Press Digest: British Business - June 27
27/06/2023 01:15
June 27 (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
- Cinema chain operator Cineworld Group's CINE.L 16-year
life as a public company will draw to a close next month as
administrators prepare to transfer all its assets to a new
private corporate entity.
- Aston Martin AML.L has ended its commitment to buy
electric car batteries from Mercedes-Benz MBGn.DE and has
switched to the U.S. electric vehicle maker Lucid LCID.O .
- British oilfield services and engineering firm John Wood
Group WG.L is to work with Centrica CNA.L on its plans to
produce low-carbon hydrogen at the Easington gas terminal in
East Yorkshire.
The Guardian
- HSBC HSBA.L is to move out of its global headquarters in
Canary Wharf after more than two decades to considerably smaller
offices in the City of London, in response to post-pandemic
hybrid working arrangements and a cost-cutting drive.
- A process to shut nearly all of Britain's railway station
ticket offices could begin as early as next week, Britain's RMT
trade union has warned.
The Telegraph
- British finance minister Jeremy Hunt admitted that there
were flaws in the Bank of England's economic forecasting after
it failed to get a grip on runaway inflation.
- Auditor KPMG is to cut around 5% of U.S. jobs as demand
for its consulting services slows.
Sky News
- Long-running legal claims against parts of commodities
tycoon Sanjeev Gupta's Liberty Steel empire in Britain were
withdrawn last week.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))