Edition:
United States

Noor Zainab Hussain

Former boss makes $1.7 billion bid for struggling UK lender Provident

Feb 22 2019

The former boss of Provident Financial is leading an unsolicited 1.3 billion pound ($1.7 billion) bid to buy the firm where he spent 22 years but which has run into trouble with regulators worried about the rates it charges on loans.

UPDATE 2-Britain's Purplebricks changes management as shares plummet on revenue warning

Feb 21 2019

* Brokers put forecasts, recommendations under review (Adds analyst comments, details, updates shares, graphic)

Mall operator Intu shares slump after dividend axed amid retail shakeout

Feb 20 2019

British shopping centre operator Intu Properties scrapped its final dividend on Wednesday due to tough conditions in the retail sector, sending its shares down more than 12 percent.

UPDATE 2-Mall operator Intu shares slump after dividend axed amid retail shakeout

Feb 20 2019

* Shares fall across UK shopping centre owners (Adds CFO comments, details, graphic)

Vegan sausage rolls bring in the dough at UK baker Greggs

Feb 19 2019

Strong demand for Greggs' new vegan sausage roll prompted Britain's biggest baker to raise its 2019 profit expectations on Tuesday, boosting its shares to a record high.

UPDATE 2-Vegan sausage rolls bring in the dough at UK baker Greggs

Feb 19 2019

* Shares jump as much as 11 percent to record high (Adds details on vegan trend, analyst comments, shares)

Hotel group Millennium & Copthorne sees Brexit-led hiring crunch

Feb 15 2019

Britain's impending exit from the European Union is making it hard to hire workers from the bloc who are at the centre of London's hotel business, operator Millennium & Copthorne Hotels said on Friday.

Patisserie Valerie rescued by Irish fund Causeway

Feb 15 2019

Private equity fund Causeway Capital Partners confirmed on Thursday that it had agreed terms with administrators to buy British cafe chain owner Patisserie Holdings for an undisclosed sum.

Insurer Lancashire to use Lloyd's Brussels hub after Brexit

Feb 14 2019

Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd's of London's European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters.

Insurer Lancashire to use Lloyd's Brussels hub after Brexit

Feb 14 2019

Feb 14 Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd's of London's European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters.

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