Exclusive-US Fund KPS explored takeover offer for UK’s Elementis –sources
By Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) -KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis but has since paused its work, two people familiar with the…
UK’s Phoenix Group says Nicholas Lyons to return as chair in December
(Reuters) – British insurer Phoenix Group said on Wednesday Nicholas Lyons will return as chair of its board in December, after he stepped down last year to take up the full-time role…
UK’s IFS sees 90% chance of budget deficit overshoot by 2027/28
By David Milliken LONDON (Reuters) – Britain’s Institute for Fiscal Studies (IFS) estimated on Thursday that there was a 90% chance that public borrowing in four years’ time would be higher than…
Volkswagen, Stellantis join calls for clarity on UK’s 2030 petrol car ban
LONDON (Reuters) – The British arms of Volkswagen and Stellantis called for clarity on regulation after reports that Britain was planning to delay a 2030 ban on new petrol and diesel car…
UK’s Hunt to focus on reducing inflation in November budget update – Bloomberg
LONDON (Reuters) – British finance minister Jeremy Hunt will focus his Nov. 22 budget update on reducing inflation and does not expect forecasts to show the government has extra money to spend,…
UK’s Pret takes coffee subscription service to US and France
By James Davey LONDON (Reuters) – British sandwich and coffee chain Pret A Manger will launch its monthly coffee subscription service in the United States and France this year after the scheme…
UK’s Domino’s Pizza Group names new CEO
(Reuters) -Domino’s Pizza Group said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operator of the pizza chain, will join the UK firm in August…
UK’s Hunt says government and BoE will tame inflation
By David Milliken LONDON (Reuters) – Britain’s government and the Bank of England “will do what is necessary, for as long as necessary” to return inflation to its 2% target, finance minister…
UK’s Hunt backs regulator to ensure banks pass on better rates to savers
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest rates must…
UK’s King Charles to meet Biden at Windsor Castle on July 10 – palace
LONDON (Reuters) – Britain’s King Charles will meet U.S. President Joe Biden at Windsor Castle on July 10, a spokesperson for Buckingham Palace said on Sunday. The spokesperson said further details would…
UK’s Wallace says he does not expect to succeed Stoltenberg at NATO
LONDON (Reuters) -British defence minister Ben Wallace said on Wednesday he did not expect to succeed Jens Stoltenberg as NATO secretary general, The Economist magazine reported. Stoltenberg is due to step down…
UK’s Asda to buy EG petrol stations unit in $2.9-billion deal
By Paul Sandle LONDON (Reuters) – British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the…
UK’s Melrose Industries lifts 2025 expectations on aerospace focus
(Reuters) – Melrose Industries Plc expects its engines business to power its profit margins in 2025 as aftermarket services would help boost cashflow, enabling it to buy back shares worth between 5%…
UK’s Sunak may fall short on 2023 inflation goal, NIESR forecasts
By David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little sign of having peaked in Britain or…
UK’s Pret hikes price of coffee subscription service, offers food discount
LONDON (Reuters) – British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include…
Protesters delay UK’s Grand National horse race, 118 arrested
LIVERPOOL, England (Reuters) -The start of the annual Grand National horse race was briefly delayed on Saturday after a large group of animal rights protesters forced their way into the Aintree grounds…
UK’s William Hill given record $24 million fine for gambling failures
By Sarah Young LONDON (Reuters) – Britain’s Gambling Commission has handed a 19.2 million pound ($23.7 million) fine to the William Hill betting group, the biggest penalty ever issued by the regulator,…
UK’s WPP buys Obviously to expand social influencer marketing business
(Reuters) – British advertising group WPP said on Monday it has acquired Obviously, a New York-based social influencer marketing agency, for an undisclosed sum. The deal comes less than a week after…
UK’s Hunt sets out English ‘investment zones’ ahead of budget
MANCHESTER, England (Reuters) – Britain’s finance minister Jeremy Hunt announced on Monday he would create 12 “investment zones” in England to spur the regional economy outside London, a scaled-back version of a…
UK’s Sunak says upcoming budget to cut debt, not taxes
By Alistair Smout PARIS (Reuters) – British Prime Minister Rishi Sunak said on Friday that his government would prioritise reducing the country’s debt over cutting taxes in next week’s budget, which would…
UK’s Sunak says the economy’s fundamentals are strong
PARIS (Reuters) – Prime Minister Rishi Sunak said on Friday that recent indicators showed the underlying fundamentals of Britain’s economy were strong, ahead of his finance minister Jeremy Hunt’s budget statement next…
Boeing, Airbus pair up to bid for UK’s helicopter contract
(Reuters) – U.S. planemaker Boeing Co and its European rival Airbus SE have teamed up to bid for a UK government contract that would provide helicopters for the Royal Air Force and…
Norse Atlantic adds new US destinations from UK’s Gatwick as demand surges
LONDON (Reuters) – Norway-based airline Norse Atlantic said it will add Los Angeles, San Francisco, Washington, D.C., and Boston to its summer schedule from London Gatwick airport this year, as it seeks…
UK’s Hunt has extra 30 billion pounds to play with in March budget, IFS says
By David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt may have a 30 billion-pound ($36 billion) windfall at next month’s budget, but this will be too short-lived to fund permanent…
UK’s Sunak to meet EU chief in push to finalise Northern Ireland deal
By William James LONDON (Reuters) -British Prime Minister Rishi Sunak will meet European Union chief Ursula von der Leyen on Monday in an effort to finalise a new deal for Northern Ireland’s…
UK’s shortest-serving PM Liz Truss blames economic ‘orthodoxy’ for downfall
LONDON (Reuters) – Former British prime minister Liz Truss blamed on Sunday the economic “orthodoxy” in the country’s finance ministry, other nations and in parts of the governing Conservative Party for derailing…
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