Edition:
United Kingdom

Samantha Machado

Suspended Woodford fund has sold around £100 million of assets

14 Jun 2019

LONDON Neil Woodford has sold 97 million pounds of shares over the past 10 days to boost liquidity in his suspended equity income fund, a Woodford spokesman said on Thursday.

Pendragon shares plunge a quarter as UK car dealer warns on profit

12 Jun 2019

Pendragon shares slumped as much as 26% on Wednesday after the British car dealer warned of a pretax loss this year, blaming weak demand for both new and used cars.

Britain's Thames Water CEO Steve Robertson steps down

24 May 2019

Thames Water, one of the largest UK water companies, said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190524:nRSX1977Aa on Friday its Chief Executive Officer Steve Robertson had stepped down by mutual agreement.

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit

24 May 2019

Britain's competition watchdog said on Friday it was investigating whether U.S.-based Liqui-Box's $585 million (£461.3 million) takeover of a DS Smith Plc business could lessen competition in the market.

Safestyle UK's shares slump on lower profit expectations

16 May 2019

Safestyle UK Plc warned annual profit would miss forecasts as the windows and doors retailer battles to move on from a year of legal wrangling and competition from rival Safeglaze, sending its shares down more than 17%.

Mall operator Intu forecasts fall in rental income, shares hit

03 May 2019

The new chief executive of Intu Properties Plc cut the shopping centre operator's rental income forecast on Friday, blaming a string of retail collapses and uncertainties stemming from Brexit for slowing down new lettings.

Persimmon slows home sales to focus on quality

01 May 2019

Housebuilder Persimmon on Wednesday reported fewer orders so far this year partly due to the company's action to change the timing of house sales to focus on quality and improve customer service.

Taylor Wimpey warns on margins, British homebuilders slump

25 Apr 2019

Britain's third-largest homebuilder Taylor Wimpey warned on Thursday the rising cost of building materials would weigh on profit margins this year, hitting shares across the sector.

British pension fund USSL to buy telecom co KCOM for 504 million pounds

24 Apr 2019

British pension fund Universities Superannuation Scheme Ltd (USSL) said its Humber Bidco unit would buy telecommunication company KCOM for 504 million pounds ($651.42 million), sending KCOM shares soaring more than 30 percent.

Majestic Wine may sell all UK stores in shift online

23 Apr 2019

Majestic Wine could sell its 200 or so branches in Britain as it shifts focus to its booming online business Naked Wines, the retailer said on Tuesday.

World News