Headline News
UK govt abandons NatWest share sale; to hold Budget Oct 30
The UK government has abandoned a plan to sell its remaining stake in NatWest Bank to the public, said Finance Minister Rachel Reeves, who added that she would hold deliver a Budget statement on October 30.
Sixth Street to buy insurer Enstar in $5.1bn deal
Global insurance group Enstar said on Monday that it has agreed to be bought by investment firm Sixth Street in a $5. 1bn deal.
Outspoken Wetherspoons boss Tim Martin sells nearly £10m worth of shares
The outspoken founder and chairman of JD Wetherspoon, Tim Martin, sold just over 1. 36m shares in the pub chain at the end of last week, it emerged on Monday.
Evri planning to add 9,000 jobs under new ownership
Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand.
Philips surges after Q2 results
Philips surged on Monday as its second-quarter results beat analysts’ expectations, driven mainly by growth in North America, and the Dutch medical device maker reiterated its outlook for the year.
Future CFSO Ladkin-Brand steps down
Media group Future said on Monday that chief financial and strategy officer Penny Ladkin-Brand has stepped down from the board with effect from 28 July.
Reckitt Benckiser tumbles on litigation woes
Consumer goods giant Reckitt Benckiser tumbled on Monday amid concerns about potential litigation.
Heineken shares slide after first-half profit miss
Heineken shares were in the red on Monday morning, after a disappointing first-half operating profit that fell short of analyst expectations.
GSK says RSV jab gets EU recommendation, settles Zantac case
GSK announced a significant development in its respiratory syncytial virus (RSV) vaccine portfolio on Monday, as well as a settlement to one of the Zantac cases.
Cranswick holds guidance as Q1 revenues rise 6.7%
UK food producer Cranswick held annual guidance after first quarter revenue rose 6. 7% on the back of strong volume growth.