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Top story
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Profits shoot up at Persimmon
Housebuilder Persimmon has said maximising sales revenue and "firm" cost control were drivers behind its "excellent performance" for the year ended December 2010 when its underlying pre-tax profits rose by £88m to £95.5m. Revenue during the year increased by 10.5 per cent to £1.57bn and the York-headquartered business said it was well-placed for the upturn in the housing market "when it occurs".
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Deals
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Share placing for Findel
Findel has placed 5.8 million shares on the London Stock Exchange. The move could generate gross proceeds of £495,000 for the Ilkley-based home retail group, Findel said.
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Hygequip eyes expansion after funding deal
Sheffield-based hygiene product wholesalers Hygequip Europe has expanded its UK business backed by a £150,000 funding line from NatWest. The financial package includes a £100,000 Enterprise Finance Guarantee (EFG) loan.
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Property
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Hammerson signs with Leeds for MIPIM
Property developer Hammerson has agreed a deal with Marketing Leeds to sponsor the Leeds city region’s presence at MIPIM 2011, the international property exhibuition running next week in Cannes.
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Distribution hub deals dominate industrial take-up - DTZ
Non-food retailers were the dominant players responsible for the take-up of Yorkshire and Humberside's grade A industrial space in the final quarter of 2010, according to a report by DTZ.
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Work starts on £15m Yorkshire Water scheme
Yorkshire Water has started work on a £15m scheme to upgrade its Rivelin Water Treatment Works near Sheffield.
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House prices slump in Yorkshire
There has been an annual property price decrease of 2.6 per cent in Yorkshire and the Humber, taking the average property value in the region to £121,844. That's according to data from the Land Registry's 'House Price Index'.
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Business
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Profits boost for Provident
Bradford-based Provident Financial has posted a boost in pre-tax profit which rose to £142m in 2010 - 13 per cent up on 2009's £125.7m. The home credit provider also said customer numbers went up by 5.7 per cent to 2.41 million.
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Hammond launches high-speed rail consultation
The government has launched a five-month consultation into the proposed high-speed rail link between London and Scotland via Birmingham, Manchester, Leeds and Newcastle.
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The new Manufacturing Agenda - Book your tickets now
Insider is to host a manufacturing breakfast debate on 22 March at the Advanced Manufacturing Park in Rotherham.
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The Variety Club Yorkshire Property Awards entries open
Entries are now open for the Yorkshire Property Awards, organised by the Variety Club. The region’s leading property developers, agents, financiers and professionals will come together at a black tie dinner at the Rudding Park Hotel, near Harrogate, on 5 May.
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