Press Digest: British Business - Dec 13
13/12/2024 04:03
Dec 13 (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
- Sanjay Shah, a British hedge fund trader, has been
sentenced to 12 years in prison by a court in Denmark after
being found guilty of defrauding the state of 1 billion pounds
($1.27 billion) in a tax scam.
- Banknote maker De La Rue DLAR.L said it is in talks with
Disruptive Capital GP and Pension SuperFund Capital for a sale
of up to 40% of its equity that would value the British company
at about 245 million pounds.
The Guardian
- Britain's energy regulator Ofgem said that energy
suppliers will have to offer customers a "zero" standing charge
tariff by next winter to address criticism of the daily fees,
which consumer champion Martin Lewis described as a "poll tax"
on gas and electricity bills.
- Britain's financial regulator is taking longer than usual
to approve the retailer Shein's London listing because it is
checking its supply chain oversight and assessing legal risks
after an advocacy group for China's Uyghur population challenged
the listing.
The Telegraph
- British retail tycoon Mike Ashley has accused Boohoo
BOOH.L of "blatant hypocrisy" as he gears up for a shareholder
vote to win a board seat next week.
- The Royal Borough of Windsor and Maidenhead is seeking a
record council tax rise of 25 pence to avoid becoming the latest
council to declare bankruptcy.
Sky News
- The Daily Telegraph's publisher is to hand hundreds of
staff a £500 bonus this month as uncertainty over its ownership
looks set to stretch into a third calendar year.
- Plans to "green" the UK's power system will protect
consumers from future energy crises and have the potential to
"bring down bills for good", the government has said.
($1 = 0.7900 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))