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Press Digest: British Business - October 7

PRESS DIGEST-British Business - October 7

- 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

- The online fast-fashion retailer Asos ASOS.L appears to have been hacked after a mobile alert from the company’s app was sent to users on Tuesday.

- Britain may no longer be "investable" if the government blocks two big new North Sea fields, the boss of Norway’s state oil and gas group, Equinor EQNR.OL has warned.

The Guardian

- Swedish budget furniture retailer Ikea is to test an online version of its buy-back service where the retailer offers vouchers for unwanted second-hand furniture.

- Google GOOGL.O has been ordered to temporarily stop work on two data centres in Finland after failing to do the necessary environmental impact assessments on its construction sites.

The Telegraph

- Ofcom said on Tuesday that it was assessing whether the US tech company Meta META.O carried out sufficient due diligence before launching a disappearing messaging feature on Instagram, which it owns.

- Beijing has expressed "serious concern" about potential British tariffs on Chinese electric vehicles as Andy Burnham weighs imposing levies.

Sky News

- Britain's water regulator is lining up advisers to oversee the performance of troubled South East Water, days after the company sought to curb non-essential use by thousands of business customers.

The Independent

- Ads for oral weight loss medicines have become the first to be banned by the Advertising Standards Authority for promoting unlicensed and prescription-only products to the public.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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