Press Digest: British Business - Sept 8

Restaurant

08/09/2023 01:06

Sept 8 (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
    
    - House prices are falling at their fastest rate since the
financial crisis and have hit their lowest level in real terms
since 2016 as high interest rates subdue the property market,
according to the latest index from Halifax. 
    
    - British American Tobacco  BATS.L , the maker of Lucky
Strike and Dunhill cigarettes, has agreed to sell its Russian
and Belarusian business to a consortium led by members of its
Russian management team. 
    
    
    The Guardian
    
    - Britain's largest electric vehicle charging hub has opened
at Birmingham's NEC conference centre with the power to charge
up to 180 vehicles at a time in as little as 15 minutes.
    
    - Workers at a British weapons plant that supplies missiles
to Ukraine are to stage a two-week strike after accusing the
Ministry of Defence of breaking a pledge to hold meaningful pay
talks.
        
    The Telegraph
    
    - Aldi said on Thursday it is planning to have 1,500 shops
across the UK, in an expansion plan that targets London and Home
Counties shoppers.
     
    - Smurfit Kappa  SKG.I , the Irish paper and packaging
producer, is in discussions to merge with U.S. rival WestRock
 WRK.N , which will result in the company cancelling its premium
London listing if a deal is agreed.
    
    Sky News
    
    - Britain's CBI, the embattled employers' lobbying group, is
in talks with Make UK, the manufacturers' body, about forging a
closer alliance in areas such as industrial strategy policy.
    
    - Ken Hanna, the chairman of Wagamama owner Restaurant Group
 RTN.L  will step down after months of pressure from activist
investors.     

    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))