Press Digest: British Business - June 26
PRESS DIGEST-British Business - June 26 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 marketing boss of Ferrari RACE.MI has quit after more than 16 years at the company amid a backlash over the launch of its first-ever electric car, the Luce.
- British budget carrier easyJetEZJ.L said it would grant U.S. investment firm Castlelake limited access to commercial data in hopes of drawing a higher takeover bid after rejecting a fourth sweetened £4.93 billion ($6.50 billion) proposal on Thursday.
The Guardian
- The boss of Britain's biggest trade union has endorsed Ed Miliband for chancellor, as the race to take over the Treasury under a potential Andy Burnham government intensifies.
The Telegraph
- Mike Ashley's Frasers Group FRAS.L has said its £1.7 billion ($2.24 billion) takeover bid for Hugo Boss is final as he gave the German fashion giant a month to decide whether to back it.
- ITV ITV.L is on the cusp of buying the studio behind The Great British Bake Off as part of a £1.6 billion ($2.11 billion)deal to break up the company and sell its TV channels to Sky.
Sky News
- Ryanair RYA.I has changed how it seats families after an investigation into its policy of charging parents to sit with their children.
($1 = 0.7584 pounds)
(Compiled by Bengaluru newsroom)