Edition:
United Kingdom

Noor Zainab Hussain

Rare auction showdown could decide fate of broadcaster Sky

21 Sep 2018

LONDON A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday. | Video

UPDATE 2-SIG seeing some signs of suppliers stockpiling -CEO

21 Sep 2018

* SIG highly dependent on suppliers of raw material- CEO (Recasts with CEO comments)

Investment returns put brakes on Lloyd's of London recovery

21 Sep 2018

LONDON Insurance market Lloyd's of London bounced back from a tough 2017 after ditching some loss-making business, although weak investment returns saw first-half pretax profit halve from a year ago.

Builder Kier's strong order book helps it ride out Brexit uncertainty

20 Sep 2018

Builder Kier Group reported a higher-than-expected rise in annual profit, as it expanded its order book and shrugged off the hit to Britain's construction sector from the country's impending exit from the European Union.

KPMG admits misconduct on BNY Mellon reports, says watchdog

19 Sep 2018

KPMG and one of its partners have admitted to serious failings in compliance reports for Bank of New York Mellon , Britain's accountancy watchdog said, potentially leading to heavy fines as the auditor comes under unprecedented scrutiny.

Vivo closes Engen purchase, excludes DRC

18 Sep 2018

Africa retail fuel venture Vivo Energy is set to close the purchase of a network of filling stations owned by Engen Holdings with the exclusion of operations in the Democratic Republic of Congo (DRC), the London-listed firm said on Tuesday.

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.

Elementis to pay less for Mondo after investor backlash

11 Sep 2018

British speciality chemicals company Elementis has struck a deal to buy Mondo Minerals for $100 million (76.8 million pounds) less than initially agreed following criticism of the original price from its shareholders.

Lloyd's of London appoints ex-QBE boss John Neal as CEO

07 Sep 2018

Lloyd's of London, the insurance market that covers risks from oil rigs to soccer stars' legs, has appointed former QBE Insurance Group boss John Neal as chief executive.

World News

Gunmen kill 24, including 12 Revolutionary Guards, in attack on Iran military parade - ISNA

Gunmen fired on a military parade in southwestern Iran on Saturday, killing 24 people, half of them members of the Revolutionary Guards, state news agencies reported, in one of the worst attacks ever on the elite force.State television said the assault, which wounded more than 60 people, targeted a stand where Iranian officials had gathered to watch an annual event marking the start of the Islamic Republic's 1980-88 war with Iraq.