Press Digest: British Business - July 14

Arix Bioscience

14/07/2023 01:38

July 14 (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
    
    - Arix Bioscience  ARIX.L , a British biotechnology
investment company previously backed by Neil Woodford, is
considering winding itself down after a slump in valuations in
the sector.
    
    - Hays  HAYS.L  has become the latest recruitment company to
cut its headcount as client demand for permanent staff falls in
the uncertain economic climate.
    
    The Guardian
    
    - Sag-Aftra, the union representing Hollywood actors,
formally announced a strike which will begin on Friday. 
    
    - The sweetener aspartame is a "possible carcinogen", but it
remains safe to consume at already agreed levels, two groups
linked to the World Health Organization have declared.
        
    The Telegraph

    - Shell  SHEL.L  is said to have approached third parties
about offloading part of its global renewable power operations
just days after its chief executive warned cutting oil and gas
production risked driving up the cost of living.
    
    - British doctors are under pressure to accept pay hikes of
up to 7,000 pounds ($9,185.40) and call off strikes after Prime
Minister Rishi Sunak announced bigger-than-expected salary
increases for a million public sector workers.    
    
    Sky News
    
    - RED Semiconductor, which was set up in 2021, is seeking up
to 10 million pounds ($13.12 million) to finance its path
towards full production.    
    
    ($1 = 0.7621 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))