Edition:
United Kingdom

Noor Zainab Hussain

Slowing business demand hits Whitbread's Premier Inn

10:22am BST

Britain's Whitbread Plc, focused on the hotel business after the sale of its Costa Coffee chain, reported lower room revenue over the past three months as companies cut back on business travel.

FirstGroup reaches end of the line of Greyhound bus ride

31 May 2019

Dallas-based Greyhound was put up for sale by Britain's FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines. | Video

CORRECTED-UPDATE 3-FirstGroup reaches end of the line of Greyhound bus ride

30 May 2019

May 30 Dallas-based Greyhound was put up for sale by Britain's FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines.

UK watchdog probes NSF's hostile $1.6 billion bid for rival Provident

29 May 2019

British doorstep lender Non-Standard Finance (NSF) faced a fresh hurdle in its hostile 1.3 billion pound ($1.6 billion)bid for rival Provident Financial on Wednesday as the UK competition watchdog raised questions over the proposed deal.

Stagecoach sues UK transport authority over second rail franchise

24 May 2019

Rail operator Stagecoach Group Plc is suing Britain's transport authority after being disqualified from bidding for the West Coast rail franchise along with partners SNCF and Virgin.

Tate & Lyle slips after forecasts only limited earnings growth

23 May 2019

Shares in Tate & Lyle slipped more than four percent after the food ingredients company forecast broadly flat to low-single figure digit earnings per share growth for 2020.

Pret A Manger swallows EAT as it looks to boost Veggie brand

22 May 2019

Pret A Manger has bought smaller rival EAT, the British sandwich and coffee shop chain said on Wednesday, as it looks to capitalise on the thriving vegan and vegetarian market through its Veggie Pret brand.

Royal Mail puts parcels at heart of growth plan

22 May 2019

Royal Mail Plc slashed its dividend by 40% on Wednesday to fund a new five-year turnaround drive focused on expanding its parcels business internationally to better position the group for a future dominated by online deliveries.

Severn Trent says re-nationalisation could raise water bills

21 May 2019

A re-nationalisation of the UK water industry could raise customer bills and lower investment, Severn Trent said on Tuesday, as utility companies laid the ground for a potential fight with a future Labour government.

Galliford Try promises better margins, cost savings after review

21 May 2019

UK construction firm Galliford Try unveiled a retrenchment programme on Tuesday that it said would deliver 15 million pounds of savings a year from 2021 and a faster rise in operating margins, driving its shares 10% higher.

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