Northern Financial Review

Manchester United on Tuesday announced financial results for its 2018 fiscal fourth quarter and for the 12 months ended June 30, 2018. The company said…

Wakefield-based greeting cards retailer Card Factory said on Tuesday its revenue rose 3.2% to £185.3 million but underlying profit before tax fell 13.9% to £22.7 million for…

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…

The UK’s Competition and Markets Authority (CMA) said on Wednesday the proposed merger of J Sainsbury and Asda Group is being referred for an in-depth Phase…

Sheffield-based affordable housebuilder MJ Gleeson plc said on Monday group profit before tax increased 12.1% to £37 million on revenue up 23% to £196.7 million in the…

Manchester-based online fashion giant Boohoo.com plc said on Monday that John Lyttle will join Boohoo.com as chief executive with effect from March 15, 2019, with a…

Manchester-based online beauty firm The Hut Group (THG) said on Monday it agreed a deal to develop 1 million square feet of office and studio space near…

Manchester-based Co-op Group said its first-half sales increased 10% to £5 billion, driven by a strong food sales performance and the acquisition of Nisa. Group…

Manchester City Football Club on Thursday released its annual report for 2017-18, announcing revenues of more than £500 million for the first time in its…

Manchester-headquartered international law firm DWF on Thursday announced its full year results for the year ended April 30, 2018, with its revenue increasing 18% to…

Bradford-based supermarket group Morrisons said on Thursday its first-half revenue rose 4.5% to £8.8 billion and underlying profit before tax rose 9% to £193 million. Morrisons CEO…

Manchester-based fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said on Wednesday that its CEO Angela Spindler will leave…

Bury-based JD Sports Fashion said on Tuesday its revenue rose 35% to £1.8 billion and profit before tax increased 19% to £121.9 million in the 26 weeks ended…

Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…

The Lakes Distillery, the “English single malt” whisky distillery, announced it is exploring the possibility of seeking admission of its shares to trading on AIM,…

The world’s largest operational offshore wind farm, Walney Extension off the Cumbria coast, was officially opened on Thursday at a ceremony in Barrow. The 659MW…

Shares of Newcastle-based bus and rail firm Go-Ahead Group surged more than 10% on Thursday after it said its pre-tax profit rose 6.5% to £145.7 million…

Blackburn-based petrol station and convenience store giant EG Group announced on Tuesday a further expansion in the United States with the acquisition of 225 Minit Mart branded convenience retail stores and gas stations and related assets from TravelCenters of…

Flintshire-based house builder Redrow said on Tuesday its revenue rose 16% to a record £1.92 billion in the year to June 30 driven by higher legal completions and…

UPDATE 3 – TSB Bank Plc said on Tuesday that its CEO Paul Pester is leaving the company after months of pressure that followed a botched…

Manchester-based online beauty firm The Hut Group (THG) said on Monday it acquired beauty contract manufacturer and product developer Acheson & Acheson in a deal understood to be…

TSB — which is owned by Spain’s Banco Sabadell — said on Monday some of its customers are having problems using its internet banking facilities, its…

Shares of troubled Footasylum, the recently-floated Rochdale youth footwear and apparel retailer, fell another 50% on Monday after it said its revenue growth is now expected to…

Shares of Newcastle-based software giant Sage Group, the UK’s largest listed tech company, fell about 7% after it said its CEO Stephen Kelly will leave the company….

Warrington-based Eddie Stobart Logistics plc said on Thursday its revenue rose 25.3% to £359.3 million in the six months ended May 31, 2018. First-half profit was £1.4 million…

Knaresborough, North Yorkshire-based pest control firm Pelsis has acquired US-based Curtis Gilmour in a deal that will see it significantly expand its global presence. The…

Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Wednesday its revenue…

Stagecoach, Britain’s biggest bus and coach operator, on Tuesday announced a £56 million plan to deliver Europe’s largest single investment in electric buses for Greater…

The Competition and Markets Authority (CMA) said on Thursday it has launched a formal investigation into the proposed merger between J Sainsbury and Asda Group. Sainsbury’s…

York-based Persimmon, the UK’s second-largest house builder, said on Tuesday its profit before tax increased 13% to £516.3 million and revenue was up 5% to £1.84 billion in the…

Selby, North Yorkshire-based power company Drax Group said it has switched on its fourth biomass generating unit — taking its giant power station a step closer…

A consortium led by international support services and construction group Interserve have reached financial close on a £105 million project for Durham University. The scheme…

Walmart’s Leeds-based subsidiary Asda — currently preparing to be taken over by Sainsbury’s — has reported a fifth quarter of positive growth in the period from April 1 to…

Shares of Stockport-based beach holiday retailer On the Beach Group plc rose 14% on Thursday after it said its profit for the financial year “will be broadly…

New research shows that Liverpool City Region’s “visitor economy” is now worth more than £4.5 billion, last year welcomed 64 million visitors to the region…

Manchester-based car dealership Lookers plc said its turnover increased 5% to £2.58 billion in the six months to June 30, but adjusted profit before tax fell 14%…

