United Kingdom

Yadarisa Shabong

Acacia seeks stay of international arbitration against Tanzania

17 Jul 2019

LONDON Acacia Mining said on Wednesday it was seeking a stay of international arbitration proceedings against Tanzania, a step that could ease tensions between the two sides locked in a dispute following a $190-billion tax bill.

Johnson Matthey battles lower profit at its biggest unit

17 Jul 2019

Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%.

Motor insurer Hastings warns of hit from discount rate change

16 Jul 2019

British motor insurer Hastings warned on Tuesday of a $10 million (£8.03 million) hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow.

Car dealership Lookers hit by crumbling demand

12 Jul 2019

British car dealership Lookers warned on full-year profit on Friday, saying trading was increasingly challenging and prompting a 30% fall it its already weak shares.

UPDATE 3-FTSE 100 firms as oil majors gain, BoE growth target cut feeds stimulus hopes

20 Jun 2019

* Poor results and forecast hit Dixons Carphone (Adds news item, updates with closing prices)

FTSE 100 enjoys best day in four months after Draghi's 'appetizer'

18 Jun 2019

London's main stock index recorded its best one-day gain in more than four months on Tuesday as a promise of more stimulus if required from European Central Bank (ECB) chief Mario Draghi lifted UK shares across sectors.

Banks support FTSE 100 even as airlines hit by Lufthansa warning

17 Jun 2019

London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low.

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.

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.

Brexit worries hit domestic stocks but sterling slide lifts FTSE 100

22 May 2019

Brexit sensitive housebuilders and airlines slid on Wednesday as rumours circulated that ministers could oust Theresa May after her latest EU exit plan failed to win support, while exporters lifted the FTSE 100 as the pound weakened.

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