British Business - August 7
Aug 7 (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
- British Prime Minister Keir Starmer said sufficient police would be on the streets to handle anti-Muslim and anti-immigrant riots in the coming days as he sought to reassure communities braced for more violent protests on Wednesday.
- British finance minister Rachel Reeves wants the UK to follow the "Canadian model" and consolidate scores of smaller local government pension schemes worth £360 billion to help boost investment and "fire up the economy".
The Guardian
- Britain's water regulator plans to fine debt-laden Thames Water 104 million pounds ($132.1 million), close to the maximum penalty allowed, after an investigation into historic sewage spills.
- Muslim community leaders have urged restraint amid signs of a growing readiness to defend mosques, businesses and homes using violence if necessary after a week of aggression from the far right.
The Telegraph
- Richard Branson's Virgin Atlantic has been banned from describing its green jet fuel as "sustainable" after it was accused of "misleading" customers during an advertising campaign.
- British finance minister Rachel Reeves has refused to rule out a capital gains tax raid on savers and investors a week after she warned of "difficult decisions" on tax in October's Budget.
Sky News
- HSBC Holdings HSBA.L has lured one of Britain's top diplomats, David Quarrey CMG, to fill one of its most senior executive roles as it braces for an intensification of global geopolitical headwinds.
($1 = 0.7873 pounds)
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
