Value of North West listed businesses close to £30bn, says Deloitte

Listed businesses in the North West added £800m to their collective market capitalisation in the last quarter, according to new data.

Research from multinational professional services firm Deloitte has shown that the value of the region’s plcs now stands just short of £30bn.

According to Deloitte’s latest North West Share Index, listed firms saw growth of 2.77% over the last three months.

Chris Robertson, the Deloitte partner in charge of North West plc activity, said: “It’s been a turbulent quarter for public markets globally, with the economic problems witnessed by China causing a minor decline in stock exchanges around the world.

“With this in mind, to see the North West performing so strongly, despite the adverse economic conditions, is extremely encouraging.”

He added: “The North West has demonstrated that the markets remain open for business, both with the outstanding growth figures achieved by JD Sports and Auto Trader, and the impressive £240m listing of On the Beach. Companies have shown they are resilient to global trends and have an optimistic outlook for the remainder of the year.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →