British Business - June 10
June 10 (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
- Ashtead AHT.L is considering leaving the London market, saying it is hampered by "the remuneration environment in the UK".
- Prime Minister Rishi Sunak is preparing to promise another 2% cut to national insurance in the Conservative manifesto while Labour will not commit to making any tax cuts.
The Guardian
- Workers rights campaigners have called for the UK's next government to oppose the online fashion business Shein joining the FTSE, arguing that a London listing would be "yet another betrayal to working people everywhere and the planet".
- The EU is expected to notify China that it will impose tariffs on electric vehicle imports this week, firing the starting gun on a potential summer trade war with Beijing. A formal pre-disclosure of tariffs could happen as early as Wednesday.
The Telegraph
- Italian energy startup Newcleo is pursuing plans to build 20 mini reactors across the UK, as it seeks to capitalise on the country's nuclear power expansion.
- Britain's Labour party is planning to override local councils to build data centres on the green belt, as Keir Starmer's Opposition seeks to boost Britain's artificial intelligence industry.
Sky News
- Administrators to Cazoo 8QE0.MU, the British online car retailer once valued at well over 5 billion pounds, are closing in on a deal to offload its marketplace division and Motors.co.uk is now the frontrunner to buy Cazoo's brand and marketplace business.
(Compiled by Bengaluru newsroom)
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