Northern Financial Review

The Association of British Insurers (ABI) said on Friday it has found that UK Government proposals to reform the calculation of the Retail Price Index…

UK Government debt has surpassed £2 trillion for the first time, the Office for Budget Responsibility (OBR) saidon Friday. That roughly 100.5% of the UK’s economic output,…

Manx Financial Group plc, the financial services group which includes Conister Bank Limited and Conister Finance & Leasing Ltd (CFL), on Friday announced “significant Government…

Bolton-based online electrical retailer AO World plc said on Friday it is creating 650 new jobs across the UK in its retail, mobile, tech, financial services…

Alliance Manchester Business School said on Friday it will host a new institute funded by the UK’s Economic and Social Research Council (ESRC) to make…

Terminal Two at Manchester Airport will be closed again from September 2 amid the ongoing low demand for air travel caused by the Covid-19 pandemic….

Warrington-based Eddie Stobart, now a subsidiary of GreenWhiteStar Acquisitions Limited (GWSA), said on Friday it has been appointed by Wm Morrison Supermarkets plc to provide…

Homes England and Network Rail have confirmed they will invest £77 million to ensure that York’s new city centre quarter development goes ahead. The news…

Shares of Gateshead-based Vertu Motors plc rose about 15% on Thursday after it published an AGM trading update saying it continued to see robust retail sales…

Troubled Altrincham-based car dealership Lookers plc said on Thursday it expects a “material” underlying pre-tax loss for the first half of 2020 — and said an…

Chester-based ID verification company GB Group (GBG) said on Thursday it will buy a minority stake in Singapore-based CredoLab, a developer of bank-grade digital scorecards….

Bolton-based online electrical retailer AO World plc said on Thursday it recorded strong year-on-year revenue growth of 58.9% to £401.3 million in the UK and of…

Amazon and Bradford-based Morrisons announced on Wednesday that customers will now be able to do their full Morrisons food shop on Amazon.co.uk and get free…

Asda, Walmart’s Leeds-based subsidiary, said its online sales doubled during its second quarter which began on April 1, the week after the pandemic lockdown began. Asda…

The Sheffield-based British Business Bank said on Tuesday it appointed Judith Hartley as CEO on an interim basis of its two commercial subsidiaries, British Business…

Shares of Carlisle-based aviation and energy infrastructure firm Stobart Group fell about 8% on Tuesday after it issued a stock exchange statement of the impact on its…

Shares of York-based house building giant Persimmon plc rose as much as 7% on Tuesday after the firm said it would reinstate a dividend after…

Manchester-based investment platform AJ Bell said on Monday its CEO Andy Bell sold 1.77 million shares in AJ Bell at 437.766p per share, which would work…

Salford-based investment platform AJ Bell Investcentre said on Monday it launched a new service which will give advisers and their clients access to Managed Portfolio…

Newcastle United is in talks with the Bellagraph Nova Group (BNG) group over a possible takeover bid, the Singapore-backed company said in a statement.  BNG,…

British Airline Pilots’ Association (BALPA) said that Leeds-based Jet2 has announced plans to make 102 pilots redundant across most of its bases. Jet2 is owned…

The logistics sector in the Northern Powerhouse region has the potential to create 174,000 additional jobs by 2050 “if key barriers are addressed” according to…

Shares of Hull-based meat processing giant Cranswick Plc rose about 6% on Monday after it published a trading update for the 13 weeks to June…

The UK Government’s Sellafield Ltd said on Friday night that bomb disposal experts have successfully disposed of chemicals at its nuclear reprocessing plant in Cumbria…

Clients of Aberdeen Standard Investments have acquired Clarendon Quarter, a 324-unit residential scheme situated just outside of Leeds city centre, for about £41 million from…

The UK’s gross domestic product (GDP) plunged 20.4% in the second quarter of 2020 amid the coronavirus lockdown — the most severe contraction reported by…

Manchester’s Trafford Centre is being put up for sale less than two months after its parent company Intu Properties collapsed into administration. Intu also runs…

The UK’s Local Authority Pension Fund Forum (LAPFF) has called on the UK government to ban sales of all new petrol, diesel and hybrid cars…

Sheffield City Council announced on Wednesday the appointment of its new chief executive Kate Josephs — subject to formal endorsement at the full council meeting…

Transport for the North (TfN) on Wednesday set out its initial plans for a Northern Infrastructure Pipeline (NIP), a 30-year investment plan of infrastructure projects to underpin “greener Northern growth.” Transport for the North said its…

Manchester and Vienna-based biotech firm F2G Ltd on Wednesday announced it has secured $60.8 million in financing from new and existing investors. F2G develops novel…

Galliford Try said on Tuesday its building business has won a contract to build one of the most significant build-to-rent developments ever seen in Leeds….

Shares of Newcastle-based house building giant Bellway fell about 3% on Tuesday after it published a trading update for the year ended July 31, 2020….

