Press Digest: British Business - Feb 24
24/02/2023 01:42
Feb 24(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
- Redx, a biotechnology business that focuses on cancer and
fibrotic disease treatments, has become the latest company to
set out a plan to abandon the London stock market after
unveiling a £353 million reverse takeover of a U.S. rival.
- Anglo American has delayed the start-up of Britain's
biggest new mine in decades until 2027 and revealed that the
costs of reaching first production have soared to more than $6
billion.
The Telegraph
- Rishi Sunak is facing renewed calls to ban government
officials from using TikTok after EU staff were told to delete
the Chinese-owned app because of security fears.
The Guardian
- Britain's energy regulator, Ofgem, is facing a boardroom
overhaul amid stinging criticism over its handling of the energy
crisis.
Sky News
- Retailers urge UK PM to overhaul 2-billion-pound ($2.40
billion) waste recycling scheme.
- The food system "remains resilient", UK environment
secretary has insisted, as she conceded fruit and vegetable
shortages will likely continue for another two to four weeks.
($1 = 0.8322 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))