Edition:
United Kingdom

Radhika Rukmangadhan

Crest Nicholson cuts margin forecast on pricing pressure, shares tumble

16 May 2018

British housebuilder Crest Nicholson Holdings Plc lowered its full-year operating margin forecast to the bottom end of its previous range on Wednesday, blaming rising construction costs and flat home prices.

Compass Group's first-half disappoints, shares tumble

09 May 2018

Compass Group Plc missed first-half earnings expectations on Wednesday hurt by stagnant revenue and a steep decline in margins in Europe, sending shares in the world's biggest catering firm lower.

Hammerson has not heard from Klepierre since rejecting bid

05 Apr 2018

Britain's Hammerson Plc said on Thursday it had not heard from Klepierre since it rejected a 4.9 billion pound ($6.88 billion) bid from the French operator of shopping centers.

Balfour Beatty sees UK construction industry mending its ways

14 Mar 2018

Britain's Balfour Beatty reported a tripling of annual profit on Wednesday and said the construction industry was returning to health after the high-profile collapse of Carillion this year.

UK fashion chain French Connection says close to turning business around

13 Mar 2018

British fashion chain French Connection Group Plc said it was close to returning to profit and disclosed it had been approached by an unnamed U.S. group about a potential takeover although talks did not lead to an offer.

UK's Countrywide going 'back to basics' after profit plunges

08 Mar 2018

Countrywide Plc , Britain's largest estate agent, reported a 22.5 percent fall in core annual earnings on Thursday and scrapped its dividend, sending its shares to record lows.

British recruiter PageGroup warns on UK weakness, shares slump

07 Mar 2018

Recruitment firm PageGroup Plc warned on Wednesday that weakness in Britain, its largest market, would continue in 2018, sending its shares down as much as 8.5 percent in morning trade.

William Hill exits Australia with $244 million CrownBet sale

06 Mar 2018

British bookmaker William Hill drew a line under a costly bet on Australia on Tuesday with the sale of its business there to CrownBet for A$314 million (176.21 million pounds).

British estate agent Countrywide's CEO exits after profit warning

24 Jan 2018

Countrywide's Chief Executive, Alison Platt, stepped down on Wednesday, a week after the British real estate agent said a loss of market share to its competitors would hit its annual profit.

Crest Nicholson warns of housing Brexit effect, London weakness

15 Nov 2017

UK housebuilder Crest Nicholson Holdings Plc pointed to Brexit-related barriers to new house construction on Wednesday while joining a slew of property firms in flagging signs of weakness in central London property markets.

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