United Kingdom

Company Results & Outlooks

UPDATE 3-Royal Bank of Scotland profit milestone overshadowed by DOJ impasse

* Shares fall more than 4 percent (Adds details on CEO tenure, DOJ timing)

NatWest Markets makes Q4 loss as RBS returns to profit

LONDON, Feb 23 (IFR) - NatWest Markets made a £159m operating loss in its core business in the fourth quarter after a 10% fall in income from a year earlier as it suffered from the same "challenging market conditions" that hurt trading at bigger rivals.

23 Feb 2018

UPDATE 2-William Hill ponders Australia exit after charges put it in red

* Reviewing Australia business; exit under consideration - CEO

23 Feb 2018

High share price lets Sika offer better deal to family-CEO

ZURICH, Feb 23 Sika's high share price provides scope for the Swiss construction chemicals group to offer its controlling family shareholders a better buyout offer than one the clan has agreed with France's Saint-Gobain , Sika's CEO said.

M&A 23 Feb 2018

UPDATE 2-Education group Pearson sees brighter future with new "Spotify" approach

LONDON, Feb 23 Educational publisher Pearson expects its underlying profit to increase for the first time in six years in 2018 after rebuilding its business for students of the "Spotify generation" who want to rent rather than buy books.

Regulatory News 23 Feb 2018

UPDATE 3-Britain's Standard Life Aberdeen sells insurance unit to Phoenix

* SLA Chairman Grimstone to stand down next year (Adds detail from statements, Phoenix CEO comment, analyst quotes, background)

M&A, 23 Feb 2018

UPDATE 2-British Airways parent IAG confident on outlook but Q4 disappoints

LONDON, Feb 23 British Airways owner IAG expressed confidence about 2018 on Friday and pledged more cash for shareholders but a fall in fourth-quarter profit sent its shares lower.

23 Feb 2018

UPDATE 1-Satellite firm SES cuts dividend in "challenging" market

Feb 23 Luxembourg-based SES said on Friday it was cutting its dividend by 40 percent, in a bid to strengthen its balance sheet after a year marked by the loss of one of its satellites and intense competition for its video business.

M&A, Regulatory News 23 Feb 2018

Pearson in talks to sell U.S. K12 business, hits 2017 profit target

LONDON, Feb 23 Educational publisher Pearson said on Friday it was in talks with potential buyers to sell its K12 school business in the United States, as it reported 2017 adjusted operating profit at the top end of its guidance.

23 Feb 2018

IAG profit rises 19 pct, to return 500 mln euros through buyback

LONDON, Feb 23 British Airways owner-IAG posted a 19 percent rise in annual profit on Friday, broadly in line with expectations, and said it expected a further improvement in profit this year, as it announced a 500 million euro share buyback.

23 Feb 2018