Press Digest: British Business - June 30
30/06/2023 24:48
June 30 (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
- Salesforce CRM.N is to invest $4 billion in its UK
business over the next five years to "drive innovation and
support its growing customer base" in one of its biggest markets
outside the United States.
- Auditors PwC and KPMG have received multimillion-pound
fines from Britain's accounting watchdog Financial Reporting
Council (FRC) for failings in their audits of the haulage group
Eddie Stobart Logistics.
The Guardian
- Thames Water has refused to say when it will publish its
annual report and accounts, which had been expected by investors
next week, as concerns mount over the company's financial
viability.
- The UK is to gain its first lithium mine in Cornwall after
startup British Lithium agreed a deal with French mining company
Imerys IMTP.PA that could supply much of the country's need
for the crucial electric car battery mineral.
The Telegraph
- British water company Southern Water is preparing to
unveil a 500 million pound ($630.60 million) injection from
shareholders as suppliers scramble to shore up their finances
amid a crisis at Thames Water.
- Britain's finance minister Jeremy Hunt is to get a 2.8
billion pound ($3.53 billion) boost after falling gas prices
meant the rescue of energy supplier Bulb cost less than feared.
Sky News
- Thames Water has appointed industry veteran Adrian
Montague as chairman as the troubled utility provider seeks to
shore up public and investor confidence.
- Ian Filby, the chairman of Pendragon PDG.L , is to step
down after less than two years amid growing pressure from an
activist investor.
($1 = 0.7929 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))