United Kingdom

Noor Zainab Hussain

American Express profit beats estimates as consumers shrug off slowdown fears

4:01pm BST

Credit card issuer American Express Co reported a higher-than-expected quarterly profit that highlighted the health of the U.S. consumer even as fears mount that a manufacturing-led weakness could spread to the broader economy.

LSE gets earnings boost ahead of Refinitiv deal vote

11:18am BST

London Stock Exchange reported higher-than-expected third-quarter income on Friday, putting it in a strong position ahead of next month's shareholder vote on its planned $27 billion deal to buy data provider Refinitiv.

Wells Fargo reports falling profit as legal costs mount

15 Oct 2019

Wells Fargo & Co reported lower profits on Tuesday as the bank braced for additional legal expenses tied to a scandal that erupted more than three years ago.

UPDATE 2-UK regulator looks to cut costs of new Hinkley Point grid link

15 Oct 2019

* Project could be funded via normal price-control process (Adds details, analyst comment)

Model-maker Hornby says Brexit may delay its trains

25 Sep 2019

Now even model trains face possible delays due to Brexit, with Hornby , the maker of such children's favorites as Thomas & Friends and Harry Potter's Hogwarts Express, flagging potential supply problems at ports ahead of the Christmas shopping period.

UPDATE 2-Rolls-Royce hit by further setback to fixing Boeing 787 engines

20 Sep 2019

* Shares fall as much as 5% (Adds details on aircraft groundings, analyst comment)

Kier falls to loss as restructuring costs mount

19 Sep 2019

Shares in Kier Group slumped as much as 14% after the British contractor posted an annual loss, as a radical overhaul to cut debt and simplify its structure to dodge the problems that have toppled others in the industry pushed costs higher.

Britain's biggest mining project in peril as Sirius bond aborted

17 Sep 2019

LONDON Sirius Minerals scrapped a plan to raise $500 million in a bond sale on Tuesday, delaying a project to mine for fertiliser under a national park in northern England and halving the value of its shares.

U.S. group Advent wins $5 billion battle for Britain's Cobham

17 Sep 2019

LONDON U.S. private equity firm Advent International won its battle to buy Britain's Cobham for $5 billion on Monday, taking advantage of the weak pound to pounce on the defence and aerospace group that pioneered air-to-air refuelling.

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