Edition:
United Kingdom

Pushkala Aripaka

Intu sells shopping centre stake to Kuwait-backed fund to cut debt

18 Apr 2019

Britain's Intu Properties plans to sell a 50 percent stake in an East Midlands shopping centre to a Kuwait-backed real estate investment firm for 186.3 million pounds in an attempt to cut its debt.

UPDATE 2-Bunzl shares drop to six-month low after North America slowdown

17 Apr 2019

* Q1 total revenue up just 2.5 percent at constant currencies

Robert Walters learns to live with Brexit uncertainty as profits rise

15 Apr 2019

Recruitment company Robert Walters on Monday reported higher first-quarter profit and said confidence among businesses in Britain was reasonable despite Brexit uncertainty.

Virgin Atlantic targets profit in 2021 after second annual loss

10 Apr 2019

After reporting a loss for two straight years Virgin Atlantic is targeting a return to profitability in 2021, helped in part by the launch of new routes and its acquisition of British regional airline Flybe.

Provident raises fresh questions about Non-Standard Finance bid

02 Apr 2019

British sub-prime lender Provident Financial stood its ground against a hostile bid by smaller rival Non-Standard Finance on Tuesday, raising new concerns about the strategic, operational and financial merits of the offer.

U.S. recession fears, Brexit jitters batter UK shares

25 Mar 2019

Britain's FTSE 100 slipped as fears of a recession in the United States triggered a sell-off in global markets, while the mid-cap index was battered by uncertainty over the next steps in Brexit.

Renishaw shares fall after weak Asia demand prompts forecast cut

21 Mar 2019

Shares of Renishaw Plc fell more than 10 percent on Thursday after the British engineering group cut its full-year profit forecast, citing weak sales in Asia and a softness in demand from makers of consumer electronics.

G4S gets interest in cash division, revenue misses expectations

12 Mar 2019

G4S has received interest from potential bidders for its cash business, it said on Tuesday, as the British company looks to revive its fortunes by focusing on its security operations.

Canada's Saputo spreads into UK market with $1.27 billion Dairy Crest deal

22 Feb 2019

Canada's Saputo Inc is to enter the British market for the first time after agreeing to buy food company Dairy Crest Group Plc for 975 million pounds.

Indivior launches generic version of its Suboxone opioid drug

20 Feb 2019

British drugmaker Indivior Plc said on Wednesday it had launched a copycat version of its blockbuster opioid addiction drug Suboxone in the United States, just one day after a court decision cleared the way for its rivals to market generic versions of it.

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