Biggest ever commercial property letting in Leeds
The UK Government’s Cabinet Office has announced that 7 & 8 Wellington Place in Leeds will be the location of a brand new Government Hub…
UK
Eddie Stobart half-year revenue rises to £287m
Logistics firm Eddie Stobart said its reported revenue increased 7.6% to £286.8 million in the six months ended May 31, 2017, as it delivered its first…
New bank backed by Warrington Council opens
The challenger bank backed by Warrington Borough Council has opened for business just more than four months after securing its initial banking licence. Warrington Borough Council…
Newcastle’s Grainger buys £80m Salford development
Newcastle-based Grainger plc, the UK’s largest listed residential landlord, said it agreed, subject to planning, to acquire a private rented sector (PRS) build-to-rent development at Gore…
TSK to create Kellogg’s HQ at MediaCityUK
Kellogg’s said it appointed workplace specialist TSK to create its new 46,000-square foot UK headquarters in MediaCityUK in Manchester. “The appointment comes as last month…
£160m Sellafield contract for Amec, Interserve
OneAIM, a joint venture between Amec Foster Wheeler and Interserve, has won a four-year £160 million contract to support reprocessing plants and facilities at the…
Revolution Bars rebuffs Deltic amid Stonegate bid
Manchester-based Revolution Bars Group on Tuesday rejected a merger approach from nightclub company Deltic Group and said it would continue to discuss a £100 million takeover…
Yorkshire & Humber ‘has fastest growing output’
Yorkshire & Humber became the fastest growing region in England and Wales in terms of output in July, according to the latest Lloyds Bank Regional…
OK for Leeds Beckett £75m creative arts building
Leeds Beckett University said it has received planning permission for its new £75 million Creative Arts building. The university said the 14,500 sq m development…
Mace in for £330m Manchester Town Hall revamp
International construction firm Mace said it has been appointed as the project manager for the £330 million repair and upgrade project at Manchester’s iconic Town Hall…
Revenue up to £242 million at Doncaster’s Polypipe
Doncaster-based plastic piping and ventilation systems manufacturer Polypipe Group plc said its revenue rose 8.4% to £242 million and profit before tax rose 5.3% to £31.5 million in the six…
H1 revenue at Sheffield’s SIG up 4.7% to £1.44bn
Sheffield-based European building products distributor SIG said its statutory revenue rose 4.7% to £1.44 billion in the six months to June 30 but it made a statutory…
Bellway expects housing revenue +13% to £2.5bn
Newcastle-based house builder Bellway said in a trading update it expects its housing revenue to increase by more than 13% to £2.5 billion for the…
Pets At Home Q1 revenue rises 5% to £256.5m
Shares of Chesire-based Pets At Home, the retailer of pet food, accessories and veterinary services, rose about 8% after it said its revenue grew 5% to…
Leeds Building Society savings balances hit £12.5bn
Leeds Building Society said strong mortgage growth drove a 9% increase in profit before tax to a record £63.2 million in the first half of 2017….
Swiss bank Julius Baer opens in Manchester, Leeds
Swiss private bank Julius Baer said it is opening new offices in Manchester, Leeds and Glasgow and it has hired a number of experienced relationship…
B&M in £152m deal to buy Heron Food Group
Liverpool-based B&M European Value Retail said it is acquiring East Yorkshire-based discount convenience retailer Heron Food Group Limited for up to £152 million. Heron operates predominantly…
North West firms’ market value up 5% to £43.7bn
UPDATE 1 — The North West’s listed companies added £2.1 billion to their stock market values in the second quarter of 2017, according to Deloitte….
