United Kingdom

Sangameswaran S

CORRECTED-UPDATE 2-Genel posts 2018 loss after $424 mln writedown of Miran field

20 Mar 2019

March 20 Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a $424 million writedown on its Miran oil and gas field on Wednesday, pushing it into a full-year loss, and said it was now focusing on developing its Bina Bawi field.

Mears hit by profit drop, debt rise as demand wanes

19 Mar 2019

Mears shares slumped on Tuesday after the British housing and care services provider's pretax profit fell short of estimates and its net debt was higher than forecast.

Kier names former Carillion CEO-designate to top job

19 Mar 2019

British builder Kier Group named former Carillion CEO-designate Andrew Davies to its top job on Tuesday as it strives to cut debt and respond to problems afflicting the wider outsourcing industry.

JD Sports to buy Footasylum at half its float price

18 Mar 2019

JD Sports Fashion Plc has agreed to acquire Footasylum Plc in a deal valued at up to 90 million pounds, only half of what the sportswear retailer was valued at when it went public in late 2017.

Berry Global trumps Apollo with $4.37 billion offer for RPC

08 Mar 2019

British packaging company RPC Group has agreed to a higher takeover offer from plastics maker Berry Global Group Inc worth 3.34 billion pounds ($4.37 billion), and has ditched a lower bid from Apollo Global Management LLC.

Packager DS Smith to exit plastics business, focus on fibre products

06 Mar 2019

DS Smith Plc has agreed to sell its plastics division to private equity firm Olympus Partners as the packaging company looks to focus on fibre and corrugated products, it said on Wednesday, sending its shares up as much as 6.3 percent.

UK's Giraffe, Ed's Easy Diner to shut 27 outlets in fight for survival

04 Mar 2019

Boparan Restaurant Group (BRG) plans to close more than a third of its Giraffe and Ed's Easy Diner outlets in an attempt to secure the future of the two British chains, BRG and its advisers said on Monday.

Ted Baker shares plunge as retailer warns of lower profit

27 Feb 2019

Ted Baker shares plunged as much as 18 percent on Wednesday after the British fashion retailer said 2018-19 earnings would miss forecasts due to volatile exchange rates, higher costs and a writedown on inventory.

Bottler Coca-Cola HBC warns of higher finance costs, lower consumer spending

14 Feb 2019

Shares of soft drink bottler Coca Cola HBC AG fell 4 percent on Thursday after it warned of higher finance costs and weak consumer spending in several of its markets this year.

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