Press Digest: British Business - June 29
PRESS DIGEST-British Business - June 29 June 29 (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
- John McFarlane, former chairman of Barclays BARC.L and Aviva AV.L, is working with Revolut to help Britain's most valuable fintech company with its ambitious overseas expansion plans.
- Public health campaigners criticise Imperial Brands IMB.L for promoting tobacco-related products in youth-centred partnerships before a ban comes into force.
The Guardian
- Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loans.
- Sky has committed to spending 2 billion pound ($2.64 billion) on ITV's ITV.L studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes.
The Telegraph
- Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, must end Labour's addiction to taxes and embrace the private sector to revive Britain's flagging economy, Manchester Airports Group chief Ken O'Toole said.
- Ministers have been urged to copy Brussels and open an investigation into Chinese retail giant JD.com 9618.HK because of fears its UK expansion poses an unfair threat to the struggling high street.
Sky News
- EQT EQTAB.ST, the Stockholm-based private equity group, is among the potential major new investors in a fundraising by Cambridge-based CuspAI which is expected to be finalised in the coming weeks.
The Independent
- Consumer sentiment and the outlook for food inflation are set to be in the spotlight as supermarket giant Sainsbury's SBRY.L will update investors on June 30.
($1 = 0.7580 pounds)
(Compiled by Bengaluru newsroom)
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