Skipton savings balances up to £14.6 billion
Skipton Building Society said it increased its membership by almost 26,000 to more than 886,000 and recorded a 19% increase in underlying group profit before tax…
Stonegate in £100m offer for Revolution Bars
Manchester-based Revolution Bars Group plc said it received a conditional proposal from Slug & Lettuce owner Stonegate Pub Company Limited to acquire Revolution “on a recommended…
Feed, food and fuel firm NWF revenue soars to £556m
Chesire-based NWF Group plc, the agricultural and distribution business that delivers feed, food and fuel across the UK, said revenue rose 19.3% to £555.8 million,…
Greggs plans ‘Drive-Thrus’ as H1 sales rise to £453m
Newcastle-based bakery and “food-on-the-go” retailer Greggs said its sales for the 26 weeks to July 1, 2017, grew 7.3% to £453 million, with like-for-like sales in…
Stobart aircraft leasing buys three jets for $56m
Stobart Group said its aircraft leasing business Propius Limited signed an agreement with a special purpose company managed by GOAL German Operating Aircraft Leasing to…
Legal move as Gateshead’s Sevcon bought for $200m
Nasdaq-listed Gateshead company Sevcon, which makes components for low carbon vehicles, said it agreed to be acquired by Michigan-based BorgWarner for $22 per share in cash. “The total…
Balfour Beatty, Carillion win HS2 contracts
Infrastructure and construction group Balfour Beatty said that it was awarded two contracts by High Speed 2 (HS2) — the UK’s planned high speed rail…
High speed rail confirmed for north of England
UK Transport Secretary Chris Grayling has confirmed plans to extend Britain’s HS2 high speed rail lines from Birmingham to the North-West, East Midlands and Yorkshire. The…
Education spurs Manchester fashion boom
Move over London, Paris and New York — Manchester is catching up fast as an international fashion business hub. Manchester is now home to a…
Endless buys corporate travel firm CTI
Leeds-based private equity investor Endless LLP said it acquired a majority stake in Manchester-based business travel management company CTI for an undisclosed sum. The deal,…
€1.6bn Dutch rail contract for Sunderland’s Arriva
Sunderland-based passenger transport giant Arriva — part of Deutsche Bahn — announced it will operate the regional rail transport in the north of the Netherlands for another 15…
N Brown takes £40m hit for ‘flawed’ insurance
Shares of Manchester-based fashion retailer N Brown Group fell almost 4% after it announced that it “identified flaws in certain general insurance products which were…
Dart revenue £1.73bn, but shares fall amid Brexit fear
Leeds-based leisure and logistics firm Dart Group said its revenue rose 23% to £1.73 billion in the year to March 31 but profit before tax fell…
Manchester Airports Group revenue up to £838m
Manchester Airports Group (MAG) said its revenue rose 7.7% to £838.4 million and operating profit before significant items rose 9.1% to £210.2 million in the 12 months ended March…
Tesco-Booker deal to face in-depth investigation
The UK’s Competition and Markets Authority (CMA) announced that the proposed merger between Tesco and Booker is being referred for an in-depth, phase 2 investigation. The CMA said…
£100m Manchester Airport logistics plan under way
Icon Industrial, a logistics-focused joint venture formed by TPG Real Estate and Stoford Developments, said it acquired a 45-acre brownfield site adjacent to Manchester Airport…
Lake District wins World Heritage List status
Cumbria’s Lake District has been added to UNESCO’s World Heritage List. “Located in northwest England, the English Lake District is a mountainous area, whose valleys have…
CBI: ‘Stay in single market until Brexit deal’
The Confederation of British Industry (CBI) has warned that the UK needs to stay inside the single market and customs union until a final Brexit…
Sales up 23% to £500m at Yorkshire’s NG Bailey
West Yorkshire-based NG Bailey, the family-owned engineering, IT and facilities services firm, said its sales increased 23% to £500 million and operating profit doubled from £6…
Manchester global city plan ‘adds £2.2bn to economy’
Leaders from the private and public sectors have joined together to launch the Greater Manchester Internationalisation Strategy, a three year framework for action which they…
Persimmon H1 revenue up 12% to £1.6bn
York-based house builder Persimmon said its revenue grew 12% to £1.66 billion in the six months to June 30 and that “consumer confidence remains resilient…