United Kingdom

Sangameswaran S

Low & Bonar's CEO to leave after second profit warning in two months

9:36am BST

UK-based polymer products maker Low & Bonar's said on Monday its CEO Philip de Klerk is leaving the company as it issued its second profit warning in two months, sending its shares sliding 30 percent.

Staffline plummets after profit warning, Brexit hit to margins

17 May 2019

Britain's Staffline lost more than half of its market value on Friday after a Brexit-led scramble by companies to secure workers for permanent positions hit the recruiter's margins and led it to cut its annual profit forecast.

GVC sees lower earnings hit from betting price cap

16 May 2019

Ladbrokes owner GVC on Thursday pointed to a lower than expected impact of a new betting price cap on some of its business in Britain, boosting the company's shares.

Mr Kipling makeover helps boost Premier Foods profit

14 May 2019

A relaunch of its venerable Mr Kipling cake brand helped Premier Foods Plc to report higher annual profit on Tuesday as the company seeks a new leader.

Domino's warns of loss in international business

07 May 2019

Domino's warned of a loss in its international business this year, sending shares in Britain's biggest pizza delivery firm lower and eclipsing a rise in first-quarter group sales.

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.

Imperial to sell premium cigar business in shift to vaping

30 Apr 2019

British tobacco group Imperial Brands said it would sell its global premium cigar business as part of plans to divest assets worth 2 billion pounds ($2.61 billion) by May 2020 to cut debt and invest in vaping products and other growth areas.

Weak British hotel demand hurts Whitbread after Costa sale

30 Apr 2019

Premier Inn owner Whitbread Plc, which has sold off its Costa coffee chain, on Tuesday flagged lower demand for hotel rooms in Britain, hit by Brexit uncertainty and the effects of growing competition.

Ferguson sees U.S. slowdown pushing profits to low end of expectations

26 Mar 2019

British plumbing products distributor Ferguson Plc said trading profit will likely be at the lower end of analyst expectations this year, with a slowing U.S. economy set to dent growth in its dominant market.

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.

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