Press Digest: British Business - Nov. 21

Cazoo

21/11/2023 24:19

Nov 21 (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 body representing Britain's pharmaceutical industry
has reached an NHS branded sales agreement with the government
after months of disputes and warnings that one of the country's
key growth sectors was losing international ground.
    
    - The boss of Boodles, the luxury jewellery designer and
retailer, has accused Rishi Sunak of scoring a "spectacular own
goal" by scrapping VAT-free shopping for foreign tourists.
    
    
    The Guardian
    
    - UK interest rates will need to stay high for some time
despite the sharp fall in the annual inflation rate, the
governor of the Bank of England has warned.
    
    - UK Prime Minister Rishi Sunak has hinted at business tax
cuts to boost economic growth as he promised to reduce the tax
burden "carefully and sustainably" and "over time".
        
    The Telegraph
    
    - EY is in talks to abandon its London headquarters in the
latest sign of an accelerating office slump as working from home
transforms professional life.
    
    - Alex Chesterman, the founder of Cazoo  CZOO.N , will have
his shareholding in the company almost wiped out as bondholders
take control of the loss-making online car seller.
    
    Sky News
    
    -Ed Richards, the former boss of media regulator Ofcom, is
acting as a secret lobbyist for RedBird IMI, the Abu
Dhabi-backed media vehicle which is in advanced talks to take
control of The Daily Telegraph.
    
    - Ousted boss of OpenAI, Sam Altman, has said his and
Microsoft  MSFT.O  Chief Executive Satya Nadella's top priority
"remains to ensure OpenAI continues to thrive".
    
    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))