British Business - Sept. 30
Sept 30 (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
- Equity partners in the UK arm of Deloitte will suffer a 5% pay cut.
- Internet service providers are pressing gaming companies to be more transparent about their product launches in order to manage pressure on the broadband network, as an update of Fortnite is due to coincide with UEFA Champions League matches on Tuesday.
The Guardian
- Britain's only remaining coal power plant at Ratcliffe-on-Soar in Nottinghamshire will stop generating electricity on Monday, 57 years after it started its operations.
- BT BT.L has received 105 million pounds ($140.47 million) as an upfront prepayment for the sale of surplus copper cables from its old network.
The Telegraph
- The British Government is poised to approve the extension of HS2 into Euston station, despite concerns it could saddle the taxpayer with billions of pounds in extra costs.
Sky News
- Liverpool-based Applied Nutrition is expected to unveil plans for a 500 million pound IPO on Monday.
- Blast Furnace 4, the final furnace operating at Tata Steel's plant in Port Talbot will be fully shut down as of Monday.
The Independent
- Britain's government will close a loophole that meant ministers did not have to declare hospitality they had received, cabinet office minister Pat McFadden said on Sunday when pressed again to explain the use of donations for clothing and gifts.
($1 = 0.7475 pounds)
(Compiled by Bengaluru newsroom)
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