United Kingdom

James Davey

Store sales weigh on UK's Next, with fourth profit fall in prospect

21 Mar 2019

LONDON British clothing chain Next forecast a fourth straight fall in annual profit on Thursday as it grapples with the sector's structural shift from physical stores to online.

Kingfisher CEO to leave after profits go into reverse

20 Mar 2019

LONDON Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan that was designed to boost earnings.

Brexit crisis tipped for British asparagus as EU seasonal workers stay away

18 Mar 2019

ROSS-ON-WYE, England For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England. | Video

British parliament to vote on Brexit delay, PM seeks to revive her deal

14 Mar 2019

LONDON, March 14 Britain's parliament was due to vote on Thursday on whether to delay Brexit beyond March 29 and Prime Minister Theresa May prepared to push lawmakers to vote again before then on her EU divorce deal, which they have twice rejected.

Toilet rolls and painkillers - Britons stock up ahead of Brexit, Morrisons says

13 Mar 2019

LONDON Toilet rolls and painkillers are some of items Britons have started to stockpile ahead of a potential no-deal Brexit, supermarket Morrisons said on Wednesday, as it posted a rise in profit and paid its third special dividend in a year.

REFILE-As vote looms, Britain tells EU: Give ground or risk Brexit chaos

08 Mar 2019

LONDON, March 8 British Prime Minister Theresa May was planning to turn up the pressure on the European Union on Friday to break an impasse in Brexit negotiations with a speech saying the bloc would be damaged too if Britain left without a deal.

John Lewis cuts staff bonus ahead of Brexit

07 Mar 2019

LONDON Britain's John Lewis Partnership said it is as ready as it can be for Brexit, whatever scenario, after reporting a 45 percent drop in full year profit and cutting its staff bonus to the lowest level in 66 years on Thursday.

Britain's Greggs starts year on a roll with special payout promise

07 Mar 2019

LONDON British baker and takeaway food group Greggs said on Thursday it expected to pay a special dividend in July after a "very strong" start to 2019 as it reported a 10 percent rise in 2018 profit.

More woe for Sainsbury's as sales deteriorate

05 Mar 2019

LONDON Sales at Sainsbury's, Britain's No. 2 supermarket group, have worsened, industry data showed on Tuesday, adding to its woes after a brutal provisional regulatory view on its proposed 7.3 billion pound takeover of Asda.

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.

World News

White House defers on Mueller's report release, Democrats seek details

The White House said on Monday it was up to the Justice Department to decide whether detailed findings from Special Counsel Robert Mueller's Russia investigation will be released, a day after the top U.S. law enforcement official said President Donald Trump had been cleared of any conspiracy with Moscow.