Press Digest: British Business - Nov 20

Mulberry

20/11/2024 03:18

Nov 20 (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 introduction of higher national insurance tax on
employers poses "uncertainty" for future interest rate cuts,
Bank of England Governor Andrew Bailey has warned.
    - Andrea Baldo, the new boss of Mulberry  MUL.L , has said
that he will "right-size" the business and lower the prices of
its handbags as part of a plan to turn around the struggling
British luxury goods seller.
    
    The Guardian
    - Minecraft has struck a deal with UK-headquartered Merlin
Entertainments - Europe's largest theme park operator, in which
the company will invest 85 million pounds ($107.8 million) to
open themed rides, attractions, hotel rooms and retail outlets,
starting with the UK and U.S.
    - The staff have resigned at UK's Starling Bank after its
new chief executive Raman Bhatia demanded thousands of workers
attend its offices more frequently despite lacking enough space
to host them.
    
    The Telegraph
    - Britain's The Guardian is braced for strike action after
journalists voted overwhelmingly in favour of a walkout in
protest over plans to sell The Observer to Tortoise Media, a
loss-making startup.
    - UK Prime Minister Keir Starmer claimed that the BBC has
backed him over the inheritance tax raid on farmers, prompting
accusations of bias.
    
    Sky News
    - The scandal-hit Post Office has moved to cut its senior
leadership team by half under efforts to reduce costs and
bolster the business's damaged culture.
    - UK Home secretary Yvette Cooper told the Treasury has said
it will "ensure" police forces will not lose out as a result of
changes in employers' contributions brought in as part of last
month's budget.
    
($1 = 0.7883 pounds)

 (Compiled by Bengaluru newsroom)
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