Press Digest: British Business - June 11
PRESS DIGEST-British Business - June 11 June 11 - 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
- London Mayor Sadiq Khan's contentious decision to block Palantir’s PLTR.O deal with the Metropolitan Police will result in hundreds of frontline job losses, documents presented to the London Assembly have revealed.
- Social media platforms including X will be forced to remove posts inciting disorder during "times of crisis", the UK technology secretary Liz Kendall said.
The Guardian
- Frasers Group FRAS.L, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling German fashion brand Hugo Boss BOSSn.DE>.
The Telegraph
- UK's Energy Secretary Ed Miliband is resisting pressure from Prime Minister Keir Starmer to cut spending in his department amid a Cabinet row about how to fund defence.
Sky News
- UK audit watchdog is to launch an investigation into accountancy firms which supervised the books of entities linked to Market Financial Solutions (MFS).
(Compiled by Bengaluru newsroom)