Press Digest: British Business - April 17
17/04/2024 02:16
April 17 (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
- Troubled fashion chain Superdry SDRY.L said it will
leave the London Stock Exchange and will seek rent reductions
for its stores as part of a radical three-year restructuring
plan.
- The former chief executive of Shell SHEL.L Ben van
Beurden has become a senior adviser on energy transition
investments at KKR KKR.N .
The Guardian
- Thames Water is preparing to tap debt markets within weeks
in an attempt to fund a rescue plan and repair its threadbare
finances.
- Scottish Power to pay 1.5 million pounds ($1.86 million)in
refunds and compensation after overcharging nearly 1,700
households at the height of the energy crisis and in previous
years, paying out an average of 294 pounds to each customer.
The Telegraph
- Alstom's ALSO.PA plant in Derby, is set to be awarded a
deal for 10 new commuter units after crunch discussions between
Transport Secretary Mark Harper and the French company's boss
Henri Poupart-Lafarge.
- The Bank of England Governor Andrew Bailey has signalled
UK interest rates remain on course to fall in the coming months,
despite the resilience of the British jobs market.
Sky News
- UK's Birmingham Airport temporarily suspended operations
due to 'security incident' on aircraft.
- UK prime minister Rishi Sunak's flagship smoking ban has
passed its first parliamentary hurdle despite opposition from
within his cabinet, as Labour backed the bill.
The Independent
- Millions of people in the UK with physical immigration
documents are being invited to switch to an eVisa as the
Government aims for a fully digital immigration and border
system by 2025, the Home Office has said
($1 = 0.8048 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))