Press Digest: British Business - Nov 16

Fosun Tourism

16/11/2022 01:20

Nov 16 (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
    - British Prime Minister Rishi Sunak at the G20 summit will
ask for China's help on the economy, climate change and Ukraine
shortly in the first meeting between Chinese President Xi
Jinping and a British prime minister for almost five years.
    - Shadow banking firms should draw up contingency plans so
that they can be safely wound down if they collapse, Britain's
Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi
has told peers scrutinising the recent turmoil that gripped
pension schemes.
    The Guardian
    - London-based TCI Fund Management has written to Alphabet
Inc  GOOGL.O  saying staff at the Google and YouTube parent are
paid too much and its workforce should be drastically cut back. 
    - Vodafone Group  VOD.L  has warned of price rises for UK
customers and job cuts as the telecoms company launched a cost
cutting plan of about 1 billion euros ($1.03 billion) to cope
with soaring energy bills and inflation.
    The Telegraph
    - Britain's communications regulator, Ofcom is to toughen
its rules for phone networks after fraudsters targeted nearly 41
million people using spoof numbers.
    - British finance minister Jeremy Hunt is preparing to
announce measures to help the long-term sick back into jobs,
Hunt is expected to use Thursday's Autumn Statement to warn that
labour shortages are fuelling spiralling inflation by reducing
the workforce and pushing up wages.    
    Sky News
    - Fosun Tourism Group  1992.HK  the Chinese owner of Thomas
Cook is exploring the sale of a stake in the famous British
holiday brand three years after its ignominious collapse.
($1 = 0.9670 euros)
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))