Northern Financial Review

Manchester United plc announced financial results for its 2017 fiscal third quarter and raised its revenue and profit guidance for the year. For fiscal 2017, Manchester United now…

Clydesdale and Yorkshire Bank owner CYBG said on Tuesday its underlying profit rose 15% to £123 million in the six months to March 31 and that it remained on…

Blackpool-based polymer company Victrex said its revenue rose 12% to £130.9 million and profit before tax climbed 5% to £50.1 million in the six months ended March 31. Victrex shares slipped…

The North West Business Leadership Team (NWBLT) has joined business chiefs from around the UK in calling for greater devolution to British cities and regions as the…

Stockport-based beach holiday online retailer On the Beach Group said its revenue increased 7.3% to £38.1 million and profit before tax soared 33.8% to £9.9 million in the…

Legal & General said it bought a Build To Rent (BTR) site at Mustard Wharf in the centre of Leeds from regeneration property developer U+I and expects to be…

Chester-based identity data company GB Group said it conditionally agreed to acquire address validation firm PCA Predict for a total of £73.85 million. “The £73,852,423 total consideration…

Shares of York-based Gear4music, the online retailer of musical instruments and equipment, rose 4.55% after it said revenue jumped 58% to more than £56 million and underlying operating profit soared…

Virgin Media Business said its ultrafast Voom Fibre connectivity — which offers download speeds of up to 350Mbps — is now available in Manchester city centre. Virgin…

Work has begun on Virgin Trains’ new Azuma (Class 800) fleet of trains — built using Japanese bullet train technology — which are due to run on the…

Centrica said it will secure 350 jobs after announcing a £60 million investment in its operations offshore in Morecambe Bay. The project to refurbish two…

Bradford-based supermarket group Morrisons said its group like-for-like sales excluding fuel were up 3.4% in the 13 weeks to April 30. “There was some inflation during the…

Newcastle-based software giant Sage Group, the UK’s largest tech company, said its revenue rose 22.7% to £840 million and profit before tax jumped 41.1% to £180 million in…

Liberty House said it would create around 300 new steel jobs in South Yorkshire and make multi-million pound investments to secure the future of five sites across…

York-based housebuilder Persimmon said in a trading update its total forward sales revenue was currently £2.56 billion, up 11% on last year. “We have 8,928 new homes sold…

Far East Consortium International Limited (FEC) said it has been selected to work with the Manchester City Council to deliver the “Northern Gateway” — possibly the largest residential regeneration project ever…

Manchester-based specialist fit fashion retailer N Brown Group — whose brands include JD Williams, Simply Be and Jacamo — said its group revenue rose 4% to £900.7 million in the 53 weeks…

Manchester-based online fashion retailer boohoo.com said its revenue rose 51% to £294.6 million and profit before tax soared 97% to £30.9 million in the year to February 28,…

Stagecoach Group and Virgin Group announced they are joining forces with French high speed rail operator SNCF to bid for the UK’s West Coast Partnership…

Newcastle and Edinburgh-based challenger bank Virgin Money insisted it had maintained a “strong focus on asset quality” as its credit card balances grew about 8% to £2.7 billion in the…

Rotherham-based fishing tackle retailer Fishing Republic, which had an IPO in 2015, said its revenue rose 41% to £5.8 million and profit before tax and exceptional items climbed 32%…

Leeds is set to benefit from a £173.5 million UK government funding package that will provide high frequency busways, improved park and ride facilities and better stops…

Private equity firm Phoenix Equity Partners agreed the sale of Preston-based Key Retirement Group (KRG), a provider of financial products for retirees, to funds managed or…

English Premier League clubs’ aggregate revenues increased 9% to a record of £3.6 billion in 2015-16 — but the clubs made combined pre-tax losses of…

UK Prime Minister Theresa May has announced plans to call a snap general election on June 8 — having decided she needs to win support for…

Manchester Airport continued its period of double-digit growth with 1.9 million passengers flying through the airport’s three terminals in March — 10.1% more than the same…

Shares of Bury-based JD Sports Fashion soared to new highs after it said its profit before tax increased 81% to £238.4 million on revenue up 31% to £2.38 billion for…

CYBG, owner of Clydesdale and Yorkshire Banks, said it will make a minimum of £6 billion of lending available from 2017 to 2019 to help fuel…

Skipton Building Society said its subsidiaries Amber Homeloans Limited and North Yorkshire Mortgages Limited agreed the sale of a £220 million portfolio of mortgage loans to…

Manchester’s up-for-sale Co-operative Bank said on Friday it received a number of “non-binding proposals from strategic and financial parties” and that it selected several to go forward to…

