Press Digest: British Business - June 9
09/06/2022 01:13
June 9 (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
- Mishcon de Reya IPO-MISH.L has ditched plans to become
the seventh legal services business to list on the London
exchange by pulling the plug on a 750 million pound ($940.28
million) float. https://bit.ly/39g5ODf
- Fulham Shore FULH.L , which has 84 restaurants, said it
was on track to open 11 more eateries in the first half of this
year. https://bit.ly/3Qd4SQu
The Guardian
- John Lewis said it has chosen Bromley, Ealing and Reading
as the pilot locations for its venture into building branded
homes for the rental market, as the staff-owned retailer tries
to create new communities around its stores. https://bit.ly/3MzBC3D
- Sanjeev Gupta's GFG Alliance failed in an attempt to have
a winding-up order thrown out on the grounds that the metals
group's struggles were caused by the coronavirus pandemic. https://bit.ly/3H5KtZz
The Telegraph
- Farmers in UK have warned Britain's food supply is now
"vulnerable" after spiralling energy bills prompted the
permanent closure of CF Fertilisers' Ince manufacturing plant. https://bit.ly/3tt9tV5
- UK Chancellor Rishi Sunak has been urged by the
Organisation for Economic Cooperation and Development to
consider tax cuts as its forecasts show the UK is on track to
grow more slowly than any major economy in the shadow of the war
in Ukraine. https://bit.ly/3H8FuHu
Sky News
- Euan Blair's company Multiverse announced a $220 million
funding round that has given it a post-money valuation of $1.7
billion. https://bit.ly/3Qds5SU
- A British education technology start-up Bibliu secured a
funding boost with $15 million injection. https://bit.ly/3H4LfGe
($1 = 0.7976 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))