News

Mobico shares hit as warns of "significant" loss; sells School Bus arm
(Alliance News) - Mobico Group PLC on Friday said it expects to suffer a "significant" annual loss due to write-offs of goodwill, as it also announced the planned sale of a business.
LONDON BROKER RATINGS: HSBC cuts Smith & Nephew to 'hold'
Barclays cuts Smiths Group price target to 2,020 (2,290) pence - 'equal weight' Deutsche Bank Research cuts St James's Place price target to 1,100 (1,200) pence - 'buy' ...
UK consumer confidence slides amid household bill hikes and US tariffs
(Alliance News) - Consumer confidence in the UK has seen a sharp drop as households grapple with across-the-board bill hikes and face new warnings of rising inflation. GfK's long-running consumer ...
UK retail sales slow in March but exceeds consensus amid good weather
UK retail sales slowed in March but exceeded consensus as good weather drove footfall, a report from the Office for National Statistics showed on Friday. UK retail sales volumes rose by 0.4% in March, ...
EU-UK talks making "good progress" says Downing Street
(Alliance News) - Talks on strengthening UK-EU relations have made "good progress", Downing Street has said following a meeting between Keir Starmer and European Commission President Ursula von der ...
UK vehicle production falls 6.3% on-year in first quarter - SMMT
UK car and commercial vehicle manufacturing production declined in the first quarter, ahead of new US tariff announcements, data published by the Society of Motor Manufacturers & Traders showed Friday ...
UK's Reeves to hold trade talks with US counterpart in Washington
(Alliance News) - Rachel Reeves will meet her US counterpart on Friday as she attempts to make progress on a trade deal during her visit to Washington.
LONDON MARKET OPEN: London muted following soft UK retail sales data
(Alliance News) - London's FTSE 100 was broadly flat at the market open on Friday, following a soft UK retail sales reading and ahead of a meeting in Washington in which the UK chancellor hopes to ...
LONDON BRIEFING: Mobico sells School Bus business; Evoke revenue rises
London is set to open higher on Friday, as UK Chancellor Rachel Reeves is set to enter talks in Washington for a possible US-UK trade deal, and a data reading shows a slowdown in March retail sales ...
Topps Tiles to divest four CTD Tiles stores, receives UK CMA approval
(Alliance News) - Topps Tiles PLC on Thursday said it has received approval from the UK Competition & Markets Authority in relation to its acquisition of CTD Tiles Ltd, a tile retailer to the trade, ...
Babcock says annual underlying operating profit beats expectations
In a trading update, Babcock said underlying operating profit grew 17% to GBP363 million with an underlying operating margin of 7.5%. In the financial year to March 2024, Babcock reported revenue of ...
US trade talks overshadow UK's Rachel Reeves's mission to Washington
(Alliance News) - Questions about a possible US trade deal continue to overshadow Rachel Reeves's mission to Washington as she prepares for talks with her US counterpart. The UK chancellor has ...