Edition:
United Kingdom

Samantha Machado

Drive to raise quality hits profit at UK housebuilder Persimmon

20 Aug 2019

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.

UK pubs operator Greene King agrees to 4.6 billion pounds Hong Kong offer

19 Aug 2019

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.

Balfour Beatty defies UK construction gloom with stellar results

14 Aug 2019

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.

Debenhams to name Stefaan Vansteenkiste as CEO - source

07 Aug 2019

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.

Staffline share issue dilutes Cat Rock's stake

22 Jul 2019

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.

Homebuilder Barratt to beat profit view as cost control efforts pay off

10 Jul 2019

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.

Bovis Homes sees more demand even as Brexit weighs on sector

09 Jul 2019

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.

Menzies nosedives after profit warning as aviation services struggle

05 Jul 2019

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.

Homebuilder Persimmon sees revenues fall as it slows new home releases

04 Jul 2019

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.

Purplebricks pays price for rapid expansion with U.S. exit

03 Jul 2019

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.

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