Press Digest: British Business - Aug 25
25/08/2022 01:26
Aug 25 (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
- Rio Tinto RIO.L has offered an extra 270 million pound
($318.30 million)to take control of Canadian group Turquoise
Hill Resources. https://bit.ly/3Cui1jT
- Allied Minds, whose biggest shareholders included Neil
Woodford, is considering delisting from the London stock market
after a protracted downturn in its fortunes. https://bit.ly/3pJaNkE
The Guardian
- A corporate tribunal has ordered the Italian government to
pay more than 210 million pound to the UK oil company Rockhopper
RKH.L as compensation for an offshore oil drilling ban. https://bit.ly/3pIiyHp
- British Gas has announced it will donate 10% of its
profits to help its poorer customers manage rising gas and
electricity bills for the "duration of the energy crisis". https://bit.ly/3dIrOZd
The Telegraph
- Royal Mail RMG.L is preparing to take on its striking
trade union by tearing up a "groundbreaking" agreement to
protect jobs and conditions that was signed when the company was
privatised nine years ago. https://bit.ly/3CDaJKy
- Former Twitter TWTR.N staff have access to secret
software codes months after leaving the business, a
whistleblower has told The Telegraph, as the company faces
questions over national security. https://bit.ly/3KjdX7W
Sky News
- App-based lender Atom bank IPO-ATBK.L says its four-day
working week trial has been a resounding success. https://bit.ly/3AKS2Dx
- British aerospace company Reaction Engines is plotting a
flight-path towards an eventual public flotation. https://bit.ly/3TdXR3s
($1 = 0.8482 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))