Press Digest: British Business - Jan 22
22/01/2025 03:29
Jan 22 (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
- Frasers Group FRAS.L , owned by British retail tycoon
Mike Ashley, has failed to oust Boohoo's BOOH.L co-founder
Mahmud Kamani from the board after the fast-fashion group's
shareholders voted against the move on Tuesday.
- Britain is and will remain a core market for Santander
SAN.MC , its executive chair Ana Botin said at the World
Economic Forum annual meeting in Davos.
The Guardian
- The chair of the UK Competition and Markets Authority
(CMA), Marcus Bokkerink, has stepped down from his post, the
competition regulator said.
- British finance minister Rachel Reeves' plan to support a
third runway at Heathrow and expand Gatwick and Luton airports
has been labeled "desperate" by Greenpeace UK's policy director
Doug Parr, amid opposition from within Labour.
The Telegraph
- Motorists risk missing out on 30 billion pounds ($36.98
billion) in compensation after British finance minister Rachel
Reeves intervened in a landmark car loan mis-selling case in an
effort to shield the motor finance industry, as the Treasury
warned Supreme Court judges that siding with drivers could harm
the economy.
- UK Energy Secretary Ed Miliband warned U.S. President
Donald Trump that the rise of net zero is "unstoppable," hours
after Trump vowed to withdraw the U.S. from the Paris climate
agreement, emphasizing the need for clean energy to reduce
Britain's reliance on volatile fossil fuel markets.
Sky News
- British pay growth stayed stubbornly strong in the three
months to November but there were more signs of a softening jobs
market, according to data on Tuesday that reinforced the current
outlook for Bank of England interest rates.
($1 = 0.8112 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))