United Kingdom

Shariq Khan

PDC Energy to buy SRC for $971 million in cash push; shares soar

26 Aug 2019

Oil and gas producer PDC Energy Inc on Monday agreed to buy smaller rival SRC Energy Inc in a $971.3 million all-stock deal, in an attempt to boost its cash flow and create the second largest producer in Colorado's DJ basin.

CannTrust fires CEO after Health Canada finds unlicensed pot production

26 Jul 2019

CannTrust Holding Inc said on Thursday it fired Chief Executive Officer Peter Aceto, more than two weeks after Health Canada found the marijuana producer grew cannabis in unlicensed rooms.

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.

World News

Israel's Netanyahu teetering in close election race

Israel's election remained too close to call Wednesday morning, with television stations carrying unofficial results showing Prime Minister Benjamin Netanyahu tied with his main rival, former military chief Benny Gantz.