By Joice Alves LONDON (Reuters) – UK companies are trading at hefty discounts of about 40% to global peers but have further to fall, say investors weighing the risks posed by a grim economic outlook, soaring borrowing costs and a volatile pound. Though rising costs of anything from labour to raw materials and energy in …
Analysis-Heavily discounted UK Plc may have further to fall Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak said on Wednesday that he regretted giving a ministerial role to Gavin Williamson who resigned on Tuesday after claims that he bullied colleagues. “I obviously regret appointing someone who has had to resign in these circumstances,” Sunak said during the weekly Prime Minister’s Questions session in parliament. Opposition …
UK’s Rishi Sunak says he regrets making Williamson a minister Read More »
By Sachin Ravikumar and Amanda Ferguson LONDON/BELFAST (Reuters) – The British government on Wednesday pushed back a deadline to hold a new election in Northern Ireland until at least March to provide space for progress in talks between London and Brussels on post-Brexit trade rules governing the region. Northern Ireland has been without a power-sharing …
UK delays Northern Ireland election in hope of progress in EU talks Read More »
By Carolyn Cohn LONDON (Reuters) -Aviva plans “regular and sustainable” investor payouts, its CEO said on Wednesday, as the British insurer reiterated plans for a share buyback programme alongside its 2022 results and posted a rise in nine-month gross written premiums. Aviva, under pressure from activist investor Cevian Capital to increase returns to shareholders, said …
Aviva pledges regular investor payouts as premiums rise Read More »
(Reuters) -UK’s J D Wetherspoon said on Wednesday its sales had slowed in October, but the pub group remained “cautiously optimistic” about its future prospects as younger Britons flock to its taverns. The company, often referred to simply as “Spoons”, reported a 9.6% rise in like-for-like sales for the first quarter plus an additional week …
UK’s Wetherspoon says it is ‘cautiously optimistic’ despite slow October Read More »
By James Davey LONDON (Reuters) -British retailer Marks & Spencer warned on Wednesday of a “gathering storm” of higher costs and pressure on household budgets, as it reiterated full-year profits would fall. The 138-year old clothing and food group, one of the biggest names in British business, reported a 24% decline in profit before tax …
Britain’s M&S warns of ‘gathering storm’ of higher costs and weak consumer Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak said on Tuesday he had accepted minister Gavin Williamson’s resignation “with great sadness” and was grateful for his personal support and loyalty. Williamson said earlier he was quitting to “comply fully” with an investigation into whether he had bullied colleagues while in previous roles. “I support your decision …
UK PM Sunak accepts Williamson’s resignation with ‘great sadness’ Read More »
LONDON (Reuters) -British minister Gavin Williamson resigned on Tuesday from Rishi Sunak’s government to “comply fully” with an investigation into whether he had bullied colleagues while in previous roles. Sunak has come under fire for the choice of some of his ministers after he was elected as Britain’s third prime minister in two months, vowing …
Under-fire UK minister Williamson resigns over bullying claims Read More »
By Sarah Mills LONDON (Reuters) – The new cast of “The Crown” premiered the upcoming season of the hit Netflix series on Tuesday, insisting viewers know it’s a drama and do not need a disclaimer for its fictionalised storylines. The award-winning show, which follows the reign of Britain’s Queen Elizabeth, returns for a fifth season …
New cast of royal series ‘The Crown’ say viewers know it is a drama Read More »
(Reuters) – British stocks fell on Tuesday, dragged down by miners and energy sector shares on worries of softening demand from China, while shares of Associated British Foods jumped after posting higher annual profit. The export-oriented FTSE 100 index fell 0.6% by 0818 GMT. Energy firms slipped 1.1%, while miners shed 0.4%, as worsening COVID-19 …
UK’s FTSE 100 falls as miners, energy stocks weigh Read More »
