Press Digest: British Business - May 28

Newprinces SpA

28/05/2024 03:57

May 28 (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
    Aviva  AV.L  and Scottish Widows plan to become official
pensions dashboard operators, joining a coalition of companies
seeking to breathe life into the long-delayed project.
    - Italy's Newlat Food  NWLF.MI  has agreed to buy Princes
for 700 million pounds  ($894.18 million) to add the British
company's tinned fish and Napolina sauces to its range and
create the food sector's first Milan-based "unicorn" - or
billion-dollar startup.
    
    
    The Guardian
    - Senior politicians, including three parliamentary
committee chairs, have called for more scrutiny of Shein as the
fast-fashion retailer founded in China sets its sights on a
London stock market listing.
    - UK shop price inflation eased to the lowest level since
November 2021 after retailers cut the price of big purchases
such as furniture and TVs as households keep a tight rein on
spending amid cost of living pressures and poor weather.
    
        
    The Telegraph
    - German lender Deutsche Bank  DBKGn.DE  is poised to wind
down Numis Securities' U.S. operations after slashing the
estimated value of the broker following a takeover deal.
    - Struggling shipbuilder Harland & Wolff  HARL.L  will be
forced to close its yards in Scotland and focus exclusively on
work for the Royal Navy if a 200 million pound($255.48
million)funding lifeline falls through, bosses have warned.
    
    
    Sky News
      - British Prime Minister Rishi Sunak on Monday proposed
tax cuts for millions of pensioners in his latest campaign
pledge, highlighting the importance of older voters in the
upcoming July election.

    
($1 = 0.7828 pounds)

 (Compiled by Bengaluru newsroom)
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