PRESS DIGEST- British Business – Aug 30

Aug 30 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

– The world’s biggest oil company, Saudi Aramco, is leaning towards Tokyo as the international venue for its planned $2 trillion stock market listing in a potential snub to London.

– Business groups representing hundreds of thousands of companies have been given access to 10 million pounds ($12.28 million) of public funds to help them tackle a lack of industry readiness for Brexit.

The Guardian

– Toyota Motor Corp is planning to halt production at its factory in Burnaston on Nov. 1 in anticipation of possible disruption to deliveries of parts, amid growing concern among manufacturers that the UK is heading for a no-deal Brexit on Oct. 31.

– Ryanair holdings Plc has told its customers that all of its UK flights will take off as scheduled next week, despite the three-day strike called by the pilots’ union Balpa.

The Telegraph

– Sports Direct International Plc’s Mike Ashley is facing a revolt at its annual meeting with investors amid the retailer’s efforts to find an auditor after Grant Thornton quit.

– Watchstone Group Plc has accused the law firm Slater & Gordon Ltd of gaining an unfair advantage in negotiations by improperly obtaining Watchstone’s confidential information from advisers at PwC.

Sky News

– Dixons Carphone Plc is facing an investor backlash over a share bonanza awarded to its chief executive despite a continuing slump in its share price.

READ  Conservative majority sent us on a shopping spree? Pull the other one | Larry Elliott

– Five-a-side football pitch operator Goals Soccer Centres Plc has put itself up for sale, weeks after it disclosed accounting issues going back almost a decade.

The Independent

– UK car production declined for the 14th consecutive month in July, slumping by 10.6% from a year ago, as key markets in the EU and Asia remained weak, according to the Society of Motor Manufacturers and Traders. ($1 = 0.8145 pounds) (Reporting by Ann Maria Shibu)



Please enter your comment!
Please enter your name here