Sheffield-based video gaming giant Sumo Group plc said it acquired Brighton-based game development studio The Chinese Room Ltd for a total consideration of £2.2 million…

Manchester-based Co-operative Bank plc said on Friday that Tom Wood, its chief financial and restructuring officer, “has decided to step down from his position following…

Mike Ashley’s Sports Direct International announced on Friday it acquired House of Fraser from administrators for £90 million in cash. Sports Direct International said in a stock exchange…

Shares of Wakefield-based greeting cards retailer Card Factory fell about 10% after it said it expects underlying earnings for the year to be between £89 millon…

Newcastle-based house building giant Bellway said its revenue rose about 16% to a record of almost £3 billion in the year ended July 31, 2018, and…

The National Farmers’ Union (NFU) has warned the UK would run out of food in seven months if it relied only on British-grown produce. NFU president…

Ilkley, West Yorkshire-based NG Bailey, the UK’s largest independent engineering, IT and facilities services group, saw its order book break the £1 billion milestone in the 12 months…

Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, reported revenue growth of 8.1% to £277.4 million for the 16 week period…

Leeds Building Society on Friday announced results for the first half of 2018, saying its total assets increased to £19.5 billion, up 13% since June…

Bradford-based Yorkshire Building Society’s recent interim results showed its core operating profit rose to £86.3 million for the first six months of the year compared to £84.2 million…

Newcastle-based software giant Sage Group, the UK’s largest tech company, said on Thursday it remains confident of achieving its full year guidance on “organic” revenue…

Skipton Building Society said total group profit before tax rose to £104.7 million in the six months to June 30, up from £67 million at…

Shares of embattled Bradford-based subprime lender Provident Financial rose about 7% on Tuesday as it strengthened its board with the appointment of Patrick Snowball as chairman and…

Chesire-based NWF Group plc, the agricultural and distribution business that delivers feed, food and fuel across the UK, said on Tuesday its revenue rose 9.9%…

Shares of Greggs, the Newcastle-based bakery and “food-on-the-go” retailer, rose about 8% after it said its sales rose 5.2% to £476 million in the 26 weeks…

The Mayor of Greater Manchester Andy Burnham on Monday called on UK Prime Minister Theresa May to intervene to solve the ongoing chaos on the…

Shares of Leeds-based fashion and retail logistics firm Clipper Logistics plc fell about 20% on Monday despite the firm announcing its revenue increased 17.6% to £400.1…

Clydesdale and Yorkshire Bank owner CYBG, which is buying Newcastle-based Virgin Money for roughly £1.7 billion, said on Monday its third-quarter trading was in line with its…

The Factory – a new cultural venue in the heart of Manchester – has been given final approval by Manchester City Council’s planning committee. It…

Macclesfield-based engineering and thermal processing giant Bodycote said it expects its full year results to “be marginally ahead of current consensus.” Bodycote said that for the…

Newcastle and Edinburgh-based Virgin Money, which is being bought by Clydesdale and Yorkshire Bank owner CYBG for around £1.7 billion, said on Thursday its underlying profit before…

Carlisle-based Stobart Group — consumed by a lengthy boardroom battle — said on Wednesday it hired search firm Russell Reynolds Associates to help strengthen its board and appointed…

Manchester-based soaps and consumer products company PZ Cussons said its adjusted profit before tax fell 21.5% to £80.1 million for the year to May 31, 2018, “largely due to…

Shares of Selby, North Yorkshire-based power company Drax Group fell about 5% after it said its first-half earnings before interest, tax, depreciation and amortization (EBITDA) fell to…

Prime Minister Theresa May will confirm a £780 million investment in the East Coast Main Line when she holds a Cabinet meeting in the North East…

Merseyside-based Vimto and soft drinks firm Nichols plc said its revenue rose 2.3% to £65 million and profit before tax increased 2.7% to £13.1 million in the half…

Shares of Mike Ashley’s Sports Direct International fell about 7% after it said its reported profit before tax fell 72.5% to £77.5 million despite revenue rising 3.5% to £3.36…

Shares of Chester-based price comparison website Moneysupermarket.com rose about 8% after it said its revenue rose 5% to £173.7 million in the six months to June 30,…

British Steel reported a first quarter profit of £21 million and announced the biggest single investment in its manufacturing operations for a decade. The resurrected…

Manchester-based cyber security company NCC Group said its revenue from continuing operations grew 8.3% to £233.2 million in the year to May 31 and profit before tax…

Newcastle-based building services firm Northern Bear plc said its turnover from continuing operations rose to £53.6 million in the year to March 31, 2018, from…

LGIM Real Assets (Legal & General) said it acquired Steel Vulcan House, a 120,000 sq ft modern office building in the centre of Sheffield for…

Liverpool-based B&M European Value Retail said its total sales revenue increased 21.3% to £796.3 million in its first quarter to June 30, 2018. B&M UK sales…

Doncaster-based DFS Furniture warned in a trading update that its full-year earnings will fall below last year, blaming “exceptionally hot weather” and “disruption outside of our…