Britain's impending exit from the European Union is making it hard to hire workers from the bloc who are at the centre of London's hotel business, operator Millennium & Copthorne Hotels said on Friday.
Private equity fund Causeway Capital Partners confirmed on Thursday that it had agreed terms with administrators to buy British cafe chain owner Patisserie Holdings for an undisclosed sum.
Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd's of London's European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters.
Feb 14 Property and casualty insurer Lancashire
Holdings Ltd will use insurance market Lloyd's of
London's European Union hub in Brussels after Britain
leaves the European Union, its top boss told Reuters.
* Strong interest received for Baker and Spice brand
(Adds Patisserie statement, deal value, Philpotts sale)
Whitbread will buy back an extra 2 billion pounds ($2.58 billion) of shares using proceeds from its Costa Coffee sale and aims to double the long-term network potential at its hotels business to more than 170,000 rooms in Britain and overseas.
* Promises 200 mln stg in cost saving over 3 years
(Adds more details on buyback, hotel plans)
Britain's government is being distracted from embarking on major projects by the impending exit from the European Union while private sector clients are also dragging their heels on starting work, builder Galliford Try said.
Shares in Debenhams surged by a third in value on Tuesday after the embattled UK retail chain secured £40 million in extra funding from some of its lenders, giving it more time to secure its longer-term future.
* Co's FY 2018 revenue tops estimates
(Adds CEO quotes, shares)