Press Digest: British Business - Feb 2
02/02/2024 24:59
Feb 2 (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
- Norwegian asset manager First Seagull has bought a 5.3%
stake in Superdry SDRY.L after a series of profit warnings
over the past year drove down its share price.
- GSK GSK.L said on Thursday it had agreed to settle
another lawsuit in California that alleged its discontinued
heartburn drug Zantac caused cancer, the latest in a series of
settlements to end costly litigation.
The Guardian
- Deutsche Bank DBKGn.DE said on Thursday it would cut
3,500 jobs, buy back shares and pay dividends, in its latest
pitch to investors that its turnaround remains on track.
The Telegraph
- BAE Systems BAES.L is developing a new generation of
heavy-lift military drones that can evacuate wounded troops and
deliver supplies after snapping up Malloy Aeronautics, a
fast-growing British manufacturer.
- The BBC and leading studios are being investigated over
concerns that it may have engineered fixed fees for freelancers
amid TV sector budget cuts.
Sky News
- TSB, the British lender owned by Spain's Sabadell
SABE.MC , will cut jobs and close branches to improve its
efficiency, the CEO of the Spanish bank told a press conference
on Thursday after TSB set aside restructuring costs of 29
million pounds($36.97 million).
($1 = 0.7844 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))