News

United Kingdom

AP News | Equities.com |

President Joe Biden’s decision to form a strategic Indo-Pacific alliance with Australia and Britain to counter China is angering France and the European Union. They’re feeling left out and seeing it as a return to the Trump era.

The security initiative, unveiled this week, appears to have brought Biden’s summer of love with Europe to an abrupt end. AUKUS, which notably excludes France and the European Union, is just the latest in a series of steps, from Afghanistan to east Asia, that have taken Europe aback.


Reuters | Equities.com |

British supermarket group Morrisons has agreed to a raised takeover bid worth 6.7 billion pounds ($9.3 billion) from a consortium led by Softbank-owned Fortress Investment Group, it said on Friday.

The new Fortress bid comprises 270 pence per Morrisons share plus a 2 pence a share special dividend.


Kimberly Redmond | Equities.com |

US Broadcasting giant Discovery Inc (Nasdaq: DISCA) is in talks to potentially take over Britain’s state-owned public service channel network, Channel 4 Television Corporation.

The UK government is also holding informal discussions with broadcasters ITV Plc and Comcast Corporation’s Sky and does not expect to close a deal until mid-2022, The Telegraph reported on Saturday.


Kimberly Redmond | Equities.com |

Philip Morris International Inc (NYSE: PM) — the company behind the iconic Marlboro brand — plans to stop selling cigarettes in the UK within 10 years, according to the tobacco group’s chief executive officer Jacek Olczak.

In an interview with the Daily Mail, Olczak said the company wants to phase out the sale of traditional cigarettes and focus more on smoke-free, modern alternatives, like e-cigarettes and heated tobacco devices.


Kimberly Redmond | Equities.com |

A newly-released report found that the COVID-19 pandemic has stalled the UK’s progress in promoting more women to leadership roles.

Published Wednesday by gender diversity company The Pipeline, the Women Count 2021 looked at the makeup of the FTSE 350, an index comprising the constituents of the FTSE 100 and FTSE 250, the largest UK listed companies.


AP News | Equities.com |

Official figures show inflation in the U.K. rising to its highest level in nearly three years because of increases in the prices of food and motor fuel.

The Office for National Statistics said Wednesday that the annual rate of inflation rose to 2.5% in June from 2.1% the previous month. June’s rate is the highest August 2018 when inflation hit 2.7%.


Reuters | Equities.com |

Russia warned Britain on Thursday that it would bomb British naval vessels in the Black Sea if there were any further provocative actions by the British navy off the coast of Russia-annexed Crimea.

Russia summoned the British ambassador in Moscow for a formal diplomatic scolding after the warship breached what the Kremlin says are its territorial waters but which Britain and most of the world say belong to Ukraine.


AP News | Equities.com |

Foreign ministers from the Group of Seven wealthy industrialized nations are gathering Tuesday in London - their first face-to-face meeting in more than two years - to grapple with threats to health, prosperity and democracy.

Host country Britain has warned that the increasingly aggressive activities of Russia, China and Iran pose a challenge to democratic societies and the international rule of law.


Kimberly Redmond | Equities.com |

Uber Technologies plans to recruit 20,000 more drivers in the UK to help fill growing demand for rides as the country continues to ease COVID-19-related restrictions.

On Thursday, the San Francisco-based ride hailing company said it will sign up the additional drivers by the end of 2021, adding to the 70,000 it already has in the UK.


Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) has announced plans to open its first-ever hair salon in London, marking the e-commerce giant’s latest venture into operating physical stores.

The Amazon Salon, unveiled Tuesday in a blog post, will be located in a 1,500-square-foot, two-story space in Spitalfields, a trendy shopping and dining district in East London and a short walk from the company’s UK headquarters.