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.
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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.