Press Digest: British Business - July 11
11/07/2023 01:09
July 11 (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
- Ministers are spending more than half a million pounds a day
on keeping thousands of empty hotel beds reserved for migrants
as a "buffer" to prevent overcrowding at processing centres.
- DWF Group DWF.L said it was in discussions for a sale with
Inflexion, a London-based private equity firm.
The Guardian
- The Bank of England governor has signalled further interest
rate pain is in store for mortgage holders and businesses as he
said Threadneedle Street had to "see the job through" on
reducing inflation
- U.S. President Joe Biden and King Charles have held a meeting
on how to tackle the climate emergency, after the U.S. president
earlier discussed Ukraine's counteroffensive with UK prime
minsiter Rishi Sunak in Downing Street.
The Telegraph
- UK's prime minister Rishi Sunak is considering reshuffling his
Cabinet in September rather than later this month after senior
ministers pushed for a delay.
- Thames Water has been handed a 750 million pounds ($964.73
million) lifeline in its battle to avoid nationalisation but has
fallen short of its 1 billion pounds ($1.29 billion) fundraising
target.
Sky News
- UK's prime minister Rishi Sunak will call on the UK's NATO
allies to commit to spending a minimum of 2% of their GDP on
defence as he attends an alliance summit in Lithuania.
- Pension Superfund Capital, a vehicle controlled by Edi Truell,
is among a number of parties to have approached AIM-listed STM
Group STMG.L about a takeover
The Independent
- EasyJet EZJ.L cancelled 1,700 summer flights as it battles
delays at its main base, London Gatwick.
- UK's trade union Unite has voted to maintain its links with
Labour – as its chief warned party leader Sir Keir Starmer to
listen to the union's demands amid a rift between the two
organisations.
($1 = 0.7774 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))