Press Digest: British Business - Sept 23

Spero Therapeutics

23/09/2022 01:35

Sept 23 (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 asset management business of HSBC Holdings Plc  HSBA.L 
has set out plans to cut investments in thermal coal, months
after one of its former top executives caused a furore with his
comments about climate change. https://bit.ly/3S6d1qH
    British drugmaker GSK  GSK.L  has taken a stake in
Nasdaq-listed biotech company Spero Therapeutics  SPRO.O  as
part of a licensing deal, worth up to $525 million, for an
experimental antibiotic for complicated urinary tract
infections. https://bit.ly/3LEEduo
    The Guardian
    Britain's Companies House will be given new powers to
challenge incorrect or fraudulent claims in an economic crime
bill as part of a crackdown on "dirty money". https://bit.ly/3DMtE6w
    Britain's Royal Mail Plc's  RMG.L  row with employees over
pay and conditions has escalated, with the company saying it is
prepared to tear up elements of its nine-year deal with workers
to push through a modernisation programme. https://bit.ly/3fg6qvr
    The Telegraph
    The Bank of England has confirmed Britain is in recession as
it raised interest rates by 0.5 percentage points. https://bit.ly/3C0mBpw
    Around 40,000 members of rail union RMT at Network Rail and
15 train operators will walk out on October 8. https://bit.ly/3LCy5Tg
    Sky News
    British supermarket chain Morrisons' chief operating officer
Trevor Strain is close to finalising his departure. https://bit.ly/3Sp4lLD
    British finance minister Kwasi Kwarteng has announced that
April's National Insurance hike is to be reversed from Nov. 6. https://bit.ly/3r6KTYp
    The Independent
    More than 100,000 people in part-time work could face a
benefit cut if they fail to properly look to do more hours,
British finance minister Kwasi Kwarteng is set to announce in
his mini-budget on Friday. https://bit.ly/3LzfSGe
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))