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Situation in Myanmar extremely worrying, UK minister says By Reuters

LONDON (Reuters) - The situation in Myanmar is extremely worrying and the British authorities are monitoring it closely, a minister said on Monday after the military in the Asian country seized power in a coup against the democratically elected government. "It's clearly an extremely worrying situation in Myanmar," said junior health minister Helen Whately, the first British minister to appear on the...

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UK minister: We hope record fundraiser Captain Tom pulls through By Reuters

LONDON (Reuters) - A British minister said she was hoping centenarian Captain Tom Moore, who raised millions of pounds for the health service in last year's lockdown, would pull through after the record-breaking fundraiser was admitted to hospital with COVID-19. Moore, who became a national hero after he raised more than 30 million pounds ($41 million) by walking lengths of his garden,...

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Britain’s ASOS buys Topshop brand for 265 million stg By Reuters

LONDON (Reuters) - ASOS (LON:ASOS) has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green's collapsed Arcadia group for 265 million pounds ($364 million), the British online fashion retailer said on Monday. The deal for Arcadia's prized brands does not include its stores, putting thousands of jobs at risk. ($1 = 0.7279 pounds) ...

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Hargreaves boosts dividend as interim profit jumps, new clients at record level By Reuters

(Reuters) - British fund supermarket Hargreaves Lansdown (LON:HRGV) raised its dividend and posted a 10% jump in profit for the first half of its fiscal year, as it brought in a record number of new clients on the back of a market recovery post the coronavirus selloff. "As our client numbers continue to grow, we are finding that younger people...

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Asian shares rally as retail crowd catch silver bug By Reuters

By Wayne Cole SYDNEY (Reuters) - Asian shares rallied on Monday and U.S. stock futures recouped early losses as newly empowered retail investors turned their attention to precious metals, promising a respite to some hard-hit hedge funds. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.4% after four straight sessions of losses. Japan's Nikkei added 1.2%, after shedding almost 2%...

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Clariant chairman Kottmann to exit, bowing to SABIC pressure By Reuters

ZURICH (Reuters) - Clariant Chairman Hariolf Kottmann said he would not stand for re-election to the group's board of directors at the annual general meeting in April, bowing to pressure from biggest shareholder Saudi Basic Industries Corporation (SABIC). The Swiss chemicals maker will instead propose to elect Guenter von Au as new chairman of the board and will also propose an ordinary...

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