Reuters UK Business

(Reuters) – Topps Tiles said on Wednesday it expects annual gross margins to be “moderately lower” compared with last year, as the British tile retailer battles higher shipping and input costs. “Global supply chain challenges, higher staff absence due to COVID-19, and material cost price inflation continue to provide significant headwinds,” Chief Executive Officer Rob …

UK’s Topps Tiles warns of lower profit margins on cost headwinds Read More »

LONDON (Reuters) – Britain and Oman have agreed to work more closely together to strengthen economic ties and increase high-value investment in areas such as clean energy and technology, following a meeting between the leaders of both countries last month. UK companies have a long history of investment in Oman and they accounted for nearly …

UK, Oman agree to strengthen economic ties, boost investment Read More »

(Reuters) – Australian buy now, pay later firm Afterpay Ltd said on Wednesday its $29 billion buyout by payments firm Block Inc, previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional. With this approval, the companies can now implement the deal, which would be Block’s biggest …

Afterpay’s $29 billion buyout by Block set to close after Spain nod Read More »

(Reuters) – Walgreens Boots Alliance Inc has begun a strategic review of its U.K.-based Boots business, Chief Executive Officer Rosalind Brewer said on Tuesday, as the second largest U.S. pharmacy chain tries to renew its focus on U.S. healthcare. The Boots business has over 2,200 stores across the UK, which include pharmacies, health and beauty …

Walgreens starts strategic review for UK-based Boots business Read More »

(Reuters) – Planemakers Airbus and Boeing have issued their annual orders and deliveries for 2021, showing mixed fortunes in their transatlantic business rivalry. Here are highlights of the new numbers, which show that Airbus remained the largest planemaker by deliveries. Boeing won the new order race after accounting adjustments relating to cumulative orders, but remained …

Factbox-Airbus vs Boeing orders and deliveries in 2021 Read More »