Press Digest: British Business - Feb 27
27/02/2024 01:12
Feb 27 (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
- UK Chancellor Jeremy Hunt is expected to use next week's
budget to cut national insurance rather than income tax as he
announces a new levy on vaping.
The Guardian
- The UK competition watchdog has opened an investigation
into eight housebuilders after it found evidence they may be
sharing commercially sensitive information that could affect the
price of homes.
The Telegraph
- The UAE-funded takeover of The Telegraph could be blocked
under proposed laws that would grant Parliament a veto on
foreign state ownership of the British news media.
- British supermarket chain Morrisons explores sale of
bakery business in bid to pay down debts.
Sky News
- Clipper Logistics owner GXO GXO.N has approached British
logistics company Wincanton WIN.L about a potential offer.
- The UK government has announced it will significantly
increase the interim payment given to Post Office workers who
have their convictions overturned, from 163,000 pounds
($206,667.70) to 450,000 pounds.
The Independent
- British financier, philanthropist and head of the renowned
Rothschild empire Jacob Rothschild has died aged 87.
($1 = 0.7887 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))