Press Digest: British Business - June 15

Metals Exploration

Today 01:23

June 15 (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
 - Bank of England governor Andrew Bailey has hit back at critics of the central bank’s bond-selling policy, claiming the programme has not cost the taxpayer money and is making room for a fresh round of emergency action.
- Johnson & Johnson JNJ.N has warned it may stop supplying free medicines under new early access schemes in Britain, in an escalation of an industry dispute with HM Revenue and Customs. 
     
     
The Guardian
 - Ministers are considering handing over billions of pounds raised by business rates to regional mayors as part of one of the biggest shake-ups of the English tax system in recent years.
- UK's Starmer is to ban under-16s from major social media apps such as TikTok, Instagram and X in sweeping restrictions described as “Australia plus”.
     
        
The Telegraph
 - Electric vehicle charging companies are threatening to axe 2 billion pound($2.69 billion) of investment if British Prime Minister Keir Starmer softens Labour’s net zero targets. 
     
     
Sky News
 - Mining group Metals Exploration MTL.L will announce as early as Monday that it has secured the rights to explore for copper and gold at Batong Buhay, north of the Filipino capital, Manila.
- Executives from the main high street lenders, including Barclays BARC.L, Lloyds Banking Group LLOY.L, and NatWest Group NWG.L, will hold talks on Monday with Rachel Blake, the economic secretary to the Treasury.
     
The Independent
 - British Prime Minister Starmer said the agreement between Iran and the US is a “hugely important step forward in ending the war”.
     
     
     
     
($1 = 0.7434 pounds)

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