British Business - Nov 22
Nov 22 (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's Royal Mail has warned that its loss-making business will be hit by a further 120 million pounds ($150.96 million) of costs from the budget increase in employer national insurance contributions.
- The Telegraph's New York suitor Dovid Efune has lost a third financial backer with just one week to go before the planned cut-off date for exclusive deal talks for a takeover.
The Guardian
- Britain's Serious Fraud Office (SFO) said it was investigating suspected bribery and corruption at Thales TCFP.PA, Europe's largest defence technology company.
- Three British mining executives from Resolute Mining RSG.AX who had been detained by the government of Mali have been released and are "safe and well", days after agreeing to pay $160m to settle a tax dispute.
The Telegraph
- Britain's Guardian Media Group bosses have been accused of "inappropriate" attempts to root out strikers after asking journalists to declare whether they will take part in industrial action next month in an attempt to avoid a temporary halt in its print operations.
- The UK's military equipment is "just not good enough", the UK's Defence Secretary John Healey admitted, a day after after announcing that the military will be hit by 500 million pounds worth of cuts.
Sky News
- Nine water companies, including crisis-hit Thames Water, will not use money from customers' bills to fund bonuses for executives after new rules came into force, regulator Ofwat said.
- Britain's former Labour deputy prime minister John Prescott has died aged 86, following a battle with Alzheimer's, his family has announced.
($1 = 0.7949 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.
