Press Digest: British Business - June 8

Cazoo

08/06/2022 24:59

June 8 (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 waste-management specialist Biffa  BIFF.L  said it
has received a possible buyout offer from Energy Capital
Partners that values it at about 1.36 billion pounds ($1.71
billion), sending shares to an all-time high. https://bit.ly/3NHEWuE
    
    - The Financial Reporting Council fined PwC a total of 5
million pounds for failings in its audits of Kier  KIE.L  and
Galliford Try  GFRD.L , the construction companies said. https://bit.ly/3zou4he
    
    The Guardian
    - The online car seller Cazoo  CZOO.N  said it is cutting
about 750 jobs across the UK and elsewhere in Europe, as it
warned of recession and consumer cutbacks. https://bit.ly/3NtuGGo
    
    - Marks & Spencer's  MKS.L  former boss, Steve Rowe, more
than doubled his pay to 2.63 million pounds last year after
getting his first bonus since 2017 as the cost of living crisis
intensifies for customers. https://bit.ly/3tmM4EF
    
    The Telegraph
    - UK Ministers have quietly cancelled a 3 billion pound
section of HS2 that would have allowed Scotland to benefit from
the controversial high-speed rail line. https://bit.ly/3NV48h4
    
    - UK's Rail, Maritime and Transport (RMT) union announced
nationwide strikes on June 21, 23 and 25 in what it billed as
the biggest industrial action in the rail sector in more than 30
years. https://bit.ly/3NQY0Xg
    
    Sky News
    - Let's Do This, a British start-up that organises sports
challenges and is backed by Serena Williams and Usain Bolt, has
raised $60m in funding, it said on Tuesday. https://bit.ly/39cyhd6
    
    - Fossil fuel giant Equinor  EQNR.OL , in an interview with
Sky News said it is not investing as much money as it ought to
in renewable forms of energy. https://bit.ly/3Nyu7uU
    
    The Independent
    - UK's Competition and Markets Authority said Rangers, Elite
Sports and JD Sports  JD.L  conspired to fix prices of replica
shirts so they could boost profit margins at the expense of
fans. https://bit.ly/3zkPr2U
    
    


($1 = 0.7944 pounds)

 (Compiled by Bengaluru newsroom)
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