Press Digest: British Business - May 21
21/05/2024 03:50
May 21 (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
- Britain's audit firms failed to raise the alarm for three
quarters of the big companies that have gone bust over the past
decade, renewing concerns that the industry is not doing enough
to weed out looming corporate collapses.
- The Bank of England could cut interest rates in the next
few months, depending on how rapidly the knock-on impact on wage
growth and prices from 2022's surge in inflation eases, Deputy
Governor Ben Broadbent said on Monday.
The Guardian
- The scandal that claimed the lives of 3,000 people treated
with contaminated blood was inflamed by a "chilling" NHS and
government cover-up, a scathing report has found.
- Dublin-based video game services company Keywords Studios
KWS.L has said it would be willing to accept a 2 billion pound
($2.54 billion) buyout offer, in the latest foreign takeover of
a London-listed business.
The Telegraph
- European Union border guards would be able to turn British
travellers away from Gibraltar under a new post-Brexit treaty,
British foreign minister David Cameron admitted on Monday.
- TalkTalk founder Sir Charles Dunstone is preparing to
inject fresh funding into the debt-laden broadband provider, as
looming repayment deadlines stoke fears over its future.
Sky News
- Sajid Javid, the former chancellor of the exchequer, has
been approached about taking a role at Shein, the online fashion
giant which is progressing plans for London's biggest stock
market float for years.
The Independent
- Britain's opposition Labour Party will build a new
generation of towns in a bid to tackle the housing crisis, the
party's deputy leader Angela Rayner will say in an attempt to
impress the house-building sector.
($1 = 0.7875 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))