Edition:
United Kingdom

Tanishaa Nadkar

Galliford to review faltering construction business as new CEO gets to work

16 Apr 2019

British builder Galliford Try announced on Tuesday it will review its core construction business, weeks after it installed a new CEO and causing a profit warning that sent its shares down 20 percent.

Shell sells stake in Gulf of Mexico field for $965 million

11 Apr 2019

Royal Dutch Shell on Thursday agreed to sell its 22.45 percent stake in the Caesar Tonga field in the Gulf of Mexico for $965 million (£737 million) in cash to a subsidiary of Israeli energy conglomerate Delek Group.

Saga shares plunge as older Britons cut back on European travel

04 Apr 2019

Specialist tourism and insurance firm Saga warned that older Britons were cutting back on their travel plans because of Brexit as it lowered its profit forecast, sending its shares tumbling by up to 40 percent on Thursday.

Ted Baker caps off tough year with first profit drop in a decade

21 Mar 2019

Ted Baker reported its first drop in annual profit since the 2008 financial crisis, highlighting tough conditions on Britain's high streets, as the fashion retailer faces life without its founder.

Weak smartphone demand hits IQE's earnings; shares tumble

20 Mar 2019

Britains's IQE Plc missed its own full-year core earnings forecast as weakness in the smartphone market hit demand for semiconductor components, prompting its chief executive to call 2018 "a very difficult and challenging year".

Broker TP ICAP prepares for no-deal Brexit with extra staff in Paris

19 Mar 2019

TP ICAP is putting extra broking staff into its European offices outside London to help clients deal with any disruptions if Britain exits the trading bloc without a deal.

Provident will not sell home credit unit even as NSF closes in

13 Mar 2019

Provident Financial will not sell its troubled home credit unit as the subprime lender grows its banking business and stands its ground against a hostile takeover bid by smaller rival Non-Standard Finance, its CEO said.

Non-Standard Finance still confident on its hostile bid for Provident

08 Mar 2019

The CEO of UK subprime lender Non-Standard Finance (NSF) said on Friday he was still confident the group's 1.3 billion pound hostile takeover bid for bigger rival Provident Financial would succeed but declined to say whether it would increase its offer.

UK building supplier SIG's profit jumps as cost-cutting pays off

08 Mar 2019

British building materials supplier SIG's cost-saving efforts helped it post a 25 percent jump in full-year profit, lifting its share price by 11 percent on Friday, although it warned sales could continue to fall in 2019.

GKN deal boosts Melrose's profit, eases economy worries

07 Mar 2019

Melrose Industries' hard-fought takeover of British engineer GKN helped to boost 2018 profits at the turnaround specialist and ease analyst concerns about its ability to cope with a slowing global economy and weaker autos markets.

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