Press Digest: British Business - September 9
PRESS DIGEST-British Business - September 9 Sept 9 (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
- UK retailer Dunelm DNLM.L has announcedplans for a major overhaul of its strategy, including a restructuring that will see £100 million ($135.44 million) in costs stripped out of the business over the next three years and reinvested in expanding its store estate.
- Nigel Newton will be executive chairman of Bloomsbury Publishing BLPU.L until 2031.
The Guardian
- Apple AAPL.O and Google GOOGL.O will be forced to block explicit images on children's smartphones by law in the UK after three months of talks with the tech giants failed to produce an agreement.
- Hundreds of thousands of air passengers had flights delayed or cancelled in the UK after air traffic control services provider NATS suffered a glitch, the third incident in just over three years.
- Channel 4 is poised to cut about 300 jobs, which is about a quarter of its workforce as the broadcaster seeks to dramatically slash costs.
The Telegraph
- Suppliers to Tata Motors-owned TAMO.NS Jaguar Land Rover such as Evtec and Sovereign Industrial Group are pushing to secure defence and aerospace work amid fears that cuts at the carmaker will trigger job losses across the industry.
- UK-based online gambling firm Bet365, which billionaire Denise Coates controls, said up to 300 jobs would be lost at its headquarters in Stoke-on-Trent, Staffordshire.
Sky News
- Merlin Entertainments is set to announce a refinancing deal this week that will replace debt maturing next year with new borrowings backed by assets including the London Eye, London Dungeon and Shrek's Adventure London.
The Independent
- Israel hit back at Britain's sanctions on trade linked to Israeli settlements by ordering the closure of the British consulate in Jerusalem and expelling British officials from a Gaza coordination centre.
($1 = 0.7383 pounds)
(Compiled by Bengaluru newsroom)