Edition:
United Kingdom

Noor Zainab Hussain

Eddie Stobart gets lifeline as shareholders back rescue deal

5:00pm GMT

Eddie Stobart's shareholders on Friday voted in favor of a takeover from top investor DBAY Advisors, allowing the logistics company's green and red trucks to continue trading.

M&G suspends $3.2 billion UK property fund as Brexit takes toll

05 Dec 2019

LONDON British fund manager M&G Investments suspended dealing in its flagship UK property fund on Wednesday, blaming Brexit uncertainty and weakness in the retail sector for a surge in investor requests to cash out.

UPDATE 2-Metro Bank CEO Donaldson follows chairman out of door

04 Dec 2019

Dec 4 Metro Bank chief executive Craig Donaldson is leaving after a torrid year in which the British lender was engulfed in a damaging accounting scandal that has also cost it its chairman and wiped 90% off its market value.

Could life insurance go up in smoke for some vapers?

04 Dec 2019

LONDON/NEW YORK Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. | Video

Go-Ahead regional bus business falters as costs mount

28 Nov 2019

Rail and bus operator Go-Ahead slightly lowered its expectations for its UK regional bus division's annual financial performance, as it takes longer to bring a new Manchester bus company up to speed and battles costs.

Compass shares slump as caterer serves up warning on Europe

26 Nov 2019

Compass Group warned on Tuesday that deteriorating consumer and business confidence in Europe had hurt volumes and margins at its company catering services, sending shares almost 8% lower.

Mitie clients put project spending on ice as Brexit, elections loom

21 Nov 2019

British outsourcer Mitie Group Plc said on Thursday that revenue growth would be affected by economic uncertainty induced by Brexit and upcoming elections as clients hold back on committing to new projects.

Chinese power firm SDIC to press ahead with London listing

19 Nov 2019

LONDON Chinese power generation group SDIC is pressing ahead with plans to launch an offering of global depositary receipts (GDRs) in London under a link with the Shanghai exchange, defying a dismal season for stock listings in Europe.

Britain indicates it is likely to allow Advent's $5 billion Cobham purchase

19 Nov 2019

LONDON The British Government has indicated it is likely to allow Advent's $5 billion (£3.9 million) purchase of defence company Cobham after the U.S. private equity group offered a number of commitments to address national security concerns.

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