British Business - July 22
July 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
- United Kingdom-based online clothing retailer Sosandar SOSS.L plans to open 50 stores in the next three to five years, Co-chief Executive Julie Lavington said.
- Jean Cassegrain, the chairman and chief executive of the French handbag brand Longchamp, said the return of tourism since the pandemic had been "less strong in London than on the Continent" after duty-free shopping was scrapped following Brexit.
The Guardian
- The UK government will need to "take on net-zero nimbys" and ramp up public investment to decarbonise Britain's homes, transport and electricity system, a leading thinktank has said.
- British Prime Minister Keir Starmer says he respects Joe Biden's decision to pull out of the US presidential election, describing the 81-year-old's political career as "remarkable".
The Telegraph
- Asset manager Columbia Threadneedle Investments has forecasted that the energy price cap will jump from its current level of 1,568 pounds($2,027.74)to 1,762 pounds ($2,278.62)in October, resulting in the average British family paying 194 pounds($250.88) more a year.
- TalkTalk is scrambling to finalise a 200 million pounds ($258.48 million) lifeline from founder Charles Dunstone as the company seeks to stave off collapse.
Sky News
- Energy supplier Utilita is plotting to raise tens of millions of pounds to fund projects aimed at meeting net zero targets.
The Independent
- Britain's new finance minister Rachel Reeves hopes to boost pension pots by 11,000 pounds($14,225.20)and unlock billions more in investment with a review of retirement savings.
($1 = 0.7738 pounds)
(Compiled by Bengaluru newsroom)
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