Press Digest: British Business - November 12
PRESS DIGEST-British Business - November 12 Nov 12 (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
- Taylor Wimpey TW.L and Bellway BWY.L, two of the UK's largest housebuilders, have announced plans to cut jobs a day after British housing minister Angela Rayner vowed to "turn the tide" on Britain's housing crisis.
- Julian Dunkerton, the co-founder of Superdry, is eyeing a return to the London stock market next year, marking a shock comeback only a few years after the clothing retailer narrowly avoided collapse.
The Guardian
- Aldi's UK business is cutting hundreds of head office roles as part of a global effort to trim costs at the budget grocer.
- Britain has appointed former joint intelligence committee chair Madeleine Alessandri as its special representative for climate security, the government said.
The Telegraph
- Indian customs officials have impounded dozens of containers of Scotch whisky imported by drinks giants Diageo DGE.L and Pernod Ricard PERP.PA in a row over tariffs.
- Chinese electric-vehicle maker BYD 002594.SZ said that some of its Tang SUV vehicles were fitted with incorrect wheel rims due to a supplier data-entry error, but added that the issue did not pose a safety risk.
Sky News
- The owner of the London Stock Exchange (LSE) has begun consulting with shareholders on a revised pay deal for CEO David Schwimmer that could increase his maximum annual pay by roughly £2 million ($2.66 million).
- Gordon Brothers, the US investment firm that owns Britain's Poundland, must allow the discount retailer to have full access to its own bank accounts to give it a chance of securing a rescue deal, a senior British lawmaker said.
($1 = 0.7531 pounds)
(Compiled by Bengaluru newsroom)