N Brown, Victorian Plumbing and Boohoo CEO's bonus boost - Your weekend BusinessLive newsletter

Latest North West business news Read in browser North West Enterprise Tech Retail | Sign In Welcome to your BusinessLive North West weekend newsletter Welcome to the latest edition of our BusinessLive North West weekend email newsletter - a chance to get up to speed on what's been happening - as we

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Welcome to your BusinessLive North West weekend newsletter Welcome to the latest edition of our BusinessLive North West weekend email newsletter - a chance to get up to speed on what's been happening - as well as a look at what's to come. This week saw shares in N Brown, the retail giant between JD Williams, Simply Be and Jacamo, surge after it reported its full-year results. The Manchester-headquartered company's share price rocketed by 25% revealing its profits jumped by £10m. The rise in profits was achieved despite a fall in revenue. Read the full story here

Have you seen our BusinessLive North West LinkedIn page? it was a tougher week for Victorian Plumbing as it braced for a "modest" growth in revenue during the second half of its financial year because of the "ongoing inflationary cost pressures". The Skelmersdale-headquartered firm added it remains "acutely aware that our customers are also managing these pressures" and that it will continue its "careful approach to price rises". Founder and chief executive Mark Radcliffe said that Victorian Plumbing "remains the go-to online retailer for consumers who are looking for bathroom products". Read the full story here BusinessLive also reported that the chief executive of Boohoo could receive a bonus worth 200% of his £652,000 salary if he meets a number of targets over the next three years. The group has unveiled a new long-term incentive plan (LTIP) in its annual report which would see John Lyttle benefit if various targets such as revenue, earnings growth and ESG markers are achieved. Mr Lyttle would also gain £50m if the company's stock market capitalisation increased to £5.6bn by 2024. Read the full story here Plans were also unveiled this week for a £30m office building in south Manchester, which would be one the UK's lowest carbon workspaces, have been outlined. Bruntwood Works is behind the proposal for land at Didsbury Technology Park that would be called The Ev0 Building if Manchester City Council gives the scheme the green light. If planning permission is granted, Ev0 would be set over 82,000 sq ft across six floors and sit between the Sir William Siemens House, Spire Hospital and Bruntwood Works' Ohm Building. Read the full story here Have a great rest of your weekend! Jon Robinson, North West Business Editor

More writing from our network Begbies Traynor hails full-year results as revenue passes £100m Boss of The Stranger, It's a Sin and Happy Valley maker Red Production Company steps down THG signs deal with tech platform used by Sainsbury's, Porsche and Homebase Agency used by River Island, Cath Kidston and Michelin to create 30 jobs​​​​​​​

Get in touch with us! Is there something specific you'd like us to write about or just some feedback to share? Send an email to Jon Robinson.

Next week's business diary Monday, May 23 - Trading update: Kingfisher Tuesday, May 24 - Finals: Cranswick, HomeServe, Speedy Hire - Interims: On the Beach, Shaftesbury, SSP Group, Topps Tiles - AGMs: The Restaurant Group, Shell, WPP Wednesday, May 25 -  Finals: De La Rue, Marks & Spencer, Pets at Home, Severn Trent, SSE. - Interims: Hollywood Bowl. Thursday, May 26 -  Finals: Auto Trader, Johnson Matthey, PayPoint, Ted Baker, United Utilities - Interims: AJ Bell  - AGMs: Legal & General, OnTheMarket, Prudential Friday, May 27 -GMs: AG Barr, Hostmore, Oxford Biomedica; Spectris See more stories

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