Press Digest: British Business - May 6

MccollS Retail

06/05/2022 01:31

May 6 (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
    
    - The OPEC cartel of big oil producers offered no respite to
consumers struggling with soaring energy prices on Thursday when
it stuck to its plan for only a modest increase in output. https://bit.ly/37jhX9s
    
    - KPMG has fired the latest shot in the professional
services sector's battle for talent by giving all its
rank-and-file staff in the UK a pay rise of at least 2,000
pounds ($2,472.00). https://bit.ly/381Y5s0
    
    The Guardian
    
    - The British government said on Thursday it had sanctioned
steel manufacturing and mining company Evraz  EVRE.L , whose
biggest shareholder is sanctioned billionaire Roman Abramovich,
in response to Russia's invasion of Ukraine. https://bit.ly/3KQpwC6
    
    - Channel 4, the publicly owned British broadcaster that the
government wants to sell, published its alternative plan to
privatisation on Thursday, including setting up a joint venture
that would own the rights to commercialise shows globally. https://bit.ly/3P3oaHs
        
    The Telegraph
    
    - Mark Carney, the former Bank of England governor, has
claimed that the looming climate crisis will "dwarf current
hardships" triggered by spiralling inflation despite prices
surging at the fastest rate in decades. https://bit.ly/3shbcw2
    
    - UK Digital Secretary Nadine Dorries is to press ahead with
the creation of a new digital competition watchdog that will
have the power to levy multi-billion pound fines on U.S. tech
giants which abuse their dominance of the internet. https://bit.ly/3LUS1A3
    
    Sky News
    
    - Struggling British convenience shop chain McColl's
 MCLSM.L  said on Thursday it was increasingly likely that the
group would be placed into administration, a move that could put
thousands of jobs at peril. https://bit.ly/3KIejDO
    
    - Elon Musk has secured $7 billion from new investors for
his $44 billion takeover of Twitter  TWTR.N . https://bit.ly/37pLgY8
    
    The Independent
    
    - Inflation will spiral to more than 10% by October – the
highest rate in 40 years – as Britain risks being pushed into
recession with millions facing higher bills, the Bank of England
said. https://bit.ly/3P1tdrV    


($1 = 0.8091 pounds)

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