British Business - Nov. 27
Nov 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
- Stellantis STLAM.MI plans to shut its Vauxhall van factory in southern England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment.
- The London branch of Australia's Macquarie Bank has been fined 13 million pounds($16.34 million)for "serious failings" after an employee recorded more than 400 fictitious trades and concealed trading losses, the markets regulator said on Tuesday.
The Guardian
- British bankers should be able to spend their bonuses sooner, the Bank of England and Britain's Financial Conduct Authority said on Tuesday, setting out plans to relax rules put in place after the global financial crisis.
- Water companies in England are using loopholes in order to not pay people who are left for days without running water, the CEO of the regulator has said.
The Telegraph
- Mick Lynch, the general secretary of the Rail, Maritime and Transport union, told ministers that worker representatives should be able to seek injunctions against companies they believe are breaking the law.
- Britain will launch a consultation on changing its zero-emission vehicle mandate but will stick to a 2030 deadline for phasing out new petrol and diesel car sales.
Sky News
- Apollo Global Management APO.N is in talks to help finance a 550 million pound takeover of The Daily Telegraph by the owner of The New York Sun.
- British consumer goods firm Unilever ULVR.L has put its plant-based food range The Vegetarian Butcher up for sale as it streamlines its focus on to international megabrands.
($1 = 0.7954 pounds)
(Compiled by Bengaluru newsroom)
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