Edition:
United Kingdom

Justin George Varghese

ConvaTec shares plunge on profit warning and CEO departure

15 Oct 2018

ConvaTec warned of lower sales and profitability and announced the departure of its CEO on Monday, sending shares in the British medical devices maker tumbling more than 30 percent.

Britain's Compass hires Kingfisher CFO in latest management reshuffle

11 Oct 2018

Britain's Compass Group Plc appointed Kingfisher's Karen Witts as its chief financial officer on Thursday, the latest in a series of management changes at the world's biggest catering firm following the sudden death of its CEO.

Royal Mail shares slide on profit and costs warning

01 Oct 2018

Royal Mail forecast a 20-28 percent drop in full-year profit in the face of worse than expected pressures on letter volumes and productivity, sending shares of the UK post and parcels company sliding more than 20 percent on Monday.

Indivior shares drop for second day as hopes for next blockbuster drug dim

27 Sep 2018

Shares of Indivior fell for a second straight day, as prospects for the British drugmaker's new potential blockbuster drug waned, months after revealing that its former market-leading opioid addiction drug lost market share to a generic rival.

Canada's Barrick Gold to buy Randgold for $6.5 billion

24 Sep 2018

LONDON Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use. | Video

Smiths and ICU Medical healthcare merger talks collapse

13 Sep 2018

British engineering firm Smiths Group Plc said on Thursday talks with U.S.-based ICU Medical Inc over a possible 7 billion pound-plus merger of their healthcare businesses had fallen through.

RPT-UPDATE 2-Gambling firm GVC sees U.S. market as a sound bet

13 Sep 2018

Sept 13 The United States will be the biggest regulated market for Europe's leading gambling companies within five years, GVC Holdings Chief Executive Kenny Alexander said on Thursday after reporting another decline in UK retail revenue.

Higher gas prices and hot summer take wind out of SSE's sails

12 Sep 2018

British power company SSE Plc warned this year's hot and calm weather and higher gas prices had already knocked 190 million pounds off profits from its earlier plans, sending its shares nine percent lower.

London court tells Sports Direct to hand over papers in audit inquiry

11 Sep 2018

The High Court in London said on Tuesday that Britain's Sports Direct must hand over documents relating to an investigation into how an auditor compiled its 2016 accounts.

Weak pound lifts profit hopes at equipment hire firm Ashtead

11 Sep 2018

Industrial equipment rental firm Ashtead Group expects to beat its previous full-year profit expectations thanks to a weaker sterling and will increase its share buyback programme, it said on Tuesday, sending its shares up as much as 6 percent.

World News

Trump briefed on Khashoggi murder by CIA, Pompeo

U.S. President Donald Trump, while flying to California on Saturday, was briefed on the murder of Saudi journalist Jamal Khashoggi after a CIA assessment that Saudi Crown Prince Mohammed bin Salman ordered the killing, the White House said.