UK News


Ukraine-Russia-073114.jpg A report by the British House of Commons Defense Committee says that that NATO is not well prepared to face the new threat posed by Russia. Citing the recent events in Crimea and Eastern Ukraine, the British MPs said NATO failed to protect one of its allies from an attack by Russia. This should be a wake-up call for NATO and the UK, the report says, and called for "radical reforms." The Defense

BGGroup-073114.jpg Energy company BG Group Plc. (BG.L, BRGYY.PK) Thursday reported increased second-quarter profit, supported by higher revenues, and hiked its interim dividend. Looking ahead, the firm said E&P production guidance remains at the lower end of the provided range, amid issues in Egypt.

Lloyds-Banking-Group-073114.jpg British banking major Lloyds Banking Group Plc Thursday reported a sharp fall in first-half profit, reflecting legacy charges, including 600 million pounds of further provision for Payment Protection Insurance or PPI. Underlying profit climbed from last year.

AstraZeneca-073114.jpg British drug maker AstraZeneca reported Thursday lower profit in its second quarter, despite higher revenues. Core earnings as well as top line beat analysts' estimates. Citing the underlying performance, the company lifted its forecast for fiscal 2014 earnings and sales.

Shell-073014.jpg European oil giant Royal Dutch Shell Plc. Thursday reported a significant increase in second-quarter profit, amid improvement in revenues. Production was in line with last year and the energy firm announced an increased dividend for the second quarter.

BoE-073014.jpg The Bank of England on Wednesday outlined plans to tighten bankers' bonus rules that eventually limits their inclination to take high risk. According to the new proposal, bankers could be forced to pay back their bonuses up to seven years from the date of payment if they break financial conduct rules.

Barclays-073014.jpg British lender Barclays Plc Wednesday reported a sharp increase in first-half profit, while adjusted profit declined by currency movements and a fall in Investment Bank income. Antony Jenkins, Group chief executive said, "Performance in the Investment Bank was impacted by the repositioning underway as well as difficult trading conditions in the quarter, but it is where we expected it..."

British-American-Tobacco-073014.jpg British American Tobacco Plc reported lower profit in its first half as revenues were hurt by reduced cigarette volumes and negative currency impacts, despite the continued growth of the Global Drive Brands. Looking ahead, the tobacco company said it remains on track for another good performance, and that it is confident of high single-digit earnings growth at constant rates of exchange.

Total-073014.jpg French oil and gas giant Total SA Wednesday said second-quarter profit declined from the prior year, amid exceptionally heavy maintenance in the Upstream business. Hydrocarbon production fell 10 percent from last year.

Airbus-073014.jpg French aerospace giant Airbus Group (EADSF.PK, EADSY.PK), previously known as EADS, Wednesday reported growth in profit as well as revenue for the second quarter and the first half of the year, helped by operational improvement and the focus on program execution.

UK-Houses-072914.jpg U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February.

Dominos-Pizza-072914.jpg Domino's Pizza Group Plc Tuesday said profit for the first half of the year increased significantly from last year, amid strong performance in the U.K. The company said it also plans to resume the share buyback program.

BP-072914.jpg BP Plc. (BP.L, BP_UN.TO, BP) Tuesday reported increased profit for the second quarter, despite decreased production. The oil giant also warned that further international sanctions on Russian energy firm Rosneft, in which it has a significant stake, could have a material adverse impact on its investment.

Next-Plc-072914.jpg UK-based retailer Next Plc reported Tuesday higher NEXT Brand sales in the second quarter, with improved performance in retail and Directory divisions. Citing the better- than- expected performance, the company lifted its forecast for fiscal 2014 profit and sales growth. Next shares were gaining around 2 percent in the early morning trading in London.

Reckitt-Benckiser-072814.jpg Consumer goods giant Reckitt Benckiser Group Plc Monday reported higher first-half profit, as like-for-like revenue grew on consumer health performance. The company also said it will spin off its pharmaceutical unit Reckitt Benckiser Pharmaceuticals, or RBP.