Northern Financial Review

Liverpool City Council is set to receive a £55 million investment boost from Homes England to accelerate the regeneration of Central Docks — the largest…

Sheffield-based British Business Bank, the UK’s economic development bank, has agreed a second portfolio increase of £100 million to Manchester-based specialist commercial lender DF Capital’s…

Almost £110 million is to be invested in the Liverpool City Region bus network, Mayor Steve Rotheram announced. If agreed at next week’s meeting of…

French utility Engie has joined forces with Canada’s second-largest pension fund in an effort to buy Warrington-based Electricity North West (ENWL), according to a Reuters report. Electricity North…

Essar Energy Transition (EET) announced the launch of EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP) to be built at its…

The construction of 750 new affordable homes on the Durham Coast is under way — marking the next milestone in the development of the county’s…

Leeds-based liquid medicines firm Rosemont Pharmaceuticals saif it acquired Sabal Therapeutics and its affiliates Metacel Pharmaceuticals, Palmetto Pharmaceuticals, Athena Bioscience and Sarras Health, a group…

Mayor Andy Burnham has unveiled detailed plans to “turbocharge growth in Greater Manchester” with a new technical education route, the Greater Manchester Baccalaureate — known as the…

Leeds-based Jet2 plc said its revenue increased 24% to £6.255 billion in the year ended March 31, 2024, with profit before taxation soaring 43% to £529.5 million….

Sheffield-based affordable house builder MJ Gleeson plc said it has set out a new strategy including a scale-up of its Gleeson Homes business “including an objective of…

Manchester City Council has announced details of interim arrangements which will be put in place while a new permanent chief executive is recruited. Eamonn Boylan…

Runcorn-based workwear and textile firm Johnson Service Group (JSG) said on Wednesday its group revenue for the six months to June 30, 2024, is expected to rise…

Newcastle-based housebuilder Bellway plc has made a higher all-share approach to buy smaller rival Crest Nicholson Holdings Plc worth about £720 million. Bellway now has…

Pictet Alternative Advisors, the alternative investment business of the Pictet Group, said its direct private equity team has acquired Newcastle-based Technology Services Group (TSG), a…

Begbies Traynor Group plc, the Manchester-based business recovery and financial advisory firm, confirmed its revenue increased 12% to £136.7 million in the year ended April 30,…

York-based Aptamer Group plc, a developer of novel Optimer binders to enable innovation in the life sciences industry, published an update on its partnership with Unilever…

Shares of ITM Power, the Sheffield-based green hydrogen and energy storage firm, rose as much as 16% after it announced that it signed “a 500MW capacity…

Financial firms in the North of England have responded to the Labour Party’s emphatic win in the UK general election and what it means for…

The CEO of Assura plc, the Altrincham-based FTSE 250 healthcare real estate investment trust (REIT), said the UK’s healthcare crisis is “getting more severe by the…

Shares of South Yorkshire-based software company IntelliAM rose more than 10% on their debut on the Aquis Stock Exchange Growth Market on Wednesday.  Its shares…

York-based Aptamer Group plc said it signed a new agreement with pharmaceutical giant AstraZeneca to evaluate fibrotic liver delivery vehicles for small interfering RNS, known as…

Shares of North Shields-based wholesaler Kitwave Group fell 12% after it published results for the six months ended April 30, 2024, showing revenues up 8% to…

Proposals to run new train services between Manchester, the West Midlands and London Euston have been unveiled by rail operator London Northwestern Railway. Under the…

Supreme plc, the Manchester-based supplier of vaping and fast-moving consumer goods, doubled its annual profit, but its shares dipped 5% on Tuesday in the shadow…

Shares of Runcorn nano-material firm Nanoco Group plc fell 24% after it announced that it would not get a follow-on order from a major customer….

Manchester Airport Group Investments Limited (MAGIL) said its revenue rose 20.5% to £1.237 billion in the 12 months to March 31, 2024, which resulted in an…

US-based Brighton Park Capital said it has invested $112 million in PortSwigger, an application security software provider, to help it grow.  It is the first…

Teesworks Ltd has reached an agreement with battery storage specialist Energy Optimisation Solutions to build a Battery Energy Storage System on a three-acre plot at…

The North East Business and Innovation Centre (BIC) said research has revealed it has provided a £2.5 billion boost to the region’s economy since opening…

Student Roost, the third-largest student accommodation provider in the UK, said it has acquired two sites with planning permission for purpose-built student accommodation in Manchester…

Croda International, the Snaith, East Yorkshire-based FTSE 100 specialty chemicals giant, said it has appointed Stephen Oxley as Chief Financial Officer and Executive Director. A…

Leeds-based supermarket giant Asda said it delivered a pre-tax profit of £180 million for 2023 compared with a loss before tax of £432 million in…

Manchester Metropolitan University has appointed Bridget Lea as Pro-Chancellor and Chair of its Board of Governors. Mancunian Lea is a Manchester Met alumna and has…

Stockport-based musicMagpie reported sharply lower sales and a slightly smaller loss before tax for the first half of the year, as it stopped selling items…

