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FRAS - Frasers News Story

577p -3.5  -0.6%

Last Trade - 14/05/21

Consumer Cyclicals
Large Cap
Market Cap £2.99bn
Enterprise Value £3.98bn
Revenue £3.81bn
Position in Universe 248th / 1826

PRESS DIGEST-British Business - March 10

Wed 10th March, 2021 1:03am
March 10 (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
    - Vodafone  VOD.L  hopes to raise up to 2.8 billion euros
($3.33 billion) from the flotation of its European towers
infrastructure business in Europe's largest listing this year.
    - Rolls-Royce's  RR.L  130 million pounds sale of its
loss-making Norwegian marine engine manufacturer Bergen is
taking on water after local politicians mounted an attack on the
disposal of the business to friends of Vladimir Putin.

    The Guardian
    - More than 300 jobs are set to go at Evans Cycles, and
hundreds of remaining store staff are to be switched to
zero-hours contracts, as Mike Ashley's Frasers Group  FRAS.L 
aims to slash costs.
    - UK's air passenger duty is set to be cut on domestic
flights after the prime minister signalled his support for
reform to bolster air links around the UK.

    The Telegraph
    - UK's Dominic Raab has reprimanded the European Council
President after he falsely claimed that the UK had imposed an
"outright" ban on the export of coronavirus vaccines.
    - The Queen has reacted to the Duke and Duchess of Sussex's
claims about racism in the Royal family, saying their
allegations would be "taken very seriously", but that
"recollections may vary".

    Sky News
    - Balfour Beatty  BALF.L  is on Wednesday expected to become
the latest blue-chip British company to hand back millions of
pounds of taxpayers' cash by announcing that it will repay funds
used to furlough employees.
    - Piers Morgan has decided to leave his presenting role on
ITV's Good Morning Britain following controversial comments he
made about the Duke and Duchess of Sussex.
    The Independent
    - Up to 8,000 contact tracers working in the UK government's
test and trace service are to be axed with just a week's notice
as the rate of coronavirus infection falls sharply.

($1 = 0.8413 euros)

 (Compiled by Bengaluru newsroom)
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