Press Digest: British Business - July 2

Harland & Wolff group

02/07/2024 02:10

July 2 (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
    
    - Higher interest rates helped to drive a near-doubling of
revenues at Revolut to 1.8 billion pounds ($2.28 billion) last
year and pushed profits at the fast-growing financial technology
company to record levels.  
    
    - A planned strike next week by workers at the Port Talbot
steel plant owned by Tata Steel  TISC.NS  has been suspended,
amid union hopes of talks over future investment at the site in
south Wales.
    
    The Guardian
    
    - Thames Water has been urged to show greater transparency
over its finances after it emerged its board had approved a 150
million pounds dividend hours before its shareholders U-turned
on providing emergency funding.
    
    - The shipbuilder Harland & Wolff  HARL.L  has been forced
to temporarily suspend trading in its shares after accounting
issues meant it was unable to file audited accounts on time.
    
        
    The Telegraph
    
    - Royal Mail has been criticised by the postal minister for
failing to deliver votes in time and postal vote delays across
the country have forced it to scramble to ensure that ballots
are counted in time for the general election.
    
    - The future of a major British aerospace plant is in doubt
with up to 2,400 jobs at risk following a carve-up of owner
Spirit AeroSystems  SPR.N  between Boeing  BA.N  and Airbus
 AIR.PA .
    
    
    
    Sky News
    
    - The personal wealth of Preqin's founder will top that of
BlackRock's  BLK.N  Larry Fink when the deal, which will expand
the fund giant's private-markets interests, completes. 
    
    - Steve Varley, the former head of EY in the UK and Ireland,
will this week be named as the chairman of DWF, the first law
firm to list on London's stock market.
    
    The Independent
    
    - UK's Prime Minister Rishi Sunak won't confirm whether he
will quit as Conservative Party leader if the Tories lose the
general election.
    


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 (Compiled by Bengaluru newsroom)
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