LONDON (Reuters) – Mitie (MTO.L: Quote, Profile, Research, Stock Buzz) spent 111 million pounds ($178 million) on home care firm Enara on Tuesday, marking its first move into Britain’s expanding outsourced health and social care sector.
Mitie said it aimed to benefit from the UK’s ageing population and cost pressures forcing a shift from hospitals and residential care homes towards greater care in the community.
LONDON, Oct 4 (Reuters) – Support services and construction
firm Carillion is in line for potential contracts in
the Middle East worth more than 3 billion pounds ($4.82 billion)
in the next four months as infrastructure projects in the region
show signs of life.
Decisions on many Middle Eastern construction contracts have
run into planning delays on large scale developments and
financing bottlenecks due to the impact of the euro zone crisis
on banks. But Carillion said on Thursday it was hopeful of
LONDON, Oct 3 (Reuters) – British outsourcing firm Capita
said on Wednesday it had lost out on a new government
contract to run criminal records checks after the Home Office
pursued talks with a rival supplier.
The trade union representing staff under Capita’s existing
contract said the coalition government is likely to award the
deal to Tata Consultancy Services, part of India’s
salt-to-steel conglomerate Tata Group. Analysts also expected
TCS to get the nod.
LONDON, Oct 3 (Reuters) – Britain’s biggest retailer Tesco
managed to halt an 18-month slide in its sales, but the billion
pounds ($1.6 billion) it is spending to do so meant profits fell
by more than 10 percent in the first half, the first decline in
The company said the 0.1 percent rise in underlying sales in
the second quarter – an improvement from the 1.5 percent fall in
the first quarter – meant its costly plan to bring customers
back by adding staff and smartening up its stores was working.
LONDON, Oct 3 (Reuters) – Tesco, Britain’s biggest
retailer, showed its fightback plan following a shock profit
warning was starting to make a difference as it stemmed sales
falls, but its performance was outshone by rival J Sainsbury
Tesco, the world’s third-largest retailer behind France’s
Carrefour and U.S. leader Wal-Mart, launched a 1
billion pound ($1.61 billion) recovery plan in April to reverse
a steady decline in UK market share to Wal-Mart’s Asda,
Sainsbury and Morrisons.
LONDON, Oct 3 (Reuters) – J Sainsbury, Britain’s
third-biggest supermarket group, posted better than expected
quarterly sales growth, boosted by strong take-up of its own
label range and the roll-out of its convenience stores.
Sainsbury, which trails industry leader Tesco and
Wal-Mart’s Asda by market share, said on Wednesday sales
at stores open over a year, excluding fuel, rose 1.9 percent in
the 16 weeks to Sept. 29, its fiscal second quarter.
LONDON (Reuters) – Improving industrial and residential activity in North America offset weak European markets for British plumbing and building supplies group Wolseley (WOS.L: Quote, Profile, Research, Stock Buzz) over the past year, leading to a 10.4 percent rise in trading profit.
The group, which operates the Plumb Center and Ferguson chains in the UK and the U.S., also declared a special dividend of 350 million pounds ($565 million) on Tuesday, largely from proceeds from disposals of businesses and assets during the year.
LONDON, Oct 1 (Reuters) – JJB Sports is closing the
bulk of its stores with the loss of around 2,200 jobs, the
latest British retailer to fall victim to a downturn in consumer
spending after administrators found a buyer for only 20 of its
Debt-laden JJB said on Monday administrators KPMG had sold
20 stores to British retailer Sports Direct, controlled
by Newcastle United soccer club owner Mike Ashley, in a 23.77
million pound ($38 million) deal that would save 550 jobs.
LONDON (Reuters) – Security firm G4S (GFS.L: Quote, Profile, Research, Stock Buzz) stood by its chief executive Nick Buckles and said two other senior executives would go following its probe into an embarrassing Olympic contract blunder.
The debacle began when the firm admitted just two weeks before the Olympics that it could not provide a promised 10,400 guards, forcing troops to step in and make up the shortfall.
LONDON, Sept 13 (Reuters) -
Marks & Spencer has fixed the stock management problems
that hit womenswear sales in the last six months, its CEO said,
adding he did not feel under pressure from investors despite
renewed talk of a possible bid for the British retailer.
In July Britain’s largest clothing retailer M&S shook up its
general merchandise management team after posting its biggest
quarterly sales drop for 3-1/2 years, blaming wet summer weather
and stock management issues that left its stores short of best