Edition:
United States

Tanishaa Nadkar

Ted Baker caps off tough year with first profit drop in a decade

Mar 21 2019

Ted Baker reported its first drop in annual profit since the 2008 financial crisis, highlighting tough conditions on Britain's high streets, as the fashion retailer faces life without its founder.

Weak smartphone demand hits IQE's earnings; shares tumble

Mar 20 2019

Britains's IQE Plc missed its own full-year core earnings forecast as weakness in the smartphone market hit demand for semiconductor components, prompting its chief executive to call 2018 "a very difficult and challenging year".

Broker TP ICAP prepares for no-deal Brexit with extra staff in Paris

Mar 19 2019

TP ICAP is putting extra broking staff into its European offices outside London to help clients deal with any disruptions if Britain exits the trading bloc without a deal.

UPDATE 2-Broker TP ICAP prepares for no-deal Brexit with extra staff in Paris

Mar 19 2019

* Spent 3 mln stg to be Brexit ready (Adds CEO, CFO comments, shares, details)

Provident will not sell home credit unit even as NSF closes in

Mar 13 2019

Provident Financial will not sell its troubled home credit unit as the subprime lender grows its banking business and stands its ground against a hostile takeover bid by smaller rival Non-Standard Finance, its CEO said.

UPDATE 2-Provident will not sell home credit unit even as NSF closes in

Mar 13 2019

* Reiterates NSF offer not in the interests of all shareholders (Adds CEO, analyst comments, shares, graphic)

Non-Standard Finance still confident on its hostile bid for Provident

Mar 08 2019

The CEO of UK subprime lender Non-Standard Finance (NSF) said on Friday he was still confident the group's 1.3 billion pound hostile takeover bid for bigger rival Provident Financial would succeed but declined to say whether it would increase its offer.

UPDATE 3-Britain's Non-Standard Finance still confident on its hostile bid for Provident

Mar 08 2019

* Canaccord analyst do not expect rival bid (Adds details about share price, bid value, analyst comment)

UK building supplier SIG's profit jumps as cost-cutting pays off

Mar 08 2019

British building materials supplier SIG's cost-saving efforts helped it post a 25 percent jump in full-year profit, lifting its share price by 11 percent on Friday, although it warned sales could continue to fall in 2019.

UPDATE 2-UK building supplier SIG's profit jumps as cost-cutting pays off

Mar 08 2019

* More job cuts in 2019; Reviewing options for air handling unit

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