A drive to improve the quality of its houses slowed sales and knocked profits at Persimmon in the first half of the year, Britain's second largest housebuilder said on Tuesday.
British pubs operator Greene King has agreed to a 4.6 billion pounds ($5.6 billion) bid from a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, which said it was seeking to increase its UK presence even as Brexit looms.
Shares in Balfour Beatty rose 13% after its underlying profit more than tripled in Britain where it is working on lower risk contracts such as major road improvements, a rail link, and a nuclear power station.
British department store group Debenhams will appoint Stefaan Vansteenkiste as its new chief executive officer, while Terry Duddy will step down as chairman in September, a source familiar with the matter told Reuters on Wednesday.
Cat Rock Capital's stake in Staffline Group Plc has fallen by more than half after the activist investor did not participate in the recruiter's latest placement, a regulatory filing on Monday showed.
Barratt Developments' efforts to cut costs by making changes to the design of the houses it builds will help the company to report annual profit that beats market expectations, the company said on Wednesday.
Housebuilder Bovis said on Tuesday it expected to post a higher first-half profit after selling more affordable homes at increased prices and saw solid demand for the year, bucking the trend of a wider anaemic real estate market.
John Menzies Plc warned on Friday that earnings would not grow in 2019 as the British aviation servicing company battles weak cargo volumes and cuts in flight schedules, sending its shares more than 20% lower.
Persimmon , Britain's second-largest homebuilder, suffered a drop in revenue in the first half of the year as it delayed sales closer to the completion of properties in order to improve customer satisfaction.
Online estate agent Purplebricks said on Wednesday it would pull out of the United States and focus on expanding its roots in Britain, after acknowledging it had chased international growth too aggressively.