Northern Financial Review

The North East England Chamber of Commerce said the region’s export figures show it is bucking the UK’s downward, national trend with a strong third…

Sheffield-based video gaming giant Sumo Group plc announced the successful pricing of its initial public offering, with a placing 38,445,869 ordinary shares at 100p per…

Babcock subsidiary Cavendish Nuclear and its supplier Jordan Manufacturing have been awarded a 10-year contract worth up to £95 million to supply Sellafield Ltd with…

York-based house builder Persimmon said its chairman Nicholas Wrigley will resign and remuneration committee chair Jonathan Davie has resigned amid a row over excessive executive pay…

Shareholders of Mike Ashley’s Sports Direct International have voted 70.73% against paying Ashley’s brother John £11 million in back payments. Sports Direct had called a general meeting…

Capital projects costing more than £630 million have been put forward in response to a call for funding bids by Sheffield City Region (SCR). The…

Manchester Airport Group Investments Limited (MAGIL) said its revenue rose 12.7% to £543 million and adjusted operating profit rose 9.6% to 164.8 million in the six months…

The troubled £10 billion Moorside nuclear plant project on the Cumbria coast has been thrown a potential lifeline. South Korea’s state utility Korea Electric Power…

Darlington-based van hire company Northgate Plc said its revenue increased 10.4% to £349.7 million in the six months to October 31 — but profit before tax…

Hadrian’s Wall and The Great Wall of China are to sign a collaboration agreement to increase the historical and cultural understanding of the two sites,…

Leeds-based WYG, the AIM-listed project management consultancy, said its revenue rose 3.8% to £76.2 million in the six months to September 30 but it swung to a…

Shares of Sheffield-based Benchmark Holdings, the aquaculture health, nutrition and genetics company, rose 5% after it said its revenues of £138 million were in line with…

At least £15 billion worth of construction projects will get under way in the North East of England over the next five years — but…

Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said its profit before tax rose 2% to £86.3 million in the year to September 30 and that…

Shares of Stockport-based beach holiday online retailer On the Beach Group plc rose 9% after it said its revenue increased 17.2% to £83.6 million and adjusted profit before…

The Co-op and Costcutter Supermarkets Group (CSG) confirmed an agreement that will see Co-op become exclusive wholesale supplier to CSG and the 2,200 Costcutter, Mace,…

Hull-based communications firm KCOM said its group revenue fell 8.5% to £151.3 million driven by expected decline in legacy activities within National Network Services and profit…

Shares of Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, fell more than 10% after it said CEO Ian Kellett will…

Shares of Leeds-based WYG, the AIM-listed project management consultancy, slumped 33% after it said on Friday it anticipates that operating profit for the full year “will be…

Sheffield-based software and hardware firm Servelec said late on Thursday a £224 million cash takeover offer from Montagu Private Equity for Servelec had so far received support…

Troubled Bradford-based subprime lender Provident Financial said its executive chairman Manjit Wolstenholme died suddenly on November 23 at the age of 53. Wolstenholme assumed the role of…

Mike Ashley’s Sports Direct International has called a general meeting for shareholders to vote on whether Ashley’s brother John should be paid £11 million by…

Newcastle-based software giant Sage Group, the UK’s largest tech company, said its “organic” operating profit rose 10.3% to £475 million as “organic” revenue rose 6.6% to £1.69…

Leeds-based engineering services group Renew Holdings said revenue rose 6.7% to £560.8 million and adjusted profit before tax rose 13.1% to £25.2 million in the…

Shares of Thirsk, North Yorkshire-based steel group Severfield rose 11% after it said its revenue rose 16% to £137.1 million and underlying profit before tax soared 59%…

Bolton-based online electrical retailer AO World said its revenue rose 13.3% to £368 million in the six months ended September 30, 2017. However, group operating loss was £12 million compared…

Swiss private bank Julius Baer, which is opening new offices in Manchester, Leeds and Scotland, said a number of new key hires have joined the…

Clydesdale and Yorkshire Bank owner CYBG said on Tuesday its underlying profit before tax rose 33% to £293 million in the year to September 30. CYBG…

Southport-based Ludlow Wealth Management has acquired Scottish financial management business Whyte Sharp as it looks to increase its business in Scotland. Ludlow advises clients across…

Manchester United plc said revenue for the 2018 fiscal first quarter ended September 30, 2017, rose 17% to £141 million in a period when it signed three new players…

Shares of Leeds-based leisure and logistics firm Dart Group, owner of Jet2.com and Jet2holidays, rose 8% after it said it is optimistic it will exceed market expectations of full-year…

