Reuters UK Domestic

UK meat producer Cranswick upbeat on annual profit after strong Christmas sales

18 Jan 2024

(Reuters) -British meat producer Cranswick forecast annual profit ahead of its previous expectation on Thursday, helped by stronger-than-expected trading in the Christmas quarter. Trading updates from UK retailers and industry data have shown that shoppers prioritised spending on food rather than on discretionary general merchandise during Christmas, highlighting continued tight economic conditions in Britain. Cranswick, …

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Dunelm sees profit in-line with estimates on strong demand; inflation woes loom

18 Jan 2024

(Reuters) -Britain’s Dunelm Group forecast its annual profit to be in-line with market expectations on Thursday, encouraged by resilient consumer demand for home furnishing and the company’s efforts to keep a tight lid on operational costs. Analysts on average expect profit before tax for the full year to come in at 202 million pounds, according …

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UK’s Home REIT appoints new chair as board members set to step down

18 Jan 2024

(Reuters) – UK’s Home REIT, a housing provider for the homeless, appointed Michael O’Donnell as chair on Thursday, succeeding Lynne Fennah who would step down, as the company battles investor pressure over its lacklustre performance. “The remaining members of the board understand that shareholders would like to see a refresh of the board and so …

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Royal Mail parent IDS delivers strong Christmas revenues; names new CFO

18 Jan 2024

(Reuters) -Britain’s International Distributions Services said on Thursday it enjoyed its best Christmas in four years in 2023, with revenues rising nearly 10% during the festive quarter, as UK customers returned to using its Royal Mail delivery services. The group, which runs Royal Mail in the UK and GLS internationally, also said it had appointed …

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London underprepared for deadly climate change risks, report warns

17 Jan 2024

LONDON (Reuters) – London is underprepared for the heatwaves, flooding and rising sea levels it is forecast to experience in coming years, a report commissioned by Mayor Sadiq Khan said on Wednesday. The report, which was ordered after soaring temperatures, wildfires and floods all hit the capital in recent years, said a “step change” in …

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Kate, UK’s Princess of Wales, has surgery, Charles in hospital next week

17 Jan 2024

LONDON (Reuters) -Kate, Britain’s Princess of Wales, has undergone successful planned abdominal surgery and will be in hospital for up to two weeks, while King Charles will also undergo treatment for an enlarged prostate, royal officials said on Wednesday. Kate, 42, the wife of heir to the throne Prince William, had been admitted to the …

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UK antitrust body wins appeal over BMW and VW information request

17 Jan 2024

LONDON (Reuters) -Britain’s antitrust regulator can demand information from companies based outside the United Kingdom, the Court of Appeal in London ruled on Wednesday in a case arising from an investigation into BMW and Volkswagen. The German carmakers challenged the Competition and Markets Authority’s (CMA) power to request documents and information as part of an …

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