(Reuters) – London-focused flexible office-space provider Workspace Group said on Thursday that Graham Clemett, its chief executive of five years, would step down this year once his successor gets appointed. Clemett, 63, leaves at a time when flexible space operators such as Workspace have outperformed the traditional landlords on the operational front in the UK, …
London-focused Workspace CEO Clemett to step down this year Read More »
(Reuters) -British tonic maker Fevertree Drinks forecast annual core profit to fall short of market expectations, even as profit doubled in the second half on strong U.S. market performance, offsetting inflationary cost pressures in materials. The company, which was founded in 2003, has been grappling with high glass costs in Britain ever since the Russia-Ukraine …
Fevertree Drinks sees annual core profit falling short of market expectations Read More »
(Reuters) – Bicycles-to-car parts retailer Halfords reported weak December sales, dragged down by lacklustre footfall into its showrooms as inflation-weary customers pulled strings on big ticket items during the festive season. While third-quarter sales lagged expectations, with December like-for-like sales dropping more than 15%, the start of the fourth quarter returned to growth, the Worcestershire-based …
Auto retailer Halfords logs weak December on bleak festive sales Read More »
(Reuters) – Britain’s car output marked its best growth rate since 2010 last year as chip shortages and other supply chain snags eased and electric-vehicle (EV) production picked up, industry data showed on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said 905,117 cars rolled out of factory gates in the country in 2023, …
UK annual car output posts best growth rate since 2010 – SMMT Read More »
LONDON (Reuters) – Singer-songwriter Raye led nominations for the BRIT Awards on Wednesday, setting a new record with seven nominations, while the Rolling Stones and Blur were also recognised for Britain’s pop music honours. Raye was nominated in the annual awards’ top categories – artist of the year, album of the year for her record …
Brit Awards: singer Raye leads nominations with record seven nods Read More »
By Muvija M LONDON (Reuters) -An Abu Dhabi-backed group has tweaked its takeover plan for Britain’s Telegraph newspaper, prompting another round of government scrutiny and a scolding from a minister over the last-minute changes. Growing alarm over possible foreign meddling in editorial matters at the politically influential, right-leaning title led media minister Lucy Frazer to …
Abu Dhabi-backed firm’s 11th hour tweaks to Telegraph deal draws new UK scrutiny Read More »
By Jody Godoy NEW YORK (Reuters) -British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges on Wednesday after being accused last year of a scheme that prosecutors said was designed to enrich friends and associates, and apologized to a judge for his conduct. Lewis, 86, pleaded guilty to one count of conspiracy to …
British billionaire Joe Lewis pleads guilty to US insider trading charges Read More »
By Sruthi Shankar and Khushi Singh (Reuters) -British equities touched a one-week high on Wednesday, bolstered by China-exposed stocks following measures taken by the Chinese central bank to support the economy, while sterling rallied after a survey hinted at high-for-longer interest rates. The exporter-heavy FTSE 100 ended 0.6% higher, while the domestically oriented FTSE 250 …
British equities hit one-week high as China pledges boost sentiment Read More »
By Mohammed Alghobari and Riyam Mukhashaf ADEN (Reuters) -Yemen’s Houthi authorities have ordered U.S. and British staff of the United Nations and Sanaa-based humanitarian organisations to leave the country within a month, a document and a Houthi official said on Wednesday. The decision follows strikes by the United States and Britain, with support from other …
Houthis order US, British nationals to leave Yemen Read More »
By William Schomberg LONDON (Reuters) – Britain’s economy started 2024 on a stronger footing, according to a survey of businesses published on Wednesday that prompted investors to reduce their bets on the Bank of England moving quickly to cut interest rates. But while services firms grew more rapidly this month, Britain’s long-struggling manufacturers were hit …
UK economy picks up speed but Red Sea crisis hits factories Read More »