Edinburgh and Newcastle-based Virgin Money said it will enter the banking market for small and medium-sized enterprises (SMEs) starting with a deposit account in January 2018…

Walmart said its Leeds-based subsidiary Asda enjoyed a second consecutive quarter of positive like-for-like growth. Walmart announced in its earnings for the third quarter that Asda reported…

The number of businesses in the North of England showing signs of growth is at its lowest for over five years, while the number showing…

The Competition and Markets Authority has provisionally concluded that Tesco’s £3.7 billion purchase of Booker does not raise competition concerns. This is a provisional decision and…

Members of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, voted narrowly in favour of Manchester-based Co-op Group’s offer to buy Nisa for…

Manchester Airports Group (MAG) priced a £300 million, 22-year bond with an annual coupon of 2.875% and order book that was more than three times…

Shares of York-based house builder Persimmon fell almost 4% after it said in a third quarter trading statement that achieving detailed planning consent for new developments…

Harrogate-based Vp plc, the equipment rental specialist, announced the acquisition of Brandon Hire Group Holdings Limited and its subsidiaries for £41.6 million in cash and…

Los Angeles-based private equity firm Leonard Green & Partners (LGP) said it will buy a controlling interest in Leeds-based Pure Gym Ltd, the UK’s largest gym…

Allied London’s recently completed Manchester development, No 1 Spinningfields, has been acquired by clients of Schroder Real Estate for more than £200 million. Schroder Real…

The Bank of England — the UK’s central bank — raised interest rates for the first time in more than 10 years on Thursday but…

Bradford-based supermarket group Morrisons said its third-quarter like-for-like sales excluding fuel were up 2.5%, “comprising contributions from retail of 2.1% and wholesale of 0.4%.” “We again worked hard…

Aon plc said it will acquire Leeds-based Henderson Insurance Broking Group. Terms have been agreed and Aon anticipates to complete the acquisition in December. Financial…

Walmart said Roger Burnley would take over as CEO at its Leeds-based subsidiary Asda on January 1, 2018, succeeding Sean Clarke who will leave the post after just…

Lancashire-based youth footwear and apparel retailer Footasylum said its initial public offering (IPO) at £1.64 per share raised gross proceeds of £65.4 million. Footasylum’s brands include…

The Port of Tyne has handled its biggest ever cargo of wood pellets with the arrival of the bulk cargo vessel St Dimitrios from Vancouver…

The UK’s Crown Estate has confirmed the sale of Altrincham Retail Park to clients of Orchard Street Investment Management for £63.05 million. “The Crown Estate,…

Edinburgh and Newcastle-based Virgin Money is set to be the only company in the FTSE 350 with an all-female leadership after the bank confirmed it…

The CEO of Edinburgh and Newcastle-based Virgin Money, Jayne-Anne Gadhia, has supported calls for a “ministerial board” that champions the economic benefits of gender diversity….

North Yorkshire-based power company Drax Group said it contributed almost £1.7 billion towards UK GDP in 2016 and supported more than 18,500 jobs across the country. Drax…

Australian investment firm AMP Capital — which owns 49% of Newcastle Airport — has agreed to acquire 100 per cent of Leeds Bradford Airport from…

Newcastle-based house builder Bellway said its profit before tax rose 12.6% to £560.7 million on revenue up 14.2% to £2.5 billion in the year ended July 31,…

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…

Lancashire-based youth footwear and apparel retailer Footasylum announced plans to float its shares on London Stock Exchange’s AIM market. The initial public offering is expected to…

Mike Ashley’s St. James Holdings Limited said in a statement it has put Newcastle United up for sale. The statement read: “As a result of increasing…

Shares of troubled Bradford-based subprime lender Provident Financial rose about 12% on Friday after it reported progress with its home credit business recovery plan in a trading…

Manchester-based fashion retailer N Brown Group said its revenue rose 5.6% to £453.4 million in the 26 weeks to September 2, with adjusted trading profit before tax…

Gateshead-based Vertu Motors plc said its revenues were unchanged at £1.45 billion for the six months ended August 31, 2017, but profit before tax was up 29.4%…

The board of Scunthorpe-based Nisa Retail Limited, the member-owned retail and wholesaling group, has unanimously recommended to its shareholders an offer of up to £137.5…

Defence company BAE Systems announced nearly 2,000 job cuts on Tuesday after orders for its Typhoon fighter jet slowed. Based on current orders for its…

This year’s Manchester International Festival was worth £40.2 million to the local economy, according to Manchester City Council. The Festival had more productions on offer, bigger audiences,…

A consortium led by construction group Interserve has been selected for an £85 million project by Durham University to finance, design, build and operate two…