Press Digest: British Business - Jan. 11

Carillion

11/01/2022 24:59

Jan 11 (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
    
    British housebuilders will need to pay another 4 billion
pounds ($5.43 billion) to replace unsafe cladding on buildings
between 11 metre and 18 metre high. https://bit.ly/3F7LbTG
    
    The Financial Conduct Authority is close to deciding whether
to take enforcement action over the suspension of LF Woodford
Equity Income Fund run by Neil Woodford, the former star
stock-picker. https://bit.ly/33nZyG0
    
    The Guardian
    
    The cut-price chain Wilko is to close up to 15 stores in UK
over the coming year with the potential loss of more than 300
jobs. https://bit.ly/3fcOoGS
    
    KPMG has apologised for misconduct and misleading the UK's
accounting regulator after former auditors were accused of
forgery related to audits including that of Carillion  CLLN.L ,
the major government contractor that collapsed four years ago. https://bit.ly/3FiA4au
        
    The Telegraph

    Rolls-Royce  RR.L  delivered a record number of cars last
year after COVID made its ultra-wealthy customers appreciate
that life is short and they should enjoy the "lovely things in
the world", its chief executive has said. https://bit.ly/3ncUFqE
    
    Michael Gove has clashed with the Treasury over plans to
overhaul British manufacturing because of concerns about the
costs involved, in a blow to his levelling up agenda. https://bit.ly/3qbkHMP
    
    Sky News
    
    Residential energy supplier Together Energy, which serves
about 170,000 homes, is preparing to call in insolvency
practitioners from FRP Advisory  FRP.L , the London-listed
restructuring firm. https://bit.ly/31MTc2M
    
    Britain's Virgin Media O2 said that it will not reintroduce
roaming charges in Europe this year, despite other major
networks announcing an extra fee. https://bit.ly/3zJRrQk
    
    


($1 = 0.7362 pounds)

 (Compiled by Bengaluru newsroom)
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