The Co-op Group, based in Manchester, said its operating profit rose 32% to £148 million on revenues up 3% to £9.5 billion in the year to December 31. However, the mutual recorded a…

Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, said in a trading update it expects underlying profit before taxation for the year ended March 31, 2017, to…

Shares of Newcastle-based utility consultancy Utilitywise fell more than 11% after it said executive chairman and founder Geoff Thompson would become non-executive chairman with immediate effect and…

Manchester-based cyber security company NCC Group said on Monday it appointed Chris Stone as executive chairman with effect from April 6, 2017. “It is intended that he will…

Shares of Manchester-based financial advisor and asset manager Frenkel Topping rose more than 11% after it said it is reviewing strategic options “including a potential sale…

Selby, North Yorkshire-based power company Drax Group said that following the conclusion of an auction, Drax had been “provisionally successful” in its bid to acquire the assets of Louisiana…

The UK Treasury said it authorised the £11.8 billion sale of Bradford & Bingley (B&B) loans acquired by the taxpayer during the financial crisis to Prudential plc and…

Bolton-based online electrical retailer AO World said it raised £50 million in a placing of 37.73 million shares at 132.5p — representing about 9% of the firm’s share capital. Further, in…

Scarborough-based Sirius Minerals plc, the firm behind the controversial $2.9 billion fertilizer mine in North Yorkshire, said it plans to apply to move its share listing from AIM to the main…

Shares of Warrington-based United Utilities, the UK’s largest listed water company, edged lower after it said in a trading update that its revenue is expected to…

Shares of Flintshire-based house builder Redrow rose 3% after it said it decided “it is not in its shareholders’ best interests” to increase its proposal to…

Shares of York-based “international assistance” firm CPP Group fell 14% after it said its 2016 revenue decreased 4% to £73.6 million and that chief financial officer Michael Corcoran would leave the…

Manchester’s up-for-sale Co-operative Bank said “a number of credible strategic and financial parties have expressed interest in the sale process and are currently evaluating information on the…

Shares of Leeds-based WYG, the AIM-listed project management consultancy, fell more than 20% after it said in a trading update that “a combination of programme deferrals on existing…

Eddie Stobart Logistics is to float on the junior AIM stockmarket in London and will target a market capitalisation on admission in excess of £550 million….

Real estate company Savills’ latest Manchester Office Spotlight report said overseas investors led by German firms accounted for 72% of all office acquisitions in Manchester last year with…

Flintshire-based house builder Redrow, which has said it still wants to pursue a deal for Bovis Homes, on Wednesday issued a trading update saying its current performance was “robust” and…

Newcastle-based house builder Bellway said its profit before tax rose more than 9% to £247.6 million on revenue up almost 6% to £1.14 billion in the six months…

The UK government said on Monday it intends on March 29 to formally trigger the long negotiations for the UK to leave the EU. “The UK’s Permanent…

Unite Group plc said its student accommodation developer Unite Students acquired an asset under development near the University of Durham for £34 million. The accommodation will open in September 2018 and…

Rotherham-based real estate and brownfield regeneration firm Harworth Group said it conditionally raised £27.8 million by placing 29.2 million new shares at 95p in order to…

Leeds-based healthcare software and information technology firm EMIS Group said its 2016 revenue rose 2% to £158.7 million and statutory operating profit rose 106% to £23.5 million “despite headwinds created by the NHS…

Toyota said it will invest a further £240 million in its car plant in Burnaston, Derbyshire to “improve plant competitiveness and … promote UK supply chain efficiencies.” But…

Leeds-based private equity firm Endless LLP said it backed the carve-out of Sheffield-based SIG plc’s Carpet and Flooring (C&F) business. C&F has turnover of around £100 million and employs…

The Peel Group-led consortium behind the £5 billion Liverpool Waters development unveiled the first glimpse of the new Central Docks neighbourhood at the MIPIM property conference in Cannes…

Select Property Group said it signed heads of terms on a joint venture partnership deal with the Greater Manchester Property Venture Fund (GMPVF) to deliver its…

Manchester-based drug discovery company C4X Discovery Holdings said it raised £7 million in a share placing to support the firm’s expansion plans. AIM-listed C4X said 8,235,294…

Winsford, Chesire-based surgical and advanced wound care firm Advanced Medical Solutions Group (AMS) said its 2016 revenue rose 20% to £82.6 million and profit before tax rose 12% to…

Aberdeen-based oil and gas services company Wood Group said it agreed to buy rival firm Amec Foster Wheeler for about £2.2 billion in an all-share “transformational” deal….

Manchester’s up-for-sale Co-operative Bank said on Thursday its statutory loss before tax, still impacted by legacy issues, was reduced to £477.1 million in 2016 compared to a…