Press Digest: British Business - 28
28/03/2023 06:25
March 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
- British bank Barclays PLC BARC.L has described
allegations that its former chief executive was involved in a
sex-trafficking operation as "serious and new".
- The 353 million pound ($434.72 million) reverse takeover
by Redx Pharma REDX.L of an American rival has collapsed,
halting plans for the biotechnology business to quit the London
stock market.
The Guardian
- British Airways is to cancel more than 300 flights to and
from Heathrow over the Easter holiday period due to strikes by
airport security staff.
- Long-running talks between Royal Mail and the
Communication Workers Union are on the brink of collapse, with
the company's board thought to have threatened to put the
loss-making postal service into a form of administration if a
deal cannot be agreed.
The Telegraph
- Millionaire investor Stefan Glaenzer allegedly sexually
assaulted a woman by rubbing up against her as she loaded a
dishwasher, a court has heard.
- Bank of England governor Andrew Bailey has blamed a wave
of early retirement for forcing up interest rates and inflation
as Britain battles the steepest price rises of any large rich
country.
Sky News
- British clothing retailer Next PLC NXT.L is in advanced
talks to buy UK retailer Cath Kidston in its latest swoop on a
prominent but troubled retail brand.
- A decision to "reward" P&O owner DP World who sacked
nearly 800 ferry workers without notice has been met with anger
from unions. The government has confirmed that DP World, will
co-run the new Thames Freeport in Essex.
($1 = 0.8120 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))