Press Digest: British Business - June 6

Harland & Wolff group

06/06/2024 02:34

June 6 (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
    - Three British oil and gas companies, namely Jersey Oil and
Gas  JOG.L , Serica Energy  SQZ.L  and Neo Energy, have delayed
a decision on a new development in the North Sea amid
uncertainty over whether a potential UK Labour government would
impose more punitive windfall taxes.
    - Britain's biggest water utility Thames Water has
resurrected plans for a giant 1.25 billion pounds ($1.60
billion) reservoir in Oxfordshire in an attempt to shore up
supply in and around London.


    The Guardian
    - The European Central Bank is expected to cut interest
rates for the first time in almost five years at its meeting on
Thursday after a survey of private sector businesses showed
activity expanded at the fastest pace in a year while inflation
cooled.
    - The small Irish takeaway chain Supermac's has won a court
battle with McDonald's  MCD.N  over the use of the Big Mac
trademark, paving the way for it to open outlets across Europe.


    The Telegraph
    - John Wood, the boss of Harland & Wolff  HARL.L  has
insisted the historic shipbuilder behind the Titanic will
survive, despite mounting concerns over its future.

    - British finance minister Jeremy Hunt has challenged Labour
party Keir Starmer to explicitly rule out property tax increases
if Labour wins office at the general election.


    Sky News
    - Andrew Fisher, a long-serving Marks & Spencer  MKS.L 
non-executive director, is quitting the retailer's board after
being blindsided about the poaching of its new finance chief
Alison Dolan from real-estate portal Rightmove  RMV.L , another
company he chairs.
    - Britain's Reform UK party has pulled to within two points
of the ruling Conservatives, according to the latest YouGov poll
of the election campaign for Sky News.


    The Independent
    - The Labour first minister of Wales Vaughan Gething has
lost a vote of no confidence in the Welsh Parliament.


($1 = 0.7813 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))