LONDON (Reuters) -BT Group met market expectations on Thursday with a 1% increase in first-quarter revenue, helped by price rises and improved trading in its consumer division and Openreach networks. The company, which on Friday faces a strike by 40,000 workers over pay, reported core earnings up 2% at 1.9 billion pounds ($2.3 billion) on …
Britain’s BT returns to revenue growth, reaffirms guidance Read More »
(Reuters) – British car production rose 5.6% in June from a year earlier, as supply chain snags began to ease and zero-emission vehicles saw a record month, an industry body said on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said 72,946 units were built in June, up from 69,097 units last year, but …
UK car production rises in June as supply chain snags ease Read More »
By David Milliken LONDON (Reuters) – Britain’s commercial real estate sector is entering or might already be in a downturn, according to an industry survey, as higher interest rates push up investors’ financing costs and weaker consumer sentiment hurts demand for retail space. The Royal Institution of Chartered Surveyors (RICS) said on Thursday that 43% …
UK commercial real estate entering downturn – RICS Read More »
By Foo Yun Chee BRUSSELS (Reuters) – U.S. satellite operator Viasat’s bid for British satellite telecommunications company Inmarsat will need EU antitrust approval before it can be completed, the European Commission said on Wednesday. Viasat in November last year announced the bid in a deal valued at $7.3 billion in cash, stock and an assumption …
EU antitrust regulators say Viasat’s Inmarsat bid needs their okay Read More »
By Kylie MacLellan LONDON (Reuters) -Britain’s rail network suffered major disruption again on Wednesday as staff walked out in a row over pay and conditions, the latest in a wave of industrial unrest as wages fail to keep pace with soaring inflation. The 24-hour strike by more than 40,000 members of the RMT and TSSA …
Britain’s rail network hit by new strike action over pay dispute Read More »
By Sachin Ravikumar LONDON (Reuters) – McDonald’s will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation. The cheeseburger’s price will now rise to 1.19 pounds from 99 pence. McDonald’s will also increase prices by 10p-20p …
McDonald’s raises UK cheeseburger price for first time in 14 years Read More »
LONDON (Reuters) -The British pound edged higher on Wednesday thanks to a broadly sturdy dollar but gains were capped by a fresh slate of weak data highlighting the problems facing the economy. Gains were also capped ahead of the outcome of a two-day U.S. Federal Reserve meeting where policymakers are widely expected to raise interest …
By Eva Mathews (Reuters) – British American Tobacco said on Wednesday it took a 957 million pound ($1.15 billion) impairment charge related to the transfer of its Russian business, pushing half-year earnings of the Lucky Strike cigarette maker 25% lower. The London-based firm, which also makes Pall Mall and Dunhill cigarettes and controlled almost a …
Lucky Strike maker BAT takes $1.2 billion hit from Russian exit Read More »
By Natalie Grover LONDON (Reuters) – Days after carving out its consumer health business, a slimmed down GSK delivered a strong second-quarter performance on Wednesday, boosting its full-year forecast as demand for its blockbuster shingles vaccine rebounded. After years of underperformance relative to its peers and missing out on the lucrative market for the first …
New GSK takes flight with strong quarter, forecast boost Read More »
By Paul Sandle LONDON (Reuters) – Wizz Air said demand for travel was underpinning higher ticket prices, one positive in first-quarter results that revealed the impact of high fuel prices and disruption at airports across Europe on the low-cost carrier. Operating losses jumped to 285 million euros ($289 million) in the three months to end-June …
Wizz Air sees ‘momentum’ in pricing after tricky start to summer Read More »
