Northern Financial Review

Manchester Airports Group (MAG) chief executive Charlie Cornish has warned the UK Government that airports and airlines need urgent support to survive the “very bleak…

Blackburn-based toilet roll maker Accrol Group said on Monday it entered into a conditional agreement to acquire tissue company LTC Group for an enterprise value of…

Chesire-based NWF Group plc, the agricultural business that delivers feeds, food and fuel across the UK, on Monday requested that trading in its shares be…

Bury-based FTSE 100 retailer JD Sports Fashion Plc said on Monday its executive chairman Peter Cowgill sold about 2.6 million shares in the company last…

Shares of Manchester-based household cleaning products firm McBride plc rose about 4% on Monday after it announced a share buyback programme of up to £12 million…

Carlisle-based aviation and energy infrastructure firm Stobart Group on Monday announced the appointment of David Blackwood as senior independent director (SID) with effect from November 1,…

Salford-based investment platform AJ Bell said that British people have saved £88 billion since March — with households increasing cash deposits at banks by £6.8 billion…

Manchester-based corporate rescue giant Begbies Traynor Group plc said on Thursday its latest Red Flag Alert research for the third quarter of 2020 recorded 557,000 UK…

Moody’s Investors Service said on Wednesday it downgraded the corporate family rating (CFR) of Blackburn-based petrol station and convenience store giant EG Group to B3 from B2 and…

Property giant Land Securities (Landsec) has poached Vanessa Simms from Newcastle-based residential landlord Grainger plc as its next chief financial officer. Simms is also non-executive…

Macclesfield-based Franchise Brands plc said on Wednesday it saw a steady recovery in trading in its third quarter “from the previous quarter’s lockdown-impacted performance, which…

Sovereign Centros said on Monday it has taken over the running of intu’s largest asset, the Metrocentre in Gateshead. The company said it will asset…

Shares of Manchester-based molecular diagnostics firm Yourgene Health plc fell about 7% on Monday after it issued a trading update for the half-year ended September…

Manchester-based tool and equipment rental firm HSS Hire Group plc said on Monday it proposes to raise up to £54 million by selling new shares…

Shares of Manchester-based consumer brand and e-commerce giant The Hut Group (THG) rose as much as 10% on Monday after it lifted its full-year revenue guidance in…

York-based international online music equipment retailer Gear4music said on Thursday its sales grew 42% to £70.2 million in the six months to September 30, 2020 and…

Manchester-based consumer brand and e-commerce giant The Hut Group (THG) said on Thursday it will create a further 500 permanent jobs in the next three months across…

Shares of Chester-based price comparison website Moneysupermarket Group fell about 10% on Thursday after it reported results for the quarter ended September 30, 2020, showing revenues…

Salford-based investment platform AJ Bell said on Thursday its assets under administration rose 8% to £56.5 billion in the year to September 30, 2020, while the…

Manchester-based molecular diagnostics firm Yourgene Health plc announced on Wednesday a new collaboration between the recently launched Yourgene Genomic Services (YGS) and Cytox Ltd for…

New York-listed Manchester United said on Wednesday its revenue for the year to June 30, 2020, fell 18.8% to £509 million as the company slumped to…

The £46 billion Northern Local Government Pension Scheme (NLGPS) has become a Make My Money Matter (MMMM) “pledge partner” as part of its commitment to…

Manchester Airports Group (MAG) said late on Tuesday that chief financial officer Neil Thompson has decided to leave the group. MAG operates Manchester, London Stansted…

More than 48% of shareholders at the AGM of Manchester-based cyber security company NCC Group voted against the directors’ remuneration report on Tuesday. NCC said…

Manchester-based Co-operative Bank plc said on Tuesday it appointed its chief financial officer Nick Slape to the role of chief executive officer, effective October 31,…

Newcastle-based house building giant Bellway said on Tuesday its revenue fell 30.7% to £2.2 billion in the year to July 31 and profit before tax…

North Yorkshire-based power company Drax Group said on Monday it is preparing to raise €250 million via a bond sale. In a stock exchange statement, Drax said:…

Shares of Manchester-based online fashion giant Boohoo Group plc fell about 20% on Monday after the firm confirmed it is looking for a new auditor…

Ratings agency Moody’s Investors Service lowered the United Kingdom Government’s debt rating by one notch to Aa3 from Aa2 late on on Friday, citing diminishing economic and…

Boohoo Group Plc told Reuters on Friday it has started a process to appoint a new auditor following a report that claimed PwC is to…

Manchester industrial chain firm Renold plc said on Friday it remained profitable in the six months to September 30 despite sales revenue falling 17% on…

Troubled Altrincham-based car dealership Lookers plc — whose shares have been suspended amid an accounting investigation — said on Friday its third-quarter sales were 13.6%…

Newton Aycliffe-based offshore energy services firm Tekmar Group said on Thursday it appointed Alasdair MacDonald as chief executive officer with immediate effect. MacDonald was chairman of…

Blackburn-based petrol station and convenience store giant EG Group has appointed accounting firm KPMG as its new auditor following the resignation of Deloitte. The Financial Times newspaper…

Rolls-Royce Holdings plc said on Thursday it successfully priced an offering of three tranches of senior unsecured notes denominated in US dollars, euros and sterling…

Shares of Bolton-based online electrical retailer AO World plc rose about 30% on Thursday after it issued a trading update for the six months ended September 30,…

Legal & General’s LGIM Real Assets has provided £75 million in long-term financing to Bernicia, one of the largest providers of affordable homes in North…

Andy Bell, CEO of Manchester-based investment platform AJ Bell, has written to newly-appointed FCA chief executive Nikhil Rathi warning of the “dangers” to consumers of…

Momentum Global Investment Management Limited (MGIM), the UK-based subsidiary of Johannesburg-based Momentum Metropolitan Holdings Limited, said on Tuesday it will acquire Liverpool’s Seneca Investment Managers…

Shares of Ashton-under-Lyne-based wound care and industrial firm Scapa Group rose about 7.5% on Tuesday after it published a trading update saying it expects its…

SSE, the Scottish renewable energy and electricity networks giant, said on Tuesday it agreed to sell its 50% stake in energy-from-waste ventures in Ferrybridge and Skelton…

Shares of Warrington-based Eddie Stobart Logistics plc rose about 37% on Monday after it said its owner GWSA Group reported revenues of £416.5 million for…

Fenway Sports Group, the owner of Liverpool Football Club and Boston Red Sox, is in talks with RedBall Acquisition Corp to go public, according to…

UK finance minister Rishi Sunak said on Friday afternoon the UK Government’s Job Support Scheme (JSS) will be expanded “to protect jobs and support businesses…

The University of Sheffield, Sheffield Hallam University and Sheffield Teaching Hospitals have submitted a joint proposal to the UK government for a £316 million programme…

Around 1,000 jobs will be created and £25 million invested as discount retailer Poundland acquires Barnsley-based frozen food supplier Fultons Foods. Poundland has been working…

Speedy Hire Plc, the Newton-le-Willows-based tools and equipment hire firm, said on Friday its revenue for the six months to September 2020 is anticipated to…

Liverpool-based online retail and financial services giant The Very Group said on Thursday its revenue exceeded £2 billion for the first time in the year…

Manchester-based tool and equipment rental firm HSS Hire Group plc said on Thursday 300 jobs will be lost as it permanently closes 134 of its…

Shares of Salford-based broadband giant TalkTalk Telecom Group rose about 17% on Thursday after it said it received “a preliminary and non-binding proposal” from shareholder…

Gateshead-based Vertu Motors plc said on Wednesday it delivered a “record trading performance” in the key month of September despite revenue for its first-half to August…

Planning permission has been granted for an application submitted by Peel L&P and Your Housing Group (YHG) for the development of Patagonia Place, a 31-storey…

Manchester Airports Group (MAG) warned on Wednesday that almost 900 jobs at its three airports are at risk as it blamed “an absence of support…

Plans to extend the UK’s new railway — High Speed Two — moved a step closer on Wednesday with the opening of a new public consultation…

Harrogate-based equipment rental group Vp plc said in a trading update on Tuesday it has cut around 150 jobs and closed or merged 17 branches…

Manchester-based Co-operative Bank plc said on Tuesday that Andrew Bester intends to step down as its chief executive officer and as a director of its…

Barrow-in-Furness international marine engineering company James Fisher and Sons plc said on Friday its specialist technical business JFD “has been awarded a multi-million-pound five-year service…

Blackburn-based petrol station billionaires the Issa brothers and funds managed by London-based private equity firm TDR Capital LLP announced on Friday they agreed to buy…

Rolls-Royce said on Thursday it will seek to raise up to £5 billion, including £2 billion from shareholders. The company said the the COVID-19 pandemic…

Carlisle-based aviation and energy infrastructure firm Stobart Group said on Thursday it continues “to evaluate opportunities to dispose of remaining non-core assets” and reported that its London…

Shares of Manchester-based fashion retailer N Brown Group rose about 7% on Wednesday after it said in a trading update for the six months to…

Manchester-based consumer brand and e-commerce giant The Hut Group (THG) on Wednesday announced the acquisition of US skincare brand Perricone MD for $60 million in cash. The…

Shares of Sheffield-based video gaming firm Sumo Group plc rose about 13% on Wednesday after it said it signed a contract to acquire Lake Street Labs…

Manchester-based online fashion giant Boohoo Group plc said on Wednesday its revenue rose 45% to £816.5 million and pretax profit rose 51% to £68.1 million in…

Shares of Sunderland-based furniture and floorings retailer ScS Group fell about 7% on Tuesday after it said its revenue fell 19.5% to £255.5 million for the…

Shares of Wakefield-based greeting card and gift retailer Card Factory plc fell about 7% on Tuesday after its results for the six months ended July…

Newcastle-based Grainger plc, the UK’s largest listed residential landlord, on Tuesday released a trading update to the end of August 2020 showing its rent collections are “on…

Shares of Liverpool-based B&M European Value Retail rose about 4% on Tuesday after it published a trading update for the first half of its current financial…

Shares of Newcastle-based bakery and food retailer Greggs fell about 8% on Tuesday after the firm published a third quarter trading update showing sales have…

Leeds-based Tracsis plc, a provider of software and services for the traffic data and transportation industry, said on Monday its chief financial officer Max Cawthra will stand…