Edition:
United Kingdom

Shariq Khan

Building supplier SIG hit by weak UK construction market

05 Jul 2019

Building materials supplier SIG Plc on Friday sounded another warning for Britain's construction industry as it blamed a marked deterioration in activity for lower first half like-for-like sales, sending its shares down as much as 12%.The construction industry in Britain had its worst month in June since the 2009 recession according to the latest PMI data, hit by uncertainties over Britain's exit from the European Union.

Investors swoop on British build-to-rent sector

03 Jul 2019

Property firms are turning to Britain's budding build-to-rent sector, which caters to students and city dwellers seeking affordable accommodation, as traditional home building and selling falters on weak consumer confidence.

JD Sports counters retail gloom with global expansion, gym style push

03 Jul 2019

JD Sports , Britain's biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit would meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters.

CBRE to buy Telford Homes to tap into Britain's build-to-rent market

03 Jul 2019

U.S. real estate firm CBRE Group Inc said it would buy British property developer Telford Homes Plc for about 267 million pounds ($336 million) in a bid to expand into Britain's apartment rental market.

UPDATE 2-Fastjet CEO Bezuidenhout returns to Mango to lead turnaround

02 Jul 2019

* Mango parent South African Airways has asked for state cash

Pendragon boss quits after just three months steering UK car dealer

27 Jun 2019

Pendragon Plc's Chief Executive Mark Herbert is leaving the car dealership after only three months in charge during which the company warned it would make a loss this year.

Lookers shares hit seven-year low as watchdog probes sales practices

25 Jun 2019

Shares in Lookers Plc slid to their lowest in over seven years on Tuesday after the car dealership said Britain's financial watchdog is investigating its sales processes over the last three years.

Petrofac loses out on $10 billion in contracts as SFO probe drags on

25 Jun 2019

Oilfield services provider Petrofac lost out on $10 billion (8 billion pounds) worth of contracts globally due to a probe by Britain's Serious Fraud Office into dealings in Saudi Arabia and Iraq, its finance chief said on Tuesday.

Ferguson surges as activist fund Trian takes 6% stake

13 Jun 2019

Activist fund Trian Fund Management LP said it has built up a 6% stake in Ferguson Plc, disclosing the investment days after the British plumbing products company reported disappointing results and slowing growth in its biggest market.

Dell revenue misses as China softness hits server business

31 May 2019

Dell Technologies Inc reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.

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