Press Digest: British Business - Sept 17

Harland & Wolff group

17/09/2024 04:01

Sept 17 (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
    - Carpetright owes nearly 8 million pounds ($10.5 million)
to about 21,000 customers for outstanding orders at the flooring
chain, which fell into administration in July, and most of them
will not be refunded.
    - Harland & Wolff  HARL.L  said it will wind down its
non-core businesses and lay off some of its employees as the
British shipbuilder struggles to stay in business amid financial
woes.
    
    The Guardian
    - Former chief executive of NatWest  NWG.L  Alison Rose has
taken a job as an adviser to Mishcon de Reya, one of the UK's
top law firms, as she tries to return to the City after a
career-damaging row with Nigel Farage last year.
    - Sales of some new hybrid cars will be allowed until 2035,
the UK government has said, but it denied that this was a change
to a manifesto pledge to ban petrol and diesel cars from 2030.
        
    The Telegraph
    - Airbus  AIR.PA  is preparing to revive plans for a new
helicopter factory in the UK as part of its attempt to secure a
1 billion pounds ($1.32 billion) contract from the Ministry of
Defence (MoD).
    - BP  BP.L  is plotting a 1.5 billion pounds ($1.98
billion)sale of its American onshore wind energy business as the
oil giant backtracks on its green energy ambitions after an
investor revolt.
    
    Sky News
    - THG  THG.L , the London-listed e-commerce group behind
beauty brands such as Lookfantastic, will this week signal to
investors that it is exploring plans to spin off Ingenuity, its
technology services arm.
    - UK's former Treasury official Charles Roxburgh is leading
the race to become the next chairman of Lloyd's of London, one
of the City's most prestigious posts. 
    
    The Independent
    - Ed Davey, leader of the centrist Liberal Democrats, is
expected to lay out his plan to overtake the Tories at the next
general election and “finish the job” his party believe they
started this year.   
    
($1 = 0.7573 pounds)

 (Compiled by Bengaluru newsroom)
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