£45m funding for Manchester’s 125 Deansgate
A funding facility of £45 million has been secured for the 125 Deansgate office development in Manchester city centre. The clubbed facility has been provided by the…
Radrizzani buys 50% stake in Leeds Utd
Leeds United Football Club confirmed that sports media executive Andrea Radrizzani’s Aser Group Holding, through it’s acquisition vehicle Greenfield Investment, has bought 50% of the club’s share capital. Leeds…
Manchester council proposes £100m for roads
Manchester City Council is proposing to invest an extra £100 million “to get roads to a good standard and keep them there” and make sure the area’s…
NCC sells Open Registry group for €3.75m
Manchester-based cyber security and risk mitigation firm NCC Group said it sold the Open Registry group of companies for about €3.75 million. The Open Registry group of companies comprises…
‘Single market, devolution, and Global North East’
North East England Chamber of Commerce president Mike Matthews outlined the region’s aspiration to be a “Global North East” as he unveiled the chamber members’ 2017 Manifesto….
Harworth buys Preston’s Four Oaks for £13.5m
Harworth Group, the brownfield regeneration and property investment company, said it acquired Four Oaks Business Park in Preston, Lancashire for £13.5 million as part of its strategy…
Bradford Bulls ceases trading
The Rugby Football League (RFL) confirmed on January 3 that the administrator of Bradford Bulls (Northern) Limited has confirmed that the club has ceased trading. “While…
Boohoo completes £3.3m PrettyLittleThing deal
Manchester-based online fashion retailer boohoo.com plc said it completed the acquisition of 66% of 21 Three Clothing Company Ltd — known as PrettyLittleThing — for £3.3 million in cash….
£1.2bn starter homes fund gets to work
The UK government said its £1.2 billion Starter Homes Land Fund will soon start to provide new homes for first-time buyers aged between 23 and…
Manufacturing soars; weak pound boosts exports
The UK’s manufacturing sector ended 2016 on a positive note with rates of growth for production and new orders in December among the best seen over…
BAE Systems surpasses 2,000 apprentices
BAE Systems said its need for a continuous supply of skilled employees — in particular for submarine programmes at Barrow-in-Furness, Cumbria — has led to the company currently training a…
Duffy to leave Entrepreneurial Spark
Jim Duffy, co-founder of business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark will…
£7.2m digital business growth fund launched
The Derby Derbyshire Nottingham Nottinghamshire (D2N2) Local Enterprise Partnership (LEP) will launch a £7.2 million fund in January aimed at helping 850 small and medium-sized enterprises…
Daisy seals £184m Alternative Networks deal
Nelson, Lancashire-based IT infrastructure and communications firm Daisy Group said it completed its acquisition of rival firm Alternative Networks plc. Daisy Group said the deal values Alternative Networks…
North Shields is North East’s property hotspot
A new report showed that North Shields has seen the North East of England region’s biggest house value growth over the last 12 months, with…
Russell Group universities seek new boss
The Russell Group of 24 leading UK universities — which includes Manchester, Newcastle, Durham, Liverpool, Sheffield, Nottingham, York and Leeds — is looking for a new director…
RBS shareholders push for special committee
More than 100 individual shareholders of Royal Bank of Scotland (RBS) — coordinated by shareholder groups ShareSoc and UKSA — have requisitioned a resolution to…
Boohoo offers to buy Nasty Gal assets for $20m
Manchester-based online fashion retailer boohoo.com plc said it has made an offer to acquire “certain intellectual property assets” from US retailer Nasty Gal Inc for $20…
Sports Direct to sell $137m Dunlop brand
Sports Direct International said it agreed sell its rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber Industries (SRI) for $137.5 million in…
Tritax in £102m Howden warehouse investment
Tritax Big Box REIT, a real estate investment trust, said it exchanged contracts — conditional on receiving planning consent — to provide forward funding for two large distribution warehouses at Warth…
M6 and M60 ‘most in need of investment’
The Freight Transport Association (FTA) said drivers believe that the M60 north of Manchester and the M6 north of Birmingham are two of the three most highly…
Dart Group to buy $384m Boeing planes
Leeds-based Dart Group, owner of Jet2.com and Jet2holidays, said it agreed to buy a further four new Boeing 737-800NG aircraft in addition to the acquisition of 30 aircraft announced in…
Permission for UK Land Estates Blaydon upgrade
UK Land Estates said it received planning permission for a major project to increase the size of Blaydon town centre in Gateshead with a new supermarket, shops…
Onex to buy Parkdean Resorts for £1.35bn
Canadian private equity firm Onex Corporation agreed to acquire Newcastle and Hemel Hempstead-based caravan holiday park operator Parkdean Resorts for £1.35 billion from Epiris, another…
Glencore chooses Teesport for northern hub
PD Ports agreed a three-year deal with soya bean and oilseed rape crusher Glencore Agriculture UK to use Teesport as its northern distribution hub. Glencore’s new…
Billingham’s Able signs Humber deal with BMW
Billingham-based Able UK announced a major expansion of its vehicle storage and distribution operations on the Humber with the signing of a nine-year contract with…
Deutsche, Credit Suisse In $12bn Settlements
Deutsche Bank said it reached a settlement in principle with the US Department of Justice (DoJ) regarding civil claims in connection with the bank’s issuance and underwriting…
Treasury Committee Launches Inquiry Into QE
The UK’s Treasury Committee has launched an inquiry into the effectiveness and impact of post-2008 monetary policy in the UK. Andrew Tyrie MP, chairman of the…
Alstom to buy Newcastle’s Nomad Digital
French transport giant Alstom has signed an agreement for the acquisition of Newcastle-based train wi-fi pioneer Nomad Digital from Amadeus Capital Partners, SEB Venture Capital and Deutsche…