Bloomberg UK manufacturers scaled back their expectations of output prices in February as the pound gained. Expected prices, production and export orders are still well above long-term averages, though have slipped from the highs seen at the end of 2017, the Confederation of British Industry reported on Tuesday. The measure of average prices seen in the next three months fell ...

Bloomberg The UK has sold Royal Navy flagship HMS Ocean to Brazil for about 84 million pounds ($117 million) as new aircraft carrier HMS Queen Elizabeth prepares to take over as leader of the fleet. HMS Ocean will be modified by BAE Systems Plc and Babcock International Group Plc, with the work funded by Brazil, before the 21,500 metric-ton ship ...

Bloomberg After a cyberattack and a botched product launch spoiled Reckitt Benckiser Group Plc’s 2017, a pricing squeeze threatens to make this year almost as tough. The Slough, England-based maker of Nurofen painkillers said comparable sales will rise by only 2 percent to 3 percent in 2018, and profitability will be curtailed by deflationary conditions in the consumer-goods business. That ...