Edition:
United Kingdom

Esha Vaish

28 Mar 2017

Genel shares hit all-time low as oil reserves disappear

Genel Energy's market value collapsed to an all-time low on Tuesday after it said for a second time that its flagship oilfield contains less crude than expected, dealing another blow to chairman Tony Hayward to rescue the indebted Kurdish producer.

28 Mar 2017

Wolseley to change name to U.S. brand Ferguson, reflecting regional focus

Heating and plumbing supplier Wolseley is changing its name to match its U.S. brand of Ferguson, a business that accounts for 84 percent of its trading profit, and is also pulling out of the Nordic region.

23 Mar 2017

Brexit delaying major UK infrastructure projects, Kier says

Britain's move to leave the European Union is delaying major UK infrastructure projects from tower blocks and power stations to new roads and rail lines, construction and services company Kier Group said on Thursday.

21 Mar 2017

Google apologises to ad clients for YouTube content fiasco

Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites. | Video

20 Mar 2017

Google apologises to ad clients for YouTube content fiasco

Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.

20 Mar 2017

Google apologizes to ad clients for YouTube content fiasco

Google apologized on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites. | Video

20 Mar 2017

Phoenix Group seeks assets in 300 billion pounds UK pensions market

Phoenix Group Holdings , Britain's largest owner of life assurance funds closed to new customers, plans to buy more such assets, in a market which its chief executive said was worth about 300 billion pounds ($372.3 billion).

16 Mar 2017

SIG to sell assets, names new CEO to lead turnaround

British building materials supplier SIG named a new CEO on Tuesday, and said it planned to sell assets and review costs as it battles to recover from weak trading in its UK insulation, interiors and offsite construction businesses.

15 Mar 2017

Recruiter Robert Walters looks outside UK for growth after Brexit

Recruiter Robert Walters sees a more challenging jobs market in Britain after Brexit and expects its U.K. operations to become a smaller part of its business over the next few years as it seeks international expansion.

09 Mar 2017

Builders turn to bolt-together homes in Brexit Britain

The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labour.

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