United Kingdom

Justin George Varghese

G4S open to offers for cash business after split approved

09 Aug 2019

G4S will look at offers for all or part of its cash transport business after its board approved hiving it off into a separate company in the first half of 2020.

Sirius Minerals suspends crucial $500 million bond sale, shares plunge

06 Aug 2019

Sirius Minerals Plc has suspended a planned $500 million bond sale that is central to the funding of its polyhalite mining project in northern England, sending shares in the fertiliser maker down more than 30%.

UPDATE 2-Pets at Home sees upbeat profit as demand for pet food, vet services rise

02 Aug 2019

* Retail sales up ~9%, vet revenue ~19% (Adds context on wider retail sector, analyst comments, shares)

De La Rue shares dive on UK fraud office corruption probe

23 Jul 2019

The UK Serious Fraud Office (SFO) has opened a criminal investigation into passport and banknote printer De La Rue over "suspected corruption" in its business in South Sudan, sending its shares plunging to 16-year lows.

British manager Woodford's flagship fund to remain suspended

02 Jul 2019

LONDON British fund manager Neil Woodford will keep his flagship 3.7 billion pound fund frozen for a second month running, leaving hundreds of thousands of small savers without access to their money.

WPP in exclusive talks to sell Kantar stake to Bain Capital

01 Jul 2019

WPP is in exclusive talks to sell a majority stake in its data analytics unit Kantar to private equity firm Bain Capital, it said on Monday, in a $4 billion deal aimed at steering the world's biggest advertising company back to growth.

France's Orange raises $616 million with sale of its BT stake

28 Jun 2019

PARIS French telecom giant Orange said it had sold its remaining 2.5% stake in BT , raising net proceeds of 486 million pounds ($616 million) as the former state monopoly faces a battle for market share in France.

France's Orange to sell remaining stake in BT

27 Jun 2019

BT Group said on Thursday its third-biggest investor Orange would sell its remaining 2.5% stake, valued at over $600 million, in the former British telecoms monopoly.

Lookers shares hit seven-year low as watchdog probes sales practices

25 Jun 2019

Shares in Lookers Plc slid to their lowest in over seven years on Tuesday after the car dealership said Britain's financial watchdog is investigating its sales processes over the last three years.

HSBC opens in Apple's home town, plans 50 new U.S. branches

17 Jun 2019

The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California.

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