Press Digest: British Business - Oct. 5

Carillion

05/10/2023 01:41

Oct 5 (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
    - Britain's biggest supermarket chain Tesco  TSCO.L  ,
upgraded its annual profit outlook, expects to deliver adjusting
profit of between 2.6 billion pounds and 2.7 billion pounds 
($3.16 billion and $3.28 billion) as food inflation eased in the
first half and customers entertained at home instead of dining
out.
    - Britain's biggest pharmaceuticals group AstraZeneca
 AZN.L  has reached a $425 million settlement to resolve
liability claims against Nexium and Prilosec in courts in New
Jersey and Delaware.
    
    The Guardian
    - Weeks after the high street lender failed to convince
regulators it could be trusted to hold less cash against its
mortgage risks, UK's Metro Bank  MTRO.L  is considering raising
hundreds of millions of pounds from investors. 
    - The superyacht reportedly named after the billionaire
Barclay brothers' mother, Beatrice, has been put up for sale by
the family with a 19 million pounds ($23.06 million) price tag.
        
    The Telegraph
    - One of Britain's biggest dealerships Vertu Motors, has
cautioned UK prime minister Rishi Sunak's "confusing" net zero
policies threaten to derail a recovery in car sales and hit the
wider market, said that demand from retail customers had been
"muted" in recent months.
    
    
    Sky News
    - UK prime minister Rishi Sunak has confirmed the
long-rumoured decision to scrap the northern leg of HS2 - a
decision branded "wrong" by former prime minister David Cameron.
    - In a crackdown on smoking, UK prime minister Rishi Sunak
has pledged to raise the legal age for buying cigarettes in
England by one year every year.
    
    The Independent
    - The former chief executive of outsourcer Carillion
 CLLN.L , Richard Howson has been banned by the UK's Insolvency
Service from leading a business for the next eight years.
    - Hartshead Moor East a motorway service in West Yorkshire
has been ranked the worst in Britain for the second year in a
row, according to a survey of more than 30,000 visitors by
watchdog Transport Focus.
    


($1 = 0.8240 pounds)

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