Be.EV, the Manchester-based electric vehicle charging network, said it secured £55 million in funding from NatWest and the German KfW IPEX-Bank. “This substantial investment will not…

Rotherham-based land developer Harworth Group plc said it exchanged contracts to sell 48 acres of land at its Skelton Grange site in Leeds for £106.6…

Foresight Group, the regional private equity investment manager, has led a £2.2 million growth capital investment into Cavero Quantum Ltd alongside co-investor Northern Gritstone. Cavero…

Shares of Doncaster-based defence systems, fork arms and petrol station superstructures manufacturer MS International plc rose about 8% to £11.10 after it said its revenue rose 30%…

North Yorkshire power generator Drax Group has reached agreement for the sale of up to 90,000 Small & Medium-sized (SME) customer meter points from its…

Only four of the 20 English Premier League football teams made a pre-tax profit this season, according to an annual review by accountants Deloitte, as…

Manchester consumer products company PZ Cussons plc said it expected full-year results in line with expectations, despite problems caused by the devaluation of Nigeria’s currency,…

Manchester-based HSS Hire Group plc said revenue this year was higher than the same period last year and full-year profit would be in line with…

Bolton-based electrical retailer AO World plc reported a dip in annual sales as the cost-of-living crisis ate into consumers’ spending, but its profit rose due…

Professor Shearer West has been appointed as the Vice-Chancellor and President of the University of Leeds, taking up the role from November 1, 2024. Professor…

Small-business investor BGF is to put £11.5 million into Tevalis, a Hull-based company selling electronic point of sale (EPOS) software to the leisure and hospitality…

Bradford-based supermarket giant Morrisons said sales excluding fuel rose in the latest quarter and EBITDA for the first half of the financial year jumped 16%….

Gateshead-based Vertu Motors plc said it sees results for the current financial year in line with market expectations.  The UK automotive retailer, which has a…

York-based online musical equipment retailer Gear4music said annual sales fell in the latest financial year as consumers’ disposable income was reduced by inflation and high…

Newton Aycliffe-based offshore energy services firm Tekmar Group has announced board and leadership changes in line with its succession planning. Richard Turner, 45, will join Tekmar…

Growth investor BGF has announced a successful exit of Teesside-based Datum360, a Connected Data platform that allows large asset owners to access engineering information and asset…

Supreme plc, the Manchester-based manufacturer and supplier of vaping and fast-moving consumer goods, said it has acquired Acorn Topco Limited, the parent company of Clearly…

SIG plc, the Sheffield-based international building and insulation materials supplier, lowered its profit outlook for the current financial year, citing sales declines in “challenging” market…

Manchester-based online retailer THG said on Monday it agreed to sell its portfolio of luxury goods websites to Frasers Group for an undisclosed sum.  THG…

Social impact developer Capital & Centric has set its sights on Gateshead as part of an expansion plan to take its brand of regeneration to…

Tyneside Cinema, Newcastle’s only independent cultural cinema, has secured its short-term future with a £700,000 loan from the North East Social Investment Fund. “This money…

The board of Wakefield-based greeting card and gift retailer Card Factory said it will “engage with shareholders” after 24.87% of votes at its AGM opposed the…

Rotherham-based land developer Harworth Group plc said it completed the sale of a serviced land parcel at Benthall Grange, its major mixed-use development on the…

Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, said it has secured a new long-term contract with Amey Group Services worth up to…

NCC Group, the Manchester-based global cyber security firm, on Thursday said it expected full-year adjusted profit to be higher than analyst estimates, as the company’s…

Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, reported a drop in full-year sales but said growth would return in the second half…

Severfield, the Thirsk, North Yorkshire-based steel group, reported lower revenue for the financial year, but higher profit, excluding some one-off items.  The company reported revenue…

Green hydrogen developer Meld Energy has received approval from the East Riding of Yorkshire Council to construct a £250 million, 100 megawatt green hydrogen production…

Gateshead-based NEL Fund Managers has established a new office in Teesside to help maximise its investment presence across the North East of England. NEL has…

Housebuilder Beal Homes is to bring more than 500 new homes to the growing community on the south bank of the Humber after plans were…

Peel Ports, which owns and operates Liverpool’s dockyards, said it is looking for a commercial partner to develop a historic 100,000 square foot dock on…

Durham-based Atom Bank, the UK’s first app-based bank, reported a six-fold jump in annual operating profit in the last financial year, as its mortgage loan…

Cheshire-based Tatton Asset Management plc said it is aiming to almost double its assets under management over the next five years, after reporting higher annual…

Liverpool Cruise Port operator Global Ports Holding plc, confirmed on Monday it is considering a possible “take private” cash offer from its controlling shareholder Global…

Manchester-based housing association Great Places Housing Group has announced successful bidders for its latest four-year Innovation Chain North (ICN) framework of contractors and consultants. The new…

Moody’s Ratings announced it has withdrawn Warrington Borough Council’s ba1 Baseline Credit Assessment as well as its Baa1 senior unsecured and long-term issuer ratings “due…