Press Digest: British Business - July 4
04/07/2023 01:18
July 4 (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 sportswear retailer JD Sports Fashion
JD.L is to open 50 stores in the Middle East after agreeing
its first franchise deal.
- British oilfield services firm John Wood Group WG.L has
secured a $250 million contract extension from Shell and the
government of Brunei.
- Zafar Khan, the former finance chief of British
construction services company Carillion CLLN.L has been banned
from holding any company directorships for the next 11 years.
The Guardian
- The London free newspaper City AM has put itself up for
sale, as print outlets continue to struggle with the collapse of
the advertising market and the increasing cost of paper.
- Rail disruption in Britain at the start of the summer
holiday peak is set to intensify as the train drivers' union
Aslef announced another week of industrial action.
The Telegraph
- Britain's National Grid NG.L is urging factory owners to
cut their electricity use at peak times as part of efforts to
bolster power supplies this winter.
- Junior doctors in Scotland will be offered a record pay
rise in a last-ditch bid to avoid strike action, which
Scotland's First Minister Humza Yousaf admitted would cause
turmoil in the National Health Service (NHS).
Sky News
- Eduardo Acuna, who runs Cinepolis's operations in the
Americas, has been identified as a candidate to run Cineworld
CINE.L when it emerges from bankruptcy proceedings.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))