Edition:
United States

Shashwat Awasthi

Mothercare completes store closures, targets online growth

May 24 2019

Mothercare saved more money than expected last year from the store closures on which it has pinned its recovery hopes, helping it cut net debt by 84% to 6.9 million pounds.

UPDATE 2-Mothercare completes store closures, targets online growth

May 24 2019

* Shares rise by as much as 20% (Adds details of restructuring, analyst comment)

Turmoil over future of PM May, Brexit bruises British stocks

May 23 2019

Heightened concerns over the course of Brexit and mounting pressure on Prime Minister Theresa May to step down weighed heavily on Britain's mid-cap index and domestically-focused blue-chip stocks on Thursday.

UPDATE 3-Turmoil over future of PM May, Brexit bruises British stocks

May 23 2019

* Serco surges after deal to buy U.S. defence supplier (Adds news items, comment, graphic, updates to closing prices)

Merlin shareholder wants Madame Tussauds owner to go private

May 23 2019

Hedge fund ValueAct has urged London Eye and Legoland operator Merlin Entertainments to pursue a deal to take the company private, claiming it could fetch around 30% more than its current market valuation.

Royal Mail puts parcels at heart of growth plan

May 22 2019

Royal Mail Plc slashed its dividend by 40% on Wednesday to fund a new five-year turnaround drive focused on expanding its parcels business internationally to better position the group for a future dominated by online deliveries.

UPDATE 3-Royal Mail puts parcels at heart of growth plan

May 22 2019

* UK growth, parcels push main priority - CEO (Adds CEO, analyst comments, shares, details on parcels push)

New Brexit deal, Huawei reprieve boost FTSE 100

May 21 2019

The FTSE rose on Tuesday, helped by a rally in homebuilders amid news of a proposed parliamentary vote on a second Brexit referendum and gains in Asia-facing stocks after the United States relaxed restrictions on China's Huawei.

UPDATE 2-New Brexit deal, Huawei reprieve boost FTSE 100

May 21 2019

* Builder Galliford jumps after job cuts (Adds company news items, updates to closing prices)

FTSE 100 drops as Just Eat rues Amazon backing rival, exporters cushion fall

May 17 2019

London's main share index dipped on Friday, as Just Eat slumped after Amazon backed rival food delivery firm Deliveroo in a funding round, but losses were limited as exporters were helped by a slide in sterling amid renewed Brexit jitters.

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