The contiguous mainland of Europe, excluding its surrounding islands.
Associated British Foods says Primark has bought an automated Sheffield warehouse and will offer home delivery in Great Britain in the future, expanding beyond its click-and-collect model. ABF notes a 2.6% drop in Primark sales year-on-year, with UK performance modestly positive while continental Europe underperforms. The demerger of Primark from ABF is planned for end-2027, positioning Primark for a potential FTSE 100 listing.
The UK has seen a record-hot July and persistent drought across large parts of England and Wales. Hosepipe bans remain in force as cooling rain is forecast to be patchy and limited this weekend. Forecasters warn that heat and dry conditions will continue into next week, with a potential return of hotter spells in parts of the country.
The UK faces renewed food-security concerns as heatwaves and drought push down cereal and oilseed harvests. Experts warn of higher prices and greater reliance on imports, with farmers cutting yields and livestock costs rising. Officials say the situation is likely to worsen into the autumn and into next year.
Tui has seen a sharp drop in pre-tax profits in its third quarter as fuel costs rise amid the Middle East conflict. The group reports weaker bookings and higher costs, but notes some signs of recovery in demand and continued price pressure.
IHG reports half-year results showing a 10% rise in operating profits to $665 million and a global RevPAR growth of 4.1%, driven by the Americas, Asia-Pacific, and Europe. The Middle East conflict weighs on performance, with RevPAR in the region falling about 19% in Q2, while UK and other markets show resilience.
The government has announced new measures to help farmers manage drought, including a £65m fund for on-farm reservoirs and a raised Sustainable Farming Incentive budget. The move aims to ease water shortages, support livestock feeding, and back environmental work as hot, dry conditions persist.