Frasers Group Plc increased its stake in Burberry Group Plc, putting it on track to be the brand’s biggest investor in billionaire Mike Ashley’s latest bet on a rival.
The UK government hit back at record-breaking donations to Reform UK from two crypto billionaires, with Housing Secretary Angela Rayner arguing that Labour’s planned legislation will prevent rich people from “being able to buy their way” in an election.
Nigel Farage’s Reform UK received a second multi-million pound donation, bringing the total raised over the past 24 hours to £72 million ($97 million) and far surpassing the amounts raised by the rival Labour and Conservative parties so far this year.
BitMEX founder Ben Delo pledged £36 million ($48.7 million) to Nigel Farage’s Reform UK, a record donation designed to help the insurgent party fend off its critics while turbo-charging its attempts to gain power at the next general election.
Reckitt Benckiser Group Plc’s sales rose more than expected on strong demand for cleaning and hygiene products in key markets including China and India.
Unilever Plc lifted its outlook after sales rose more than expected in the second quarter, as consumers in key markets including the US and Latin America snapped up its Dove soap and OMO laundry detergent.
McCormick & Co. has picked London as a secondary listing location, just months after striking a deal to combine with Unilever Plc’s food business and in a blow to Amsterdam’s hopes.
Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), in a move that marks the end of the UK company’s near-century on the London Stock Exchange.
Tate & Lyle focuses on sugar replacements and calorie reducers, and is also pushing into various dietary fibers.
The company called the step a pragmatic response to market conditions.
A scarf on display in the window of a Burberry Group Plc luxury boutique in London, UK, on Monday, Jan. 12, 2026. Burberry are due to release a third quarter trading update on Jan. 21. Photographer: Jason Alden/Bloomberg
Burberry Group Plc postponed its goal of cutting emissions to net zero by a decade to 2050, in a setback for the British luxury brand’s bid to become an industry leader in sustainability.
Mannequins in a window display at the Burberry flagship store in New York, US, on Friday, July 18, 2025. Burberry's sales in the Americas saw the strongest regional growth, gaining 4% compared to the 0.8% gain analysts were expecting.
UK Chancellor Rachel Reeves will this week scrap the government’s planned hike to fuel duty, the Sun reported, without saying where it got the information.
A petrol pump showing the prices of fuel, including unleaded petrol and diesel, at a BP Plc petrol station in Brentwood, UK, on Wednesday, March 4, 2026. Inflation around the world is expected to pick up due to the war with Iran, while growth prospects remain largely unaffected for now, according to a global survey of economists by Bloomberg News.
Wes Streeting used his first public appearance since resigning as UK health secretary last week to make his pitch for a potential leadership bid and called for Britain to rejoin the European Union.
Wes Streeting speaks at the Progress Conference 2026! in London, UK, on May 16.
Burberry Group Plc disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic uncertainty may hurt shopper confidence.
Unilever Plc’s sales rose more than expected as consumers in emerging markets including India snapped up its cleaning products and Dove soap, offsetting lackluster demand in the US.
Nestlé SA showed resilient sales growth in the first quarter, helping the Swiss foodmaker contain the fallout from the largest product recall in its history.