Yorkshire team at LDC completes £100m in transactions in three months

Yorkshire Post

News across Yorkshire's business world from reporter Michael Crossland. LDC's Yorkshire team completes £100m in transactions in three months, while Burberry warns of slowdown.

Transcript

00:00 I'm Michael Crosland, Business Reporter with the Yorkshire Post and we've got a few bits of news

00:04 today from across the Yorkshire business world. So to start with the Yorkshire team of private

00:10 equity investor LDC has announced that it's completed transactions worth over £100 million

00:15 in the space of just three months. This has been made up of five transactions including an

00:22 investment in Boston Energy which is a Yorkshire-based service provider to the wind energy

00:27 industry. That transaction took place in July of this year and then later that month the team also

00:33 completed a minority investment in Sheffield-based Uni Homes. Dan Smith who's a partner with the firm

00:40 as well as head of Yorkshire at LDC said that the activity shows that despite an uncertain economic

00:45 backdrop ambition amongst business leaders here in Yorkshire remains as strong as ever. In some

00:51 other news across the Yorkshire business world today we've also seen fashion brand Burberry

00:56 warn of a global slowdown in demand for luxury goods. The company said that inflation has started

01:02 to hit wealthy customers. The firm said that if this continues it's likely to achieve its previous

01:08 expectations for low double-digit growth. Shares in the group fell as much as 11% this morning

01:15 following that announcement. Global green hydrogen pioneer Life which is spelled L-H-Y-F-E has also

01:22 announced that it's expanded its UK operations into South Yorkshire. The France-based multinational

01:28 company has opened an office in Sheffield which it says it will use to help identify opportunities

01:34 and to deploy production facilities to support businesses in their drive to net zero. That's

01:41 all we have at the minute I'm Michael Crosland reporting for the Yorkshire Post.

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