The UK’s Financial Conduct Authority (FCA) said on Monday the High Court has “ordered illegal pension introducers” Avacade, of Manchester, and Chesire-based Alexandra Associates and…

Shares of Chester-based ID verification company GB Group (GBG) rose about 6% on Monday after it released a strong AGM trading statement and said it…

Shares of Ashton-under-Lyne-based wound care and industrial firm Scapa Group rose about 35% on Friday after the firm published an AGM trading update saying it…

Manchester Airports Group (MAG) said on Friday it will make proceeds in excess of £340 million in the sale of “non-core” properties to Columbia Threadneedle…

GreenWhiteStar Acquisitions Limited (GWSA) — the business behind Warrington-based Eddie Stobart plc — on Thursday published details of its first six months of trading under its…

GB Railfreight (GBRf) and Drax Group have agreed to extend their contract to transport supplies of sustainable biomass from UK ports to Drax Power Station…

The UK’s Competition and Markets Authority (CMA) said on Wednesday it issued a £300,000 fine to Bury-based retail giant JD Sports Fashion and its biggest…

Shares of Macclesfield-based Redx Pharma plc soared about 160% on Tuesday after it announced a “significant out licensing agreement for its porcupine inhibitor, RXC006” with…

Manchester-based Yourgene Health plc, an international molecular diagnostics firm, on Tuesday announced a proposed sale of new shares in the firm at 17p to raise a…

Unite the union has expressed anger at the decision of Manchester-based Co-op Insurance to sell the entire business to Kent-based Markerstudy, which the union claimed…

Chesire-based NWF Group plc, the agricultural and distribution business that delivers feeds, food and fuel across the UK, said on Tuesday its revenue increased 2.4%…

The Leeds-based £46 billion Border to Coast Pensions Partnership has announced its involvement in about £1.4 billion of infrastructure investment. Border to Coast is one of…

Wigan-based sports and gym company DW Sports has gone into administration — putting 1,700 jobs at risk. BDO LLP has been appointed administrator of DW…

Bury-based FTSE 100 retailer JD Sports Fashion Plc said on Friday it was “particularly disappointed” at the level of shareholder opposition to its executive remuneration…

Manchester-headquartered international law firm DWF Group plc said on Friday that Jonathan Bloomer will join its board as chairman on August 1, 2020. “When Sir Nigel…

The Littlewoods Studios development in Liverpool has taken a major step forward with a £17 million funding commitment from the Liverpool City Region Combined Authority’s…

Liverpool City Region Combined Authority said on Friday it has approved a loan of £34 million to Liverpool Airport to “provide stability for the airport”…

Leeds Building Society said on Friday its profit before tax fell 34% to £32.6 million for the first six months of 2020 “due to increases in…

Shares of Wilmslow-based pet and vet retailer Pets at Home Group Plc rose 20% on Friday after it published a trading update for the 16…

Shares of Sunderland-based furniture and floorings retailer ScS Group rose 13% on Thursday after it issued a trading update for the 52 weeks ended July 25, 2020,…

A consortium led by Saudi Arabia’s Public Investment Fund (PIF) has withdrawn its interest in acquiring Newcastle United football club in a £300 million deal….

Thirsk, North Yorkshire-based steel group Severfield said on Thursday it will after all propose a dividend for shareholders. Last month, the firm said dividend payment…

Manchester-based Co-operative Bank plc said on Thursday it made a statutory loss before tax of £44.6 million in the six months ended June 30, 2020,…

Rotherham-based property and land regeneration firm Harworth Group said on Thursday it appointed Lynda Shillaw of Town Centre Securities to succeed Owen Michaelson as Harworth’s…

Manchester-based consumer brand and technology giant The Hut Group (THG) has appointed a group of investment banks to work on a possible stock market flotation…

Drax Group, the North Yorkshire-based power company, maintained on Wednesday that it expects to increase its full year dividend by 7.5% “subject to good operational…

Shares of Liverpool-based B&M European Value Retail rose 3.5% on Tuesday after it published a positive trading update for the year to date. B&M is…

Chester-based price comparison website Moneysupermarket Group said on Tuesday it maintained its dividend despite its revenue falling 8% to £183.2 million in the six months…

Shares of Wakefield-based greeting card and gift retailer Card Factory plc rose about 8% on Tuesday after it said sales at its stores since they…

Manchester-based online fashion giant Boohoo Group plc on Tuesday published the “terms of reference” of the independent review of its Leicester supply chain being led…

Shares of Greggs, the Newcastle-based bakery and “food-on-the-go” retail giant, fell about 6% on Tuesday after the firm announced results for the 26 weeks to June…

Steve Rotheram, Metro Mayor of the Liverpool City Region, on Friday published an ambitious economic recovery plan called Building Back Better that is supported by business, academia,…

Cumbria County Council’s Cabinet agreed on Friday a new funding agreement with Homes England to deliver the new Carlisle Southern Link Road. The funding deal…

Shares of Harrogate-based equipment rental group Vp plc rose 9% on Thursday after it published an AGM statement saying demand has returned and its revenues…

Shares of York-based online music equipment retailer Gear4music rose almost 30% on Thursday after it reported a 68% rise in sales to £37.3 million in…

Macclesfield-based heat treatment and thermal processing giant Bodycote said on Thursday its revenue fell 16.3% to £306.7 million in the six months to June 30 as it swung…

Shares of Sheffield-based Benchmark Holdings, the genetics and nutrition firm, rose 6% on Thursday after it agreed to sell its vaccine manufacturing facility at Braintree…