Other Company News
Heathrow denies report that third runway has been scrapped
London's Heathrow Airport has denied a report by the Sunday Times that plans to add a third runway had been shelved.
Body Shop to shutter roughly half of UK locations
Cosmetics company The Body Shop will shutter roughly half of its UK storefronts and lower staffing numbers at its London head office by approximately 40%, leading to hundreds of job losses in the process.
Thames Water names Chris Weston as CEO
Thames Water revealed on Thursday that former Chris Weston was set to take over as chief executive officer.
Epiris and Newlat to duke it out in fight for Princes
British private equity firm Epiris and Italian food manufacturer Newlat were said to be the two remaining bidders in the sale of tinned produce business Princes, which has been up for sale for months.
PricewaterhouseCoopers to cut up to 600 jobs
Accounting giant PricewaterhouseCoopers will cut approximately 600 UK-based roles, a move that comes hot on the heels of similar moves by fellow "Big Four" firms KPMG and Deloitte.
Heathrow YTD losses narrow amid strong summer demand
Heathrow Airport upped its full-year passenger forecast on Thursday as it posted a narrowing of its year-to-date losses following strong demand for travel through the summer months.
Hitachi Rail selling signalling business to push through Thales merger
Hitachi Rail will offload part of its mainline signalling business in order to push through its proposed €1. 7bn purchase of Thales Ground Transportation.
FCA slaps ADM Investor Services with £6.47m fine
Broker ADM Investor Services has been fined £6. 47m by the financial services watchdog for failing to have adequate anti-money laundering systems and controls.
Prezzo to shutter 46 loss-making sites
Restaurant operator Prezzo will shutter 46 loss-making locations as the group continues to battle rising energy and food costs.
Marks Electrical reports record FY revenues
Online electrical retailer Marks Electrical Group said on Wednesday that it had delivered record full-year revenues as it made continued market share gains throughout the period.
Ofwat tightens stance on dividend policies
Water industry watchdog Ofwat will halt the payment of dividends by water company if it tests their financial resilience and take action against group's that fail to link dividend payments to performance.
John Lewis names Nish Kankiwala as CEO
Retailer John Lewis Partnership has tapped former Hovis head Nish Kankiwala to take over as chief executive on 27 March as part of an effort to drive profitability.
HS2 construction to be delayed in cost cutting effort
Downing Street was said to be preparing to announce that construction of certain sections of HS2 will be pushed out as part of an effort to cut costs.
Silvergate Capital to liquidate banking unit
Cryptocurrency bank Silvergate's holding company revealed on Thursday that it intends to wind down operations and voluntarily liquidate its banking division.