Press Digest: British Business - May 18

Purplebricks

18/05/2023 01:14

May 18 (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
    - British car plants will close with the loss of thousands
of jobs unless the Brexit deal is swiftly renegotiated, warned
Stellantis  STLAM.MI  , the company behind the Vauxhall,
Peugeot, Citroen, Fiat and Jeep brands. 
    
    The former boss of collapsed investment firm London Capital
& Finance (LCF), received a suspended jail sentence after he
admitted concealing 95,000 pounds ($119,899.50) from
investigators that was used to fund his luxury lifestyle.
    
    
    The Guardian
    - Pizza Express employees protest after it announced a cut
to hours for hundreds of waiting staff and increased managers
workload. 
    
    - British online estate agent Purplebricks  PURP.L , once
valued at more than $1 billion, said on Wednesday it had agreed
to be bought by smaller rival Strike for just one pound ($1.26).
        
    The Telegraph
    - Barclays  BARC.L  is planning to hire 200 new traders in
Paris, the company said adding that it expects to increase its
headcount in the French capital by about two-thirds over the
next two to three years.     
    
    Sky News
    - De La Rue  DLAR.L  investors push to install billionaire
Nat Rothschild as its next chairman.
    
    - Britain has now missed its window of opportunity to build
a battery industry, and the government, including Rishi Sunak,
is largely to blame, said Orral Nadjari, head of collapsed cell
manufacturer Britishvolt.    
   
    The Independent
    - No new licences will be issued for animal testing of
chemicals used exclusively as cosmetics ingredients Home
Secretary Suella Braverman announced the ban on Wednesday. 
    
    - Tory MP Craig Mackinlay has accused online giant
Amazon.com Inc  AMZN.O  of "facilitating" the sale of
"counterfeit postage stamps" from China.


($1 = 0.7923 pounds)

 (Compiled by Bengaluru newsroom)
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