Press Digest: British Business - September 16
PRESS DIGEST-British Business - September 16 Sept 16 (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
KPMG said it will cut about 200 more UK-based consultant roles in the coming weeks, as too few employees were leaving voluntarily.
Mike Ashley’s Frasers Group FRAS.L is facing investor oppositionafter its finance chief Chris Wootton received a £100,000 ($134,730.00) bonus for securing £3 billion ($4.04 billion) in financing.
The Guardian
The Bank of England is poised to halt its sales of long-term government bonds which have been hit by a global sell-off in debt markets.
Infrastructure and construction firm Kier Group KIE.L said it will pause housebuilding and shift its focus to road and hospital projects to strengthen its balance sheet.
The Telegraph
UK chancellor John Healey is in talks with the Canadian government about joining the proposed Canada-led defence, security and resilience bank (DSRB), which could help the UK fund defence projects at a lower cost.
Jaguar Land Rover TAMO.NS is in talks with NATO countries to sell the Defender military vehicles, as the UK-based carmaker aims to capitalise on Europe’s defence spending boom.
Sky News
University of Glasgow spinout, Chemify which uses robots and AI to discover new medicines has secured £22 million ($29.65 million) in grants from Scottish Enterprise and the UK government.
($1 = 0.7422 pounds)
($1 = 0.7420 pounds)
(Compiled by Bengaluru newsroom)