10 February

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Sterling breaks above $1.38, highest since April 2018 By Reuters

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By Joice Alves LONDON (Reuters) - Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in almost three years as Britain's speedy coronavirus inoculation programme supports the currency. The pound has gained broadly in the past few weeks amid optimism over Britain’s rapid COVID-19 vaccination roll-out, while its Brexit deal with the European Union has also...

10 February

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UK’s Dunelm Group resumes dividend, posts higher first-half profit By Reuters

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(Reuters) - British homeware retailer Dunelm Group reinstated its interim dividend and reported a higher first-half profit on Wednesday, as online demand surged, and more people stuck at home shopped for its products to refurbish their living spaces. However, the company, which currently has just one store open to customers under Britain's latest lockdown, said it has been covering about 70% of...

10 February

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E-commerce boom limits pandemic pain for Smurfit Kappa By Reuters

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DUBLIN (Reuters) - Smurfit Kappa said on Wednesday packaging used in e-commerce sales grew 25% in its main market Europe last year during the coronavirus crisis, helping the region's largest paper packaging producer beat its 2020 earnings guidance. The Irish group's core earnings fell 9% to 1.51 billion euros ($1.83 billion) in 2020, but it was still ahead of the 1.46 billion...

10 February

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Britain’s Sainsbury’s to match Aldi prices By Reuters

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LONDON (Reuters) - Britain's second largest supermarket group, Sainsbury's, said on Wednesday it will start price matching discounter Aldi on hundreds of products, firing the latest salvo in the UK's highly competitive grocery market. Sainsbury's said it would price match the German-owned discounter on around 250 products, including meat, chicken, fresh fruit, vegetables and dairy. Market leader Tesco (LON:TSCO) started...

10 February

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Not yet clear whether Britons can take holidays this year: minister By Reuters

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LONDON (Reuters) - British transport minister Grant Shapps said he couldn't say whether people would be able to take holidays at home or abroad this year, as it depends on how the virus, and particularly new variants of the virus, respond to vaccines. "I'm afraid I can't give you a definitive will there or will there not be the opportunity to...

10 February

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South Africa says selling or swapping AstraZeneca doses are options By Reuters

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By Alexander Winning and Wendell Roelf JOHANNESBURG (Reuters) - South Africa's health minister said on Wednesday the government may sell or swap its doses of the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine, but it would wait for advice from scientists as it prepares to roll out an alternative U.S. shot next week. South Africa paused...

10 February

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JPMorgan hires former UK lawmaker Chuka Umunna to ESG role By Reuters

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LONDON (Reuters) - JPMorgan (NYSE:JPM) has hired former senior British politician Chuka Umunna to head up its environmental, social and governance (ESG) work in Europe, the Middle East and Africa. The appointment was announced within the bank in a memo seen by Reuters and reported earlier by the Financial Times. A JPMorgan spokesman confirmed the contents of the memo. The hiring makes...

10 February

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London stocks rise on upbeat earnings; Dunelm jumps By Reuters

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(Reuters) - UK stocks rose on Wednesday as a clutch of positive corporate results helped outweigh concerns about the economic impact from prolonged coronavirus-induced lockdowns, with Dunelm jumping after saying it would resume dividend payouts. The homeware retailer also reported a higher first-half profit on strong online demand, sending its shares 6.1% higher. The blue-chip FTSE 100 was up 0.6% by 0806...

10 February

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Homebuilder Persimmon sets aside 75 million pounds to fix cladding issues By Reuters

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(Reuters) - British homebuilder Persimmon (LON:PSN) said on Wednesday it earmarked 75 million pounds for removing or replacing cladding material in some of its buildings for fire safety concerns. The move comes ahead of an update by housing minister Robert Jenrick in parliament slated for later today, with the Guardian reporting https://www.theguardian.com/society/2021/feb/09/ministers-to-increase-financial-support-for-cladding-removal that ministers are set to announce billions of...

10 February

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Europe’s summer abroad cancelled as staycation bookings soar By Reuters

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By Padraic Halpin, Sarah Young and Simon Johnson CONNEMARA, Ireland (Reuters) - Up until late January Terry O'Toole was fielding a trickle of enquiries from Irish holidaymakers happy to settle for another summer at home in one of the cottages he manages in the scenic west coast region of Connemara. But when a...

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News

Sterling breaks above $1.38, highest since April 2018 By Reuters

UK’s Dunelm Group resumes dividend, posts higher first-half profit By Reuters

E-commerce boom limits pandemic pain for Smurfit Kappa By Reuters

Britain’s Sainsbury’s to match Aldi prices By Reuters

Not yet clear whether Britons can take holidays this year: minister By Reuters

South Africa says selling or swapping AstraZeneca doses are options By Reuters

JPMorgan hires former UK lawmaker Chuka Umunna to ESG role By Reuters

London stocks rise on upbeat earnings; Dunelm jumps By Reuters

Homebuilder Persimmon sets aside 75 million pounds to fix cladding issues By Reuters

Europe’s summer abroad cancelled as staycation bookings soar By Reuters

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