Press Digest: British Business - June 20

Cazoo

20/06/2022 01:53

June 20 (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
    - The highly leveraged 6.8 billion pound ($8.31
billion)takeover of Asda by TDR Capital and Issa Brothers
resulted in the supermarket paying 375.1 million pounds in
interest last year, new accounts have shown. https://bit.ly/3bcQnw4
    
    - Teachers and doctors are threatening to walk out alongside
rail workers if the government fails to meet their demands for a
pay rise, as Britain' most militant union leader raised the
prospect of a general strike. https://bit.ly/3bdZYD5
    
    The Guardian
    - The online marketplace Etsy  ETSY.O  paid just 128,000
pounds in corporation tax in the UK in 2020 despite racking up
sales of $195.8 million as it funnelled business through
Ireland. https://bit.ly/3xD2TMX
    
    - UK's energy regulator Ofgem will announce on Monday new
measures to better protect customers money and stop energy
suppliers using some of their cash "like an interest-free
company credit card." https://bit.ly/3tLqVnU
    
    The Telegraph
    - British Airways, owned by IAG  ICAG.L , easyJet  EZJ.L 
and TUI  TUIGn.DE  are using an employment loophole to operate
flights with EU crews without British work visas, as they
grapple with staff shortages. https://bit.ly/3O2bobs
    
    - Cazoo  CZOO.N  could see its market value sink further
this week amid speculation that former Daily Mail & General
Trust shareholders will sell their long-awaited shares in the
online car dealer. https://bit.ly/39Ga27d
    
    Sky News
    - Mark Hodges, a former top executive at Aviva and British
Gaswill, be named on Monday as chairman of Marwyn Acquisition
Company II (MAC II). https://bit.ly/3tMeU1u
    
    - PwC UK's 950 partners will be handed an average of just
over 100,000 pounds each following a $2.2 billion deal with the
private equity firm Clayton Dubilier & Rice that completed in
April. https://bit.ly/3tLEK5Z
   
    
    
    


($1 = 0.8181 pounds)

 (Compiled by Bengaluru newsroom)
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