Moody's affirms UK credit rating and outlook before budget

(Alliance News) - Moody's late Friday affirmed the UK's Aa3 credit rating and 'stable' outlook ahead of next week's budget, noting "balanced risks to the economic and fiscal outlook". The UK has ...

UK chancellor to "grip cost of living" in budget as tax hikes expected

(Alliance News) - UK Chancellor Rachel Reeves has pledged to "grip the cost of living" in her budget next week. In an example of one move aiming to ease the pressure on people's finances, rail fares ...

AstraZeneca unveils USD2 billion manufacturing investment in Maryland

(Alliance News) - AstraZeneca PLC on Friday announced plans to invest USD2 billion to expand its long-standing manufacturing footprint in Maryland.

PRESS: Unilever considering sale of Marmite, Colman's brands - Reuters

(Alliance News) - Unilever PLC is considering the sale of several iconic British food brands, including Marmite yeast spread, Colman's mustard and Bovril beef extract, Reuters reported late Thursday, ...

PPHE Hotel Group hires bankers Rothschild to run formal sale process

PPHE develops and operates Park Plaza hotels under license from Radisson Hotel Group. It also owns the art'otel brand. Its Croatian subsidiary Arena Hospitality Group is listed on the Zagreb Stock ...

Inspecs extends offer deadline as Safilo competes with private equity

(Alliance News) - Inspecs on Friday extended the deadline for potential acquisition bids, as it acknowledged possible offers from Milan-listed Safilo Group Spa and British private equity firms.

Budget cannot see UK 'muddle through', says Chancellor Reeves

(Alliance News) - Britain cannot continue to "muddle through" and must take "a different path" on the economy, the Chancellor of the Exchequer said. Ahead of her second Budget on November 26, Rachel ...

UK private sector expansion dries up but manufacturing back in growth

"Survey data indicated that a boost in domestic orders and a less severe decline in export market demand supported increased production. Goods producers often reported weak global demand and increased ...

GSK subsidiary Tesaro sues AnaptysBio over Jemperli license breach

(Alliance News) - GSK PLC on Thursday announced that its subsidiary Tesaro has filed a lawsuit against AnaptysBio Inc, alleging material breach of their license agreement.

LONDON MARKET CLOSE: FTSE 100 closes testing week with modest gains

The FTSE 100 index closed up 12.06 points, 0.1%, at 9,539.71. The FTSE 250 ended 20.98 points lower, 0.1%, at 21,363.37, while the AIM All-Share fell 5.56 points, 0.8%, to 735.64. For the week, the ...

Hammerson raises guidance and takes full ownership of Reading's Oracle

(Alliance News) - Hammerson PLC on Friday said it has bought the remaining 50% interest in The Oracle in Reading, England from its joint venture partner for GBP104.5 million.

UK government borrowing tops forecast in October ahead of budget

The Office for National Statistics said net borrowing amounted to GBP17.43 billion in October, easing from GBP19.89 billion in September, but above an FXStreet cited forecast of GBP15.2 billion.