Press Digest: British Business - April 25
25/04/2023 01:02
April 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
- Britain's Financial Conduct Authority has set out a series
of measures that it says the banking industry must implement to
reduce criminal abuse of cash deposit services at the Post
Office.
- German discount supermarket chain Lidl published a list of
247 desired sites for new shops across Britain, with Chelsea,
Kensington, Mayfair, Westminster and Knightsbridge among
potential locations.
The Guardian
- The Italian restaurant chain Prezzo has said it plans to
close 46 outlets in the UK, putting 810 jobs at risk.
- French luxury goods group LVMH LVMH.PA has become the
first European company to hit a $500 billion market value thanks
to booming demand among the rich for its high-end brands.
The Telegraph
- Britain is joining forces with the European Union to
protect offshore wind farms and pipelines from Vladimir Putin in
a new security pact.
- The scandal-hit Confederation of British Industry (CBI)
failed to sack "toxic" sexual predators in harassment cases and
lost the confidence of female staff members, its president has
admitted.
Sky News
- Renee Elliott, the founder of Planet Organic, has agreed
to lead a takeover of the supermarket chain through a pre-pack
administration.
- Software company Smoove SMV.L has received several
takeover approaches from unnamed suitors, which could result in
its delisting from the AIM market.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))