Press Digest: British Business - July 29
PRESS DIGEST-British Business - July 29 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
- GSK GSK.L is to establish a global research and development headquarters in Cambridge as part of a £400 million ($531.76 million) investment in the UK under its new chief executive that will lead to its R&D centre relocating from Stevenage.
- Mike Ashley's Frasers Group FRAS.L has disclosed a position in Burberry, the luxury brand, in the latest in a long line of interventions by the billionaire at competitor businesses.
The Guardian
- AstraZeneca AZN.L must operate at "Chinese speed" to ensure it does not suffer the fate of the western automotive industry by losing out to more innovative rivals, the drug company’s boss has said.
The Telegraph
- Glencore GLEN.L claims Winston Soosaipillai, the former owner of Prax refinery, was “centrally involved in the fraudulent conduct” that resulted in the FTSE 100 commodity giant losing millions of pounds worth of oil.
Sky News
- English football chiefs will hold crunch talks in a bid to thrash out a £1.5 billion ($1.99 billion) 10-year deal and avert the threat of a settlement imposed by the sport's new regulator.
($1 = 0.7522 pounds)
(Compiled by Bengaluru newsroom)