Press Digest: British Business - Oct. 5
05/10/2021 02:01
Oct 5 (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
- The GMB union has praised Yodel's offer of giving LGV
drivers a pay raise to 16 pounds an hour, a decision which came
after negotiations that happened 2 weeks ago. https://bit.ly/3uDOD4E
- Responsible Housing Reit PLC RHR.L , a company that was
looking to raise £250 million to build and buy homes to rent out
to disabled and elderly people has postponed its planned stock
market float as investors grow increasingly wary of the social
housing sector. https://bit.ly/3BikVoE
The Guardian
- Petrofac Ltd PFC.L , a service provider for oil and gas
producers, was fined 70 million pounds on Monday after it
admitted to paying bribes to land multibillion pound contracts
in three Middle Eastern countries. https://bit.ly/3AbKyWK
- British regulator Ofgem is investigating electricity
producers EP SHB Limited and SSE Generation to establish
whether they overcharged the grid to lower their production
levels and broke the terms of their licences. https://bit.ly/3BaMzDR
The Telegraph
- The chief executive of Ozy Media, Carlos Watson, has vowed
to keep the media business alive despite announcing it would
close in the wake of an impersonation scandal. https://bit.ly/3Adt2kR
- Caffe Nero has hired advisers from Lazard LAZ.N as it
seeks to refinance debts of almost £150m in a bid to keep the
billionaire Issa brothers at bay. https://bit.ly/3DbJyDY
Sky News
- British supermarket giant Tesco PLC TSCO.L , could
announce on Wednesday that it has reached agreement with a group
of institutional investors to settle the final legal action from
shareholders over the 2014 accounting crisis. https://bit.ly/3mnzZuO
- British regulator Ofgem has announced that energy supplier
E.On has been appointed to take on 233,000 customers affected by
the latest collapse of smaller rivals ENSTROGA, Igloo Energy and
Symbio Energy. https://bit.ly/3DfknA7
The Independent
- Facebook Inc's FB.O apps and services - including
Instagram and WhatsApp - came back online, six hours after an
outage earlier on Monday. https://bit.ly/3mrEtjR
- British ministers have been told that just 27 fuel tanker
drivers have applied to work in the UK from the EU through the
government's emergency visa scheme which is designed to fix the
country's petrol shortages, according to a report. https://bit.ly/3msoWjM
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))