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United States

James Davey

Store sales weigh on UK's Next, with fourth profit fall in prospect

Mar 21 2019

LONDON British clothing chain Next forecast a fourth straight fall in annual profit on Thursday as it grapples with the sector's structural shift from physical stores to online.

Kingfisher CEO to leave after profits go into reverse

Mar 20 2019

LONDON Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan that was designed to boost earnings.

Brexit crisis tipped for British asparagus as EU seasonal workers stay away

Mar 18 2019

ROSS-ON-WYE, England For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England. | Video

British parliament to vote on Brexit delay, PM seeks to revive her deal

Mar 14 2019

LONDON, March 14 Britain's parliament was due to vote on Thursday on whether to delay Brexit beyond March 29 and Prime Minister Theresa May prepared to push lawmakers to vote again before then on her EU divorce deal, which they have twice rejected.

Toilet rolls and painkillers - Britons stock up ahead of Brexit, Morrisons says

Mar 13 2019

LONDON Toilet rolls and painkillers are some of items Britons have started to stockpile ahead of a potential no-deal Brexit, supermarket Morrisons said on Wednesday, as it posted a rise in profit and paid its third special dividend in a year.

UPDATE 2-Toilet rolls and painkillers - Britons stock up ahead of Brexit, Morrisons says

Mar 13 2019

* Pays another special dividend (Adds detail, CEO, analyst comment, shares)

REFILE-As vote looms, Britain tells EU: Give ground or risk Brexit chaos

Mar 08 2019

LONDON, March 8 British Prime Minister Theresa May was planning to turn up the pressure on the European Union on Friday to break an impasse in Brexit negotiations with a speech saying the bloc would be damaged too if Britain left without a deal.

UK's John Lewis cuts staff bonus ahead of Brexit

Mar 07 2019

LONDON Britain's John Lewis Partnership said it is as ready as it can be for Brexit, whatever scenario, after reporting a 45 percent drop in full year profit and cutting its staff bonus to the lowest level in 66 years on Thursday.

Britain's Greggs starts year on a roll with special payout promise

Mar 07 2019

LONDON British baker and takeaway food group Greggs said on Thursday it expected to pay a special dividend in July after a "very strong" start to 2019 as it reported a 10 percent rise in 2018 profit.

UPDATE 2-Britain's Greggs starts year on a roll with special payout promise

Mar 07 2019

* Shares up 41 percent so far this year (Adds detail, analyst comment, shares)

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