LONDON (Reuters) -British food delivery company Deliveroo said it was expanding into non-food retail, betting on toys, electronics and other goods to help drive growth, after it reiterated 2023 profit guidance. The group, which competes with Just Eat Takeaway.com and Uber Eats in markets in Europe, the Middle East and Asia, said it had launched …
UK’s Deliveroo sees expansion into non-food driving growth Read More »
(Reuters) -Bicycles-to-car parts retailer Halfords Group on Wednesday narrowed its annual profit forecast range, lowering the upper end of its expectations by 5 million pounds ($6.4 million) as Britons cut down on discretionary spending. Soaring prices of everything from energy to food are forcing consumers to curtail non-essential spending, as they try to make ends …
UK’s Halfords narrows annual profit forecast range Read More »
(Reuters) – Britain’s Financial Conduct Authority (FCA) on Wednesday proposed that personal investment firms that give bad advice would need to set aside capital to cover compensation costs when consumers are harmed. The proposals would require personal investment firms, often referred to as investment advisers, to calculate their potential redress liabilities at an early stage, …
UK financial watchdog proposes investment advisers hold capital for redress Read More »
(Reuters) – British investment platform Hargreaves Lansdown on Wednesday appointed Alison Platt as chair to succeed Deanna Oppenheimer, who will step down at the company’s annual general meeting after six years in the role. Platt is currently chair of veterinary pharmaceuticals maker Dechra Pharmaceuticals, which is being bought by Swedish private equity firm EQT for …
UK’s Hargreaves says Dechra’s Platt to succeed Oppenheimer as chair Read More »
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months. “We have acquired around two million customers” in the United Kingdom, Pinto told a Financial Times conference on Tuesday. “A big …
JPMorgan says its UK bank Chase may break even around 2025 Read More »
By Andrew MacAskill, Alistair Smout and Renee Maltezou LONDON/ATHENS (Reuters) -A dispute between Britain and Greece over the ownership of the Parthenon Sculptures, known as the Elgin marbles, escalated on Tuesday, with both sides blaming the other for the cancellation of a planned meeting between their two leaders. Prime Minister Rishi Sunak cancelled Tuesday’s meeting …
UK accuses Greece of breaking Parthenon promise on PM’s visit Read More »
LONDON (Reuters) -Britain’s National Grid will pay some households to use less electricity between 1700 and 1830 GMT on Wednesday evening, it said on Tuesday. Under the so-called demand flexibility service (DFS), homes that have signed up with their suppliers are paid for turning off appliances such as ovens and dishwashers during a specific period …
Britain to pay households to use less power on Wednesday evening Read More »
By Paul Sandle and Sarah Young LONDON (Reuters) -Rolls-Royce aims to quadruple profit in the next five years by boosting the performance of its jet engines and bearing down on costs in boss Tufan Erginbilgic’s masterplan for Britain’s most prestigious engineering company. Setting out a strategy that has been almost a year in the making, …
Rolls-Royce aims to quadruple profit in five years Read More »
By Iain Withers and Sinead Cruise LONDON (Reuters) – The value of suspected fraud flagged by lenders across emergency state-backed loans granted to struggling businesses in the COVID-19 pandemic has increased by 7% to 1.8 billion pounds ($2.3 billion), government figures showed on Tuesday. Banks handed out a total of 77 billion pounds of state-backed …
Suspected fraud on UK COVID loans climbs 7% in value -govt data Read More »
LONDON (Reuters) -Barclays is putting 900 jobs in its British business at risk of redundancy, employee union Unite said on Tuesday, as it pursues major cost cutting in a bid to improve its returns. A Unite spokesperson said that Barclays staff were informed of the potential cuts at 1300 GMT. A Barclays spokesperson declined to …
Barclays eyes up to 900 job cuts in Britain -union Read More »
