Latest data from Deloitte reveals an increase in overall value of listed companies in the region, from £48.4bn in Q2 to a current total of £50.8bn
Listed companies in the North West have continued to increase their value in the third quarter of 2019, adding £2.4bn to their total market capitalisation, according to Deloitte.
The accountancy firm’s latest findings from the North West Share Index show an increase in overall value of listed companies, from £48.4bn in Q2 to a current total of £50.8bn. It shows the total value of the region’s businesses included in the FTSE 100, FTSE 250 and the FTSE Small-Cap indexes, and quoted on AIM.
It also reveals the North West has performed particularly well compared to the rest of the UK, with 26 of the regions 62 listed companies adding to their overall value. The region’s listed companies have seen a five per cent rise in value, compared to a national rise of 0.11% across the FTSE All Share Index.
The region’s best performers in Q3 include Liverpool-based manufacturing firm Surface Transforms, which saw a 52% rise in its value, following a recent contract win to supply a German automotive company. James Cropper, a manufacturer of advanced materials and paper products, also saw a 30% increase.
Despite more challenging times across the retail market, some North West listed retailers saw their values rise considerably. Boohoo saw a 26% rise in its total value, with record sales of over £1bn announced in September. JD Sports also achieved growth of 28%, following a global 47% rise in profits over the summer.
Andy Westbrook, senior partner for Deloitte in the North West, said: “Listed companies in the North West have continued to grow in Q3 following a successful Q2. It is interesting to see the growth trend of the region’s retailers and manufacturers in particular, despite changing markets and the underlying pressures.”