British Business - Aug 20
Aug 20(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
- Energy bills for most households in Britain are expected to rise by an average of 146 pounds ($189.60) to 1,714 pounds a year from October 1, as wholesale gas prices rebound amid mounting global political turmoil.
- The remaining 31 Ted Baker shops in Britain will close this week, bringing an end to the fashion brand's 37 years on the high street.
The Guardian
- Debt-laden Thames Water faces a scramble to find further funds as it fights to avoid a government-handled administration, after plans to charge customers 157 million pounds to repair a hole in its pension scheme were rejected.
- The housebuilder Barratt BDEV.L is pushing ahead with its 2.5 billion pounds takeover of rival Redrow this week despite concerns raised by the government's competition watchdog.
The Telegraph
- One man died and six people were missing, including British tech entrepreneur Mike Lynch and his daughter, after a luxury yacht was struck by an unexpectedly violent storm and sank off Sicily.
Sky News
- UK's AirX, is finalising an agreement with Searchlight Capital Partners to sell roughly 25% of the company.
- Stephen Chamberlain, once Mike Lynch's co-defendant in the U.S. fraud trial over the sale of Autonomy to Hewlett-Packard, has died after a road accident left him critically injured, days before Lynch went missing off the coast of Sicily.
($1 = 0.7701 pounds)
(Compiled by Bengaluru newsroom)
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