United Kingdom

Arathy S Nair

Founder of Britain's Superdry wins investor backing for board return

02 Apr 2019

The co-founder and former boss of Superdry, Julian Dunkerton, returned to the board and was appointed interim CEO on Tuesday after winning the backing of shareholders keen for a revival of the British fashion group's fortunes.

Majestic Wine scales back as sharpens focus on Naked Wines

25 Mar 2019

Majestic Wine PLC said on Monday it would sell some assets, close stores and review its dividend to focus on its growth engine, Naked Wines, as it seeks to fend off competition from discount markets and online rivals.

Kier names former Carillion CEO-designate to top job

19 Mar 2019

British builder Kier Group named former Carillion CEO-designate Andrew Davies to its top job on Tuesday as it strives to cut debt and respond to problems afflicting the wider outsourcing industry.

JD Wetherspoon flags higher costs, wages bite

15 Mar 2019

JD Wetherspoon Plc expects costs in the second half to be as high as in the first, Chairman Tim Martin said on Friday, after rising wages hit the budget British pub chain's profit.

Chief executive who built up Avast to retire

13 Mar 2019

Vince Steckler, the long-time chief executive of Avast who helped to develop the cyber security company, is to retire, overshadowing its first annual results since listing last May.

G4S gets interest in cash division, revenue misses expectations

12 Mar 2019

G4S has received interest from potential bidders for its cash business, it said on Tuesday, as the British company looks to revive its fortunes by focusing on its security operations.

UK building supplier SIG's profit jumps as cost-cutting pays off

08 Mar 2019

British building materials supplier SIG's cost-saving efforts helped it post a 25 percent jump in full-year profit, lifting its share price by 11 percent on Friday, although it warned sales could continue to fall in 2019.

Countrywide hit by Brexit effect on housing market

07 Mar 2019

Countrywide Plc on Thursday forecast flat earnings in 2019, citing uncertainty in the housing market due to Brexit, sending shares in Britain's largest estate agent down around 15 percent.

Debenhams warns on profit again as restructuring looms

05 Mar 2019

Debenhams warned on profit again on Tuesday, as the British department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans.

Anglo American core profit beats, on journey to 'zero harm'

21 Feb 2019

Anglo American reported on Thursday better than expected core earnings, driven by higher copper and coal prices, but said no financial performance was "worth a life" and its biggest challenge was eliminating danger at its mines.

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