Edition:
United Kingdom

Company Results & Outlooks

UPDATE 1-UK Co-op Group's profits hit by investment, pay rises and price cuts

LONDON, Sept 23 Britain's Co-operative Group , the mutually-owned supermarkets to funeral services group, reported a halving in half-year profits on Friday as it invested in stores raised pay for staff and cut prices to stay competitive in a cut-throat grocery market.

Profit at Britain's Co-op hurt by investment, pay rises

LONDON, Sept 23 Britain's Co-Operative Group , the supermarkets-to-funerals group, reported a 51 percent fall in underlying first half profit, reflecting its investment programme, staff pay rises and price cuts in its grocery business.

23 Sep 2016

Co-Operative Group cuts value of Co-op bank stake by 45 mln pounds

LONDON, Sept 23 Co-Operative Group ltd has lopped 45 million pounds ($58.60 million) off the valuation of its stake in Co-Op Bank, the company said on Friday, reflecting declining confidence in the lender's fortunes amid broader problems in the bank sector.

PRESS DIGEST- Financial Times - Sept 22

Sept 22 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Regulatory News 22 Sep 2016

Jet2.com launches new London flights on strong holiday demand

LONDON, Sept 21 British tour operator Jet2.com said it would start flying 21 new routes from London Stansted airport next year in a show of confidence in holiday demand despite an increasingly competitive European flight market.

21 Sep 2016

UPDATE 2-Zara owner Inditex outperforms rivals again

* Shares down 0.9 percent (Adds analyst comments, details, share price)

M&A, Regulatory News 21 Sep 2016

UPDATE 1-Saga customers carry on travelling despite Brexit

Sept 21 Britain's shock vote to leave the European Union has not dented demand for holidays among Britons over 50 years old, travel and insurance firm Saga said on Wednesday.

21 Sep 2016

UK insurer Saga sees little Brexit impact as H1 profits rise

Sept 21 British over-50s travel and insurance company Saga said a poll of its customers showed 99 percent of them would not reconsider their future holiday plans because of Britain's vote to leave the European Union.

21 Sep 2016

Diageo makes good start to new financial year

LONDON, Sept 21 Drinks maker Diageo said on Wednesday its 2017 fiscal year had started well, with the key drivers of improved top line growth being scotch whisky, U.S. spirits and India.

21 Sep 2016

Spain's Inditex H1 profit up 8 percent, just above forecast

MADRID, Sept 21 The world's biggest clothing retailer Inditex on Wednesday reported first half net profit up 8 percent from a year ago driven higher by strong sales as it focuses on flag-ship stores and its online platforms.

21 Sep 2016
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