Yadarisa Shabong

Royal Mail UK parcel volumes fall, outlook uncertain as COVID-19 curbs ease

Jul 21 2021

(Reuters) -Royal Mail Plc said Britons are having fewer parcels delivered to their homes as pandemic curbs are lifted and it withheld from offering an annual outlook for its UK business due to COVID-19 uncertainties, sending shares down 2% to two-month lows.

UK drinks makers bet on summer splurge after pandemic drought

Jul 20 2021

Three UK-listed drinks makers and sellers raised their financial targets on Tuesday betting on people stocking their fridges for the summer and soaring demand from bars and restaurants as they reopen after months of pandemic lockdowns.

EU evaluates Sobi arthritis drug to treat COVID-19 with pneumonia

Jul 19 2021

(Reuters) -Europe's medicines regulator is evaluating an application to use an arthritis drug developed by Sweden's Sobi to treat COVID-19 in adults with pneumonia who are at risk of severe respiratory failure, the agency said on Monday.

Recruiter SThree upbeat on outlook after first-half profit surge

Jul 19 2021

Recruitment company SThree on Monday forecast annual earnings ahead of current market estimates after first-half profit more than doubled and said the pandemic was driving more employers to consider adopting a hybrid work model.

Britain fines drug firms after steroid price for NHS rises over 10,000%

Jul 15 2021

Britain's competition regulator has fined more than 10 drug firms a record combined 260 million pounds ($360 million) for overcharging the National Health Service (NHS) for a steroid which rose from 70p to 88 pounds a pack in under eight years.

Upper Crust-owner SSP's boss announces surprise exit

Jul 14 2021

SSP Chief Executive Simon Smith will step down at the end of 2021 after two years in the role to join a private equity-backed business, the snack food group said on Wednesday, sending its shares to the bottom of Britain's midcap index.

UPDATE 2-Upper Crust-owner SSP's boss announces surprise exit

Jul 14 2021

* Sales in most recent week at 42% of 2019 levels (Adds shares, analyst comment, background)

Tate & Lyle inks $1.7-billion PE deal for commercial sweeteners stake

Jul 12 2021

(Reuters) -Tate & Lyle said on Monday it will sell a controlling stake in its commercial sweeteners unit to a private equity firm in a deal valuing the new standalone business at $1.7 billion including debt as it focuses on healthier food and drinks.

World News

'Pingdemic' puts Britain's food supply under strain

LONDON (Reuters) -British supermarkets said on Thursday that some products were in short supply and petrol stations had been forced to close after the official health app told hundreds of thousands of workers to isolate following contact with someone with COVID-19.