United Kingdom

Shashwat Awasthi

Mothercare completes store closures, targets online growth

10:04am BST

Mothercare saved more money than expected last year from the store closures on which it has pinned its recovery hopes, helping it cut net debt by 84% to 6.9 million pounds.

Turmoil over future of PM May, Brexit bruises British stocks

23 May 2019

Heightened concerns over the course of Brexit and mounting pressure on Prime Minister Theresa May to step down weighed heavily on Britain's mid-cap index and domestically-focused blue-chip stocks on Thursday.

Merlin shareholder wants Madame Tussauds owner to go private

23 May 2019

Hedge fund ValueAct has urged London Eye and Legoland operator Merlin Entertainments to pursue a deal to take the company private, claiming it could fetch around 30% more than its current market valuation.

Royal Mail puts parcels at heart of growth plan

22 May 2019

Royal Mail Plc slashed its dividend by 40% on Wednesday to fund a new five-year turnaround drive focused on expanding its parcels business internationally to better position the group for a future dominated by online deliveries.

New Brexit deal, Huawei reprieve boost FTSE 100

21 May 2019

The FTSE rose on Tuesday, helped by a rally in homebuilders amid news of a proposed parliamentary vote on a second Brexit referendum and gains in Asia-facing stocks after the United States relaxed restrictions on China's Huawei.

FTSE 100 drops as Just Eat rues Amazon backing rival, exporters cushion fall

17 May 2019

London's main share index dipped on Friday, as Just Eat slumped after Amazon backed rival food delivery firm Deliveroo in a funding round, but losses were limited as exporters were helped by a slide in sterling amid renewed Brexit jitters.

Manchester United to put financial firepower to work on pitch next season

16 May 2019

English soccer club Manchester United promised to use its financial muscle to help recover from a "turbulent season", as it stuck with its full-year earnings forecast despite a quarterly hit from higher wages.

Prospect of easing trade tensions, weaker pound lift FTSE 100

15 May 2019

Hopes that the United States' trade tensions with China and Europe will dissipate, combined with a weaker pound, lifted Britain's main index higher on Wednesday, as a slew of earnings reports also drove share moves.

FTSE 100 springs back as hopes of trade deal rise; Greggs on a roll

14 May 2019

British shares surged on Tuesday as investors grew optimistic about a U.S.-China trade deal after U.S. President Donald Trump vowed it would happen soon, while demand for vegan sausage rolls propelled baker Greggs to a record high.

Vegan sausage rolls rake in the dough for Greggs, shares hit record

14 May 2019

Rising demand for Greggs Plc's vegan sausage rolls prompted the British baker to raise its annual forecast for the second time this year, sending its stock price to an all-time high.

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