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Press Digest: British Business - September 11

PRESS DIGEST-British Business - September 11

- 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

-Primark, the budget fashion chain being spun off from Associated British Foods ABF.L plans to start an online delivery service in England, Scotland and Wales alongside its continued expansion of its click & collect service.

-Around 40% of shareholders of Ryanair RYA.I voted againstthe proposed €150 million bonus to Chief Executive Michael O’Leary tied to the airline hitting performance targets.

The Guardian

-The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East.

-Glencore’s GLEN.L billionaire former head of oil trading Alex Beard has pleaded⁠not guilty ⁠to ​two bribery charges after allegedly facilitating payments to west African officials in order to advance the Swiss commodity trader’s operations ⁠in the continent.

The Telegraph

-Guardian staff have threatened towalk out over pay, with the National Union of Journalists (NUJ) set to hold an indicative ballot of members on whether to strike against the company's latest pay offer

Sky News

-The EU has drafted new rules that couldimpose further restrictions on Airbnb ABNB.O and other short-term home rental companies, which have long been linked with shortages of affordable housing.

-A group of developers working on the highly anticipated Grand Theft Auto VI in the UK are suing Rockstar Games claiming they were unfairly sacked by their employer.

The Independent

- Andy Burnham has said that the new £1 billion scheme for 29 new battery-electric trains will "bring faster, more reliable journeys to the North," with production slated for 2028 and rollout expected by the end of 2034.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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