Press Digest: British Business - June 17

International Workplace

Yesterday 03:25

June 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
- Mark Dixon to step aside as the chief executive of International Workplace Group IWG.L nearly 40 years after he founded the business. Christian Schmitz will succeed Dixon as chief executive, IWG said.
     
- Yum Brands YUM.N, the American restaurant group behind the Taco Bell and KFC brands, has struck two deals to sell the Pizza Hut chain, including its UK operations, for $2.7 billion.   
     
     
The Guardian
- Asda, Amazon AMZN.O and B&Q among retailers in talks to start selling plug-in solar panels as part of a drive to encourage more UK homes to generate their own electricity. 
     
-  European Parliament MEPs agree to implement the deal almost 12 months after it was proposed and just days before the deadline of the U.S. threat to raise tariffs
        
The Telegraph
- At an event with bond investors on Tuesday, the Chancellor Rachel Reeves said she planned to achieve an uplift in defence spending by cutting other budgets. However, she declined to rule out further tax rises. 
        
Sky News
- The GMB trade union is demanding guarantees from ministers that Thames Water employees’ pension pots will be protected if a private sector-led rescue deal for Britain’s biggest water company collapses. 
     
     
     
     

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