Reuters UK Business

(Reuters) -UK luxury brand Mulberry Group said on Monday that Charles Anderson, the firm’s group finance director, would step down from his role on Jan. 31. The resignation comes just two months after the luxury handbag maker announced plans to streamline its operations post reporting a wider first-half loss. Mulberry, which rejected multiple takeover approaches from …

UK’s Mulberry Group’s Finance Director Charles Anderson to resign Read More »

By Tommy Reggiori Wilkes and Yadarisa Shabong LONDON (Reuters) -Britain’s accounting watchdog has started an investigation into the audit conducted by KPMG of the financials of bookmaker Entain for the year ended December 2022, it said on Monday. The Financial Reporting Council (FRC) said its investigation would be conducted by its enforcement division under the …

UK watchdog launches investigation into KPMG’s audit of Entain Read More »

(Reuters) -Banco Santander is reviewing its presence in Britain, a person familiar with the matter said, two decades after its acquisition of Abbey National made it a major player on the country’s high streets. Santander’s review is part of a regular assessment of its major businesses, the person said speaking on condition of anonymity because …

Santander reviews UK retail banking presence amid broader assessment, source says Read More »

By Tassilo Hummel PARIS (Reuters) -French cognac makers increased shipments to the United States in December, trade data showed, as distributors fill up their stocks to prepare for possible new tariffs while demand in the country shows signs of improvement. France’s cognac industry is particularly exposed to the U.S. market, its biggest by volume, and …

France’s cognac makers lift US exports ahead of Trump inauguration, data shows Read More »

(Reuters) -Electric Vehicle charging point provider Pod Point Group warned of lower-than-expected results this year and cut its 2024 revenue forecast on Monday, due to weaker EV demand. Britain faces a dual challenge of striving to reduce emissions while grappling with slower-than-anticipated adoption of EVs, driven partly by concerns over limited charging infrastructure and high …

UK’s Pod Point Group warns of 2024 revenue miss on weak EV demand Read More »

By David Milliken LONDON (Reuters) -British lawmakers raised doubts on Monday about whether a new Office for Value for Money – announced by finance minister Rachel Reeves as part of her plans to repair the public finances – would deliver any meaningful savings. The body has 12 full-time staff seconded from elsewhere in Britain’s central …

UK lawmakers doubt need for Reeves’ Office for Value for Money Read More »