief financial officer John Worth is leaving the bank following the completion of its restructuring and recapitalisation earlier this month. “John…
Manchester Pension buys £60m Salford Soapworks
The Greater Manchester Pension Fund (GMPF) has bought Salford’s iconic Soapworks development — formerly the Colgate-Palmolive factory — from The Carlyle Group for £60 million….
Morrisons first-half profit up 40% to £200m
Bradford-based supermarket group Morrisons said its first-half profit before tax rose 39.9% to £200 million on turnover up 4.8% to £8.42 billion. But Morrisons’ shares fell…
Drax unveils big plans for battery storage and gas
Selby, North Yorkshire-based power company Drax Group said it gave notice to the UK’s Planning Inspectorate of its intention to consult on long-term options to repower…
Shares fall 47% at Oldham’s Ultimate Products
Shares of Oldham-based consumer goods firm Ultimate Products, which went public earlier this year, fell more than 47% after it said in a trading update that…
Profit falls at Go-Ahead despite £3.48bn revenue
Newcastle-based rail and bus group Go-Ahead Group said revenue for the year to July 1 rose 3.6% to £3.48 billion — but pre-tax profit fell 5.7%…
Global Marine chooses Port of Blyth for expansion
Chelmsford-based Global Marine Group (GMG), an offshore engineering services company for the renewables, telecommunications and oil & gas industries, announced it has expanded its operations base…
Ramsdens shares up amid strong profit expectations
Shares of Middlesbrough-based pawnbroker and foreign currency exchange Ramsdens Holdings plc rose 18% after it said in a trading update it expects its interim and full year…
Eddie Stobart half-year revenue rises to £287m
Logistics firm Eddie Stobart said its reported revenue increased 7.6% to £286.8 million in the six months ended May 31, 2017, as it delivered its first…
Co-op in exclusive talks to buy Nisa for £140m
Manchester’s Co-op Group has begun exclusive talks with Scunthorpe-based convenience grocer Nisa to discuss a possible deal to buy the mutually-owned retailer for up to £140 million….
Provident re-hires Gillespie to fix home credit
Shares of troubled sub-prime lender Provident Financial Group rebounded 20% on Friday after it announced it re-hired former executive Chris Gillespie as managing director of its home…
Leeds-based Jet2.com creates 1,700 jobs
Jet2.com — owned by Leeds-based leisure and logistics firm Dart Group — has announced a major recruitment drive with roadshows taking place across the UK to…
Provident shares fall ‘catastrophic’ 70% amid profit warning, CEO departure, suspended dividend, FCA probe
Shares of sub-prime lender Provident Financial plummeted more than 70% after it issued a second profit warning in roughly two months and said its CEO Peter…
Persimmon first half profit up 30% to £457m
York-based house builder Persimmon said its revenue rose 12% to £1.66 billion and profit before tax increased 30% to £457.4 million in the first-half of…
Yorkshire & Humber ‘has fastest growing output’
Yorkshire & Humber became the fastest growing region in England and Wales in terms of output in July, according to the latest Lloyds Bank Regional…
Co-op Bank loses 25k customers amid £135m loss
Manchester-based Co-operative Bank said on Thursday its losses before tax narrowed to £135.2 million in the six months to June 30, 2017, from £177 million…
Revenue up to £242 million at Doncaster’s Polypipe
Doncaster-based plastic piping and ventilation systems manufacturer Polypipe Group plc said its revenue rose 8.4% to £242 million and profit before tax rose 5.3% to £31.5 million in the six…
H1 revenue at Sheffield’s SIG up 4.7% to £1.44bn
Sheffield-based European building products distributor SIG said its statutory revenue rose 4.7% to £1.44 billion in the six months to June 30 but it made a statutory…
Bellway expects housing revenue +13% to £2.5bn
Newcastle-based house builder Bellway said in a trading update it expects its housing revenue to increase by more than 13% to £2.5 billion for the…
Tilney acquires £162m assets of Manchester’s Midas
Investment and financial planning group Tilney announced an agreement to acquire the assets of Manchester-based private client investment management and advisory business Midas Investment Management….
Swiss bank Julius Baer opens in Manchester, Leeds
Swiss private bank Julius Baer said it is opening new offices in Manchester, Leeds and Glasgow and it has hired a number of experienced relationship…
DFS shares up as it buys Sofology and refinances
Shares of Doncaster-based DFS Furniture rose almost 5% after it said it agreed to buy Golborne-based sofa retailer Sofology Limited and announced an agreement to refinance its existing borrowings. DFS…
Skipton savings balances up to £14.6 billion
Skipton Building Society said it increased its membership by almost 26,000 to more than 886,000 and recorded a 19% increase in underlying group profit before tax…
Feed, food and fuel firm NWF revenue soars to £556m
Chesire-based NWF Group plc, the agricultural and distribution business that delivers feed, food and fuel across the UK, said revenue rose 19.3% to £555.8 million,…
Shares of Yorkshire Bank owner soar after trading update
UPDATE 2 — Shares of Clydesdale and Yorkshire Bank owner CYBG rose about 9% after it announced a positive trading update for the three months…
Stobart aircraft leasing buys three jets for $56m
Stobart Group said its aircraft leasing business Propius Limited signed an agreement with a special purpose company managed by GOAL German Operating Aircraft Leasing to…
Provident Financial profits fall 45% amid agent woes
Bradford-based home credit firm Provident Financial said its first half statutory profit before tax fell 45.6% to £90 million amid ongoing problems with its move from using self-employed…
Cussons profit up 5% despite Nigeria currency woes
Manchester-based soaps and consumer products company PZ Cussons said its reported revenue fell 1.5% to £809.2 million but statutory profit before tax rose 5% to £88 million…
Board moves as Virgin Money H1 profit hits £128m
UPDATE 1 — Edinburgh and Newcastle-based challenger bank Virgin Money Holdings on Tuesday announced changes to its board and said underlying profit before tax rose 26%…
£1bn Manchester Airport expansion under way
The UK Government unveiled plans to develop a new UK Aviation Strategy as a £1 billion programme to double the size of Manchester Airport’s Terminal 2 was…
Drax makes £83m loss amid coal asset depreciation
Shares of Selby, North Yorkshire-based power company Drax Group fell more than 3% on Wednesday after it said “increases to depreciation and amortisation costs and unrealised…
UK firms pay record £33bn dividends in Q2
UK companies distributed an all-time record £33.3 billion in dividends in the second quarter, beating the previous record of £29.1 billion set in Q2 last…
Revenue tops £200m at Leeds-based Callcredit
Leeds-based Callcredit Information Group reported record results and launched a new identity “designed to position the business for continued growth both in the UK and…
€1.6bn Dutch rail contract for Sunderland’s Arriva
Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — announced it will operate the regional rail transport in the north of the Netherlands for another 15…
Dart revenue £1.73bn, but shares fall amid Brexit fear
Leeds-based leisure and logistics firm Dart Group said its revenue rose 23% to £1.73 billion in the year to March 31 but profit before tax fell…