Reuters UK Domestic

No plan to revive HS2 rail link to northern England, govt source says

LONDON (Reuters) -The new Labour government will not revive a plan to build a high speed railway line from the central English city of Birmingham to northern England, a source said, denying an earlier media report. LBC Radio said earlier on Thursday the government was set to announce that the HS2 high speed railway line …

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St James’s Place highlights investor uncertainty ahead of UK budget

By Yamini Kalia (Reuters) -St James’s Place on Thursday joined other asset managers in flagging investor uncertainty ahead of the UK budget later this month, after reporting a bigger than expected increase in funds under management in the third quarter. CEO Mark FitzPatrick said that speculation around the new Labour government’s maiden budget on Oct. …

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UK retailer N Brown to delist as London’s small caps struggle

LONDON (Reuters) -British online retailer N Brown Group agreed to a 191 million pound ($248 million) takeover led by its majority shareholder in a take-private deal, the latest sign of a slump in the country’s public markets for smaller companies. AIM-listed N Brown, one of the country’s top 10 online clothing and footwear retailers which …

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Blind filmmaker hopes to blaze a trail for artists with disabilities

By Marie-Louise Gumuchian LONDON (Reuters) – British actor and filmmaker Adam Morse used to keep his blindness secret, fearful of the reaction he would get when pitching for projects. Years later, having starred in television series “See”, directed feature film “Lucid” and a Super Bowl commercial for a Google phone feature, he hopes to be …

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UK’s Mondi posts sequential fall in Q3 profit

(Reuters) – British packaging company Mondi said on Thursday trading conditions remained muted in the third quarter, after it reported a lower core profit compared with the previous three-month period, partly hurt by more planned maintenance shutdowns. The paper and packaging sector has witnessed increasing consolidation in recent times, as companies gradually recover from softer …

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Britain’s THG plans tech arm demerger to focus on beauty and nutrition

By Shanima A (Reuters) -British e-commerce firm THG is looking to demerge its technology services arm as it seeks to shore up its balance sheet with its cash-generative nutrition and beauty businesses. THG’s shares, which initially rose on Tuesday, were 3.1% lower by 0756 GMT as it forecast its full year core earnings would be …

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Flutter bets on Italian gambling market with $2.6 billion Snaitech deal

By DhanushVignesh Babu (Reuters) -Flutter Entertainment said on Tuesday it would buy Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech, cementing its position as the leading gambling firm in Italy. The deal is to close by the second quarter of 2025 and will add to earnings per share immediately …

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