Press Digest: British Business - June 12

Deltic Energy

12/06/2024 03:55

June 12 (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
    - UK North sea focused oil explorer Deltic Energy  DELT.L 
has quit the Pensacola gas field project, majority-owned and
operated by Shell  SHEL.L  as it blamed fiscal uncertainty and
negative political rhetoric ahead of the election.  
    - France-based diagnostics firm Novacyt  ALNOV.PA  agreed to
pay 5 million pounds($6.37 million) to the Department of Health
and Social Care as part of a settlement to resolve a
long-running High Court dispute. 
    
    The Guardian
    - India's Tata Steel  TISC.NS  has claimed that steelmaking
in south Wales could be "at significant risk" if a 500 million
pound ($636.85 million) subsidy package is delayed, after the
shadow business secretary, Jonathan Reynolds, called for it to
restart talks with a potential Labour government.
    - British public transport operator FirstGroup  FGP.L  has
applied for two more "open access" services outside the main
train operating contracts as the government attempts to increase
competition on the rail network and cut fares.
        
    The Telegraph
    - British retailer John Lewis launched a legal appeal to
push through plans to build hundreds of rental homes in tower
blocks amid fierce local opposition to the proposals.
    -American investment manager Invesco  IVZ.N  is to close its
dedicated UK stock-picking unit and merge it with its European
division from January.
    
    Sky News
    - The London Stock Exchange  LSEG.L  is in talks about a
deal to boost its offering to retail investors by taking over
parts of PrimaryBid, one of the hottest British fintech
start-ups of recent years.    


($1 = 0.7851 pounds)

 (Compiled by Bengaluru newsroom)
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