Press Digest: British Business - November 6
PRESS DIGEST-British Business - November 6 Nov 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
Former GSK boss Dame Emma Walmsley has been awarded a pay package potentially worth about $60 million as part of joining the US computer company HP HPQ.N as chief executive.
Zilch, the UK buy-now-pay-later fintech, expects annual revenue to top £220 million ($296.52 million) next year as customer spending accelerates and it moves closer to a potential London IPO.
The Guardian
BT BT.L has cut nearly 8,000 jobs since March as part of a £3.7 billion cost-saving programme, helping lift first-half pre-tax profit 12% to £1.1 billion and sending its shares to a five-year high, while it continues restructuring and expanding its fibre broadband network.
Gordon Brothers, owner of Poundland, said the discount retailer remainsfinancially vulnerable despite talks with UK ministers, as it weighs rescue bids and races to avoid administration that could put 12,000 jobs and thousands of suppliers at risk.
The Telegraph
Kremlin spokesman Dmitry Peskov rejected allegations that Russia was behind a wave of cyberattacks that disrupted supermarket refrigeration systems across Europe, as investigators probe possible Russian links while saying it remains too early to definitively identify those responsible.
The Bank of England said AI is providing only a modest boost to UK productivity so far, contributing an estimated 0.1-0.2 percentage points to annual productivity growth since 2024, with most of its economic impact coming through increased business investment rather than worker efficiency gains.
Sky News
Allwyn ALWr.AT, operator of the National Lottery, is restructuring its senior leadership team and creating new digital and marketing roles as it seeks to reverse a slump in ticket sales and declining returns to good causes that have prompted regulatory scrutiny.
Fertifa, the employee health benefits provider, has agreed to acquire hormonal healthcare specialist Tuune, broadening its offerings in women's health and workplace wellbeing.
($1 = 0.7419 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))