(Reuters) -Marks & Spencer (M&S) said on Wednesday it has appointed Alison Dolan as its chief financial officer, days after the British retailer smashed profit forecasts and announced its first yearly dividend since 2019. Dolan joins from real-estate portal Rightmove and will take over from interim CFO Jeremy Townsend, who will remain in the role …
UK’s M&S taps Rightmove’s Alison Dolan as finance chief Read More »
LONDON (Reuters) – London’s Evening Standard newspaper, which has been read by the city’s inhabitants since it was founded almost 200 years ago, said it plans to switch to a weekly format after its daily print edition ran up heavy losses. The newspaper’s interim chief executive and chairman Paul Kanareck told staff that increased working …
London’s Evening Standard to go weekly after racking up losses Read More »
By Jonathan Cable LONDON (Reuters) – British home prices will rise modestly this year and increase faster than overall inflation in the next two years, according to housing market specialists polled by Reuters, supported by expected reductions in borrowing costs and a dearth of supply. The 1.8% increase predicted for 2024 will be outpaced by …
UK home prices to build on recent gains but supply an issue: Reuters poll Read More »
By Suban Abdulla and Andrew MacAskill LONDON (Reuters) -Britain’s first Black woman lawmaker, Diane Abbott, said on Wednesday she was dismayed the opposition Labour Party looked set to bar her as an election candidate over comments she made over a year ago about Jews and racism. Abbott, 70, is Britain’s longest serving Black member of …
(Reuters) – Royal Mail’s parent company, International Distributions Services, agreed to be acquired by Czech billionaire Daniel Kretinsky for 3.57 billion pounds ($4.55 billion). Here is a brief history of the over 500-year-old company, which has recently struggled with worker strikes, lower volumes and increased regulatory scrutiny over missed delivery targets. 1516: King Henry VIII …
Royal Mail’s 500-year journey from Henry VIII’s court to private ownership Read More »
LONDON (Reuters) – Britain’s main opposition Labour Party will ensure that assurances given by Czech billionaire Daniel Kretinsky concerning Royal Mail are adhered to if the party wins the July general election, it said on Wednesday. Kretinsky’s investment vehicle EP Group, which has agreed a 3.6 billion pound ($4.6 billion) deal for Royal Mail’s parent …
UK’s Labour Party welcomes Czech billionaire Kretinsky’s assurances on Royal Mail Read More »
LONDON (Reuters) – Cybersecurity company Darktrace and homebuilder Vistry Group are two candidates for inclusion in the FTSE 100 in the upcoming quarterly review, index provider LSEG said in a note released late on Tuesday. Online grocer Ocado and asset manager St James’s Place are candidates for deletion from the FTSE 100 and inclusion in …
Darktrace, Vistry Group up for promotion to FTSE 100 Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak’s Conservative Party said it would create 100,000 more high skilled apprenticeship places per year by 2029 if it wins a national election on July 4. WHY IT’S IMPORTANT Britain’s economy is stuck in a rut of slow growth, held back in part by poor productivity and a …
UK Conservatives pledge to create 100,000 more apprenticeships Read More »
LONDON (Reuters) -Senior British lawmakers, including the chairs of three parliamentary committees, have questioned fast-fashion giant Shein’s suitability for a London stock market listing and called for greater scrutiny of the Chinese-founded firm. Shein is stepping up preparations for a London listing after its attempt to float in New York faced regulatory hurdles and pushback …
Senior UK lawmakers want more scrutiny of Shein ahead of possible London listing Read More »
LONDON (Reuters) – British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather, while prices charged by shops pointed to the weakest inflation in nearly four years, according to industry data. The Confederation of British Industry’s (CBI) monthly retail sales …
UK retail sales bounce back in May, price growth slows: CBI Read More »
