The value of North West鈥檚 listed companies have hit an all time high reaching 拢48bn.
Findings from Deloitte鈥檚 latest North West Share Index show that the total value of the region鈥檚 listed businesses included in the FTSE 100, FTSE 250, and FTSE Small-Cap indexes and quoted on AIM increased by three per cent to 拢48.4bn in Q2.
North West firms once again outperformed the national average, growing their combined market capitalisation by three per cent compared to under two per cent for firms across the country.
Following a strong start to the year, 40 of the 65 listed companies saw their values grow, comparable to the total of 43 in the previous quarter.
The continued growth in value of a number of companies in the region 鈥 notably AJ Bell, Boohoo.com Plc, and JD Sports, adding 拢322m, 拢263m, and 拢813m, respectively, in Q2 鈥 has been a driving factor behind the overall increase in total value.
The growth in share value was underpinned by another strong quarter in the retail sector, with the 11 companies in the region adding a combined 拢1.1bn.
Amidst difficult conditions for retailers across the country, the continued growth in value of the North West鈥檚 retail sector underlines the region鈥檚 resilience to national trends.
An impressive performance by Auto Trader Group saw its value increase by 拢243m to over 拢5bn, while JD Sports鈥 increase of 拢815m saw it become the region鈥檚 largest firm by market cap, overtaking United Utilities.
JD Sports鈥 notable increase was driven by the opening of 29 new stores in the quarter, primarily across Europe, Australia, and Asia-Pacific.
Andy Westbrook, practice senior partner for Deloitte in the North West, said: 鈥淔irms in the North West have once again had a strong quarter in comparison to the rest of the 海角视频.
"We have witnessed the continued growth in value of the retail sector 鈥 which now accounts for over 拢21bn of the total value 鈥 following a tough Christmas period.
鈥淎s we enter the second half of the year, uncertainties in Westminster could undermine strong performances of the region鈥檚 firms.
"However, the strong Q2 shows that the larger sectors in the North West achieved positive results despite political developments, which shows the underlying strength and resilience of the North West markets.鈥
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Bod Buckby, Head of 海角视频 Primary Markets 鈥 North, London Stock Exchange, said: 鈥淭hese findings underline the significant economic contribution of companies from the North West of England and their ability to grow using patient equity capital.
鈥淟ondon Stock Exchange Group is pleased to support companies of all sizes and sectors in the North West 鈥 including on AIM and the Main Market, via the ELITE initiative supporting the growth of private companies, and through our 1000 Companies to Inspire Britain reports.鈥
