United Kingdom

Pushkala Aripaka

Premier Oil shares lifted by progress on production and debt

10:58am GMT

Premier Oil said on Thursday production would come in at the top end of its forecast range this year, driven by its flagship North Sea Catcher field, and that it would cut debt by more than the $300 million (£234.45 million) previously promised.

Bovis, Galliford agree housing deal in ailing British market

07 Nov 2019

Bovis Homes sealed a deal for UK builder Galliford Try's residential business on Thursday, more than doubling the size of its housing development business and making it the fifth largest player in a struggling British market.

Intu Properties considers raising equity to tackle debt in blow to shares

06 Nov 2019

British shopping centre operator Intu Properties said on Wednesday it could raise equity, alongside asset sales, to tackle its debt burden, knocking nearly 18% off its share price.

Lookers bosses leave as car dealer sounds another profit alarm

01 Nov 2019

British car dealership Lookers said on Friday its top boss and operations chief will step down immediately after weak sales led to a second profit warning in less than four months, sending its shares down as much as 30% and rattling peers.

Crest Nicholson warns on profit as new CEO rejigs homebuilder

31 Oct 2019

British homebuilder Crest Nicholson on Thursday warned that annual profit would fall by a third as prices flatten on Brexit-hit consumer confidence and as the company's new leadership embarks on changes to the business.

GSK raises profit forecast after shingles vaccine sales boost

30 Oct 2019

GlaxoSmithKline on Wednesday raised its annual profit forecast for the second time this year as sales of its shingles vaccine beat expectations and older medicines, including HIV treatments, continued to sell well.

Ferrexpo CEO Zhevago stands down temporarily to resolve issues at another business

28 Oct 2019

Ferrexpo Chief Executive Kostyantin Zhevago is temporarily stepping down to resolve matters related to one of his former businesses in Ukraine, the London-listed iron pellet producer said on Monday.

AstraZeneca raises sales forecast after surge in cancer drugs

24 Oct 2019

AstraZeneca lifted its annual drug sales forecast for the second time this year after a surge in revenue from newer cancer treatments, but warned that changing policies in China, its second-biggest market, would crimp growth next year.

UK homebuilder Barratt battles Brexit price pressure

16 Oct 2019

Britain's biggest housebuilder Barratt Developments reported marginal sales growth and a dip in the value of homes sold in the first months of its financial year, the latest sign of pressure on developers from a weakening UK property market.

World News