Northern Financial Review

Skelmersdale, Lancashire-based bathroom retailer Victorian Plumbing Group plc said it will shut down operations of loss-making Victoria Plum, the rival it bought five months ago,…

Wetherby-based life sciences company Avacta Group has appointed Michelle Morrow as Chief Scientific Officer with effect from 4 November. Morrow brings nearly 20 years’ experience…

Stockholm-based impact investment firm Summa Equity has announced an investment in Chester-based EA Technology, partnering with selling management and employee shareholders. EA is a solutions provider…

Leeds-based UK Infrastructure Bank (UKIB) said on Monday it is “becoming” the National Wealth Fund (NWF) as announced by UK Chancellor Rachel Reeves at the international…

Manchester Airports Group (MAG) has announced a record-breaking summer season for traffic and a major investment in one of the group’s airports. Rolling 12-month traffic…

Channel 4 unveiled plans on Monday to move 600 jobs to Manchester, Leeds, Bristol and Glasgow. The TV producer said all new jobs will be…

Melius Cyber — a Newcastle-based company whose platform helps businesses to detect cyber risks within hours — has raised a further £500,000 from the North East Venture…

Mulberry Group plc said it is working with advisers to consider a response to Frasers Group, which made a second offer to buy the handbag-maker…

EY has officially opened its new headquarters in Leeds city centre. EY employs around 500 people in Leeds including 40 partners, and the firm also…

Mike Ashley’s Frasers Group plc has increased its proposed offer to buy the portion of handbag-maker Mulberry Group that it does not already own to…

Revolution Bars Group plc has changed its name to The Revel Collective plc, moving away from a close association with its best-known brand after a…

Newcastle-based SkinBioTherapeutics announced the acquisition of Driffield, Yorkshire-based Bio-Tech Solutions Ltd (BTS) for a total enterprise consideration of £1.25 million payable in cash on closing. The…

Newcastle-based wealth management firm True Potential announced that Gerry Mallon, CEO of Tesco Bank, will join True Potential as its CEO in early 2025, subject…

Newcastle-based housebuilder Bellway plc announced the retirement of its group finance director Keith Adey and the appointment of Shane Doherty as its new chief financial…

Manchester-based online retailer THG said it raised £95.4 million from equity investors, including £10 million from Mike Ashley’s Frasers Group, as it prepares to spin…

Manchester-based retailer THG plc is pushing ahead with its plan to demerge its fulfillment division Ingenuity and said it planned to raise £75 million to…

Salford-based investment platform giant AJ Bell said it has appointed Ryan Hughes as managing director of its growing AJ Bell Investments business. The wider AJ…

Manchester-based clothing and footwear digital retailer N Brown Group said its adjusted profit before tax rose to £3.6 million in the 26 weeks to August 31,…

Manchester-based gaming start-up ForthStar has agreed a deal that has seen it set up its headquarters at Foundation, the new 75,000 sq ft innovative workspace…

SIG plc, the Sheffield-based international building materials supplier, said on Thursday it “has continued its evaluation of the optimal approach to the refinancing of the…

Wetherby-based life sciences company Avacta Group said it will present new preclinical data on two breakthroughs in its cancer drug treatment platform at the 2024…

Bruntwood SciTech has acquired the Pinnacle office building in central Manchester and unveiled plans for a public piazza at its nearby Pall Mall redevelopment project. …

Carlisle-based agriculture and engineering firm Carr’s Group said activity to explore options to “maximise shareholder value for the group’s engineering division is proceeding satisfactorily and…

Liverpool City Region Combined Authority and Homes England said they will invest £51 million in a Birkenhead regeneration project that will create more than 1,500…

Leeds-based Border to Coast Pensions Partnership, the largest UK local government pension scheme (LGPS) pool, has announced the launch of a £1.2 billion UK real…

Newcastle-headquartered bus and rail giant Go-Ahead Group has announced a £500 million investment to decarbonise its fleet. The investment is set to fund the manufacturing of…

Manchester-based PRS REIT plc — recently under attack from rebel shareholders — said on Tuesday its revenue, generated wholly from rental income, increased 17% to…

Ashtrom Properties UK has acquired Central Square in Leeds’ financial district for £78 million. The landmark office transaction is the largest office investment deal in…

Brooks Macdonald Group plc said it has acquired Altrincham-based financial adviser LIFT for an initial payment of £30 million in cash rising to as much…

Rotherham-based land developer Harworth Group plc said it has bought Catalyst, a 285,000 sq. ft., Grade A, urban logistics estate in Rotherham, South Yorkshire for…

Private equity investor Oakley Capital announced that Oakley Capital Fund V is investing in Assured Data Protection, a Managed Services Provider (MSP) focused on Backup,…

Synexa Life Sciences, a Dutch bioanalysis firm, has bought Alderley Analytical Ltd, based near Macclesfield, for an undisclosed sum.  The purchase is the next step…

A West Yorkshire trade mission including the region’s health sector and music industry — with a dozen businesses joining Mayor Tracy Brabin — is in…

Leeds-based engineering services and infrastructure group Renew Holdings plc announced on Monday it acquired Full Circle Group Holding BV, a specialist provider of repair, maintenance and monitoring…

Altrincham-based healthcare real estate investment trust Assura plc said it now has 625 properties in its portfolio with an annualised rent roll of £179.1 million,…

Sosandar plc, the Wilmslow-based fashion firm run by former magazine publishers Ali Hall and Julie Lavington, said it signed a lease agreement for its fourth…

Newcastle-headquartered Grainger plc, the UK’s largest listed residential landlord and leader in the build-to-rent sector, said it added 1,113 new homes in the latest financial…

Mike Ashley’s Frasers Group said it agreed to buy shares in Mulberry Group’s latest offering, increasing its holding in the luxury handbag firm it is…

County Durham-based onshore renewable energy developer OnPath Energy is accelerating its project development plans across the UK after securing a new £120 million business credit…

The UK government has pledged to invest up to £22 billion in two carbon capture sites in the industrial heartlands of the North West and North…

EET Fuels, owner of the Stanlow refinery at Ellesmere Port, said it agreed $650 million in receivable financing and trade credit financing in the latest…

Manchester-based sportswear company Castore has signed a multi-year technical partnership with Yorkshire County Cricket Club, set to start next season.  As the exclusive official kit…

Kao Data has started work on a £350 million data centre in Stockport, one of the largest in the region. The 40MW, 25,900 sq m…

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…