Press Digest: British Business - Dec. 20

Superdry

20/12/2023 24:25

Dec 20 (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
    - Interest rates will have to stay higher for longer, a
senior Bank of England official, Sarah Breeden has warned,
dashing expectations of monetary easing next year.
    - Pressure is mounting on UK deputy prime minister, Oliver
Dowden to intervene on national security grounds in the Abu
Dhabi-backed bid to buy the Telegraph newspapers.
    
    
    The Guardian
    - One of the UK's biggest manufacturers, JCB, is
investigating a spate of drug use among workers based at its
headquarters and has sacked a "significant" number of staff, the
Guardian can reveal.
    - The head of the UK's official statistics watchdog, Robert
Chote has challenged UK prime minister Rishi Sunak over his
claim to have reduced public debt, saying the prime minister's
definition of this was so specific and limited that it risked
being misleading for voters.
        
    The Telegraph
    - Virgin Media O2 has denied that telecoms companies are
putting the elderly at risk with the rollout of digital
landlines, claiming private care providers and local authorities
are to blame for issues with the switch over
    - Journalists at the Financial Times are demanding a minimum
starting salary of $80,000 in a dispute over pay. The
newspaper's American union is locked in discussions with bosses
amid concerns that current wages are not "anywhere close" to
livable.
    
    Sky News
    - Bahrain's sovereign wealth fund, Mumtalakat is gaining
full ownership of McLaren Group, one of the most revered names
in British premium manufacturing, as part of long-term plans to
secure a partnership with a global industry giant.
    - Superdry  SDRY.L  , the high street fashion retailer, has
seen its market value hit a record low after it issued a profit
warning.
    
    
    The Independent
   - UK prime minister Rishi Sunak will face another by-election
test early next year after MP Peter Bone lost his seat in
parliament in a recall petition.
    - UK prime minister Rishi Sunak has admitted he does not
know when he will be able to "stop the boats", insisting there
is no "firm date" on the promise he made about stopping migrant
crossings in the English Channel.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))