Press Digest: British Business - May 22

Cazoo

22/05/2024 05:16

May 22 (Reuters) - 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 online used-car retailer Cazoo Group  CZOO.N 
will appoint administrators from advisory firm Teneo for the
viability of its business, the company said in a regulatory
filing on Tuesday.
    - Tom Hayes, the first trader jailed worldwide for interest
rate rigging, was on Tuesday refused permission to appeal
against his conviction at the United Kingdom's Supreme Court,
but was nonetheless given a potential route to clear his name.
    
    The Guardian
    - AstraZeneca  AZN.L  aims to grow revenue by about 75% to
$80 billion by 2030, it said on Tuesday, boosted by the expected
launch of 20 new medicines and through growth in its cancer,
biopharmaceuticals and rare disease portfolio.
    - Britain cannot afford to give the "cold shoulder" to
China, the City minister said on Monday, in comments that will
distance the British government from the Biden administration's
protectionist crackdown.
        
    The Telegraph
    - Voters believe Britain's opposition Labour leader Keir
Starmer has the best plan for the country, despite British Prime
Minister Rishi Sunak's claim the Conservatives are the only
party to have a "plan" for the future, a poll has found.
    -  Britain said on Wednesday it wanted to build a new
large-scale nuclear power station in north Wales, naming a site
on the island of Anglesey as its preferred location and
launching talks with international energy companies about
building the plant.
    
    Sky News
    - Embattled British fashion retailer Superdry  SDRY.L  is
preparing to run an emergency four-week sale process if
creditors block its founder's plans to inject up to 10 million
pounds ($12.71 million) of his own money into the fashion chain
in a bid to stave off insolvency.



($1 = 0.7868 pounds)

 (Compiled by Bengaluru newsroom)
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