Edition:
United Kingdom

Justin George Varghese

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.

Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

17 Jun 2019

LONDON Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business.

Kier sinks after report of discounted sale of housebuilding arm

14 Jun 2019

Shares in Britain's Kier fell more than 35% on Friday to a record low after the Times newspaper reported the construction and services group was rushing to sell its housebuilding business at a discount to cut mounting debt.

Mitie sees further growth after beating 2018 forecasts

06 Jun 2019

Mitie Group Plc surpassed its guidance for full-year profit on Thursday and predicted solid growth this year after weathering a tough period for British outsourcers by cutting costs and focusing on its core businesses.

BT to close most of UK office locations under new CEO

05 Jun 2019

Britain's former telecoms monopoly BT will consolidate its UK offices from 300 locations to roughly 30 sites while pressing ahead with plans to leave its St Paul's headquarters in London, the company said on Wednesday.

Kier profit warning, rising debt doubts trigger share slump

03 Jun 2019

Construction and services group Kier's shares fell 40% to their lowest level in two decades on Monday after a profit warning from the British firm, whose mounting debts also fuelled fears of a dividend cut and another funding-raising.

Bovis Homes no longer in talks over Galliford units

28 May 2019

News of a 950 million pounds bid for the residential units of builder Galliford Try plc drove shares in the company 8% higher on Tuesday even as the bidder Bovis Homes said the two sides were no longer in talks.

Indivior's Suboxone decline slower than feared as company bets on new opioid drug

02 May 2019

Indivior Plc's best selling drug is losing market share slower than some analysts had predicted and its new drug is performing on target, lifting shares in the company despite its forecast of a possible loss this year.

Imperial to sell premium cigar business in shift to vaping

30 Apr 2019

British tobacco group Imperial Brands said it would sell its global premium cigar business as part of plans to divest assets worth 2 billion pounds ($2.61 billion) by May 2020 to cut debt and invest in vaping products and other growth areas.

World News

Trump says Iran may have shot down U.S. drone by mistake

U.S. President Donald Trump played down Iran's downing of a U.S. military drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely-controlled aircraft had been piloted.