British Business - Sept 17
Sept 17 (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
- Carpetright owes nearly 8 million pounds ($10.5 million) to about 21,000 customers for outstanding orders at the flooring chain, which fell into administration in July, and most of them will not be refunded.
- Harland & Wolff HARL.L said it will wind down its non-core businesses and lay off some of its employees as the British shipbuilder struggles to stay in business amid financial woes.
The Guardian
- Former chief executive of NatWest NWG.L Alison Rose has taken a job as an adviser to Mishcon de Reya, one of the UK's top law firms, as she tries to return to the City after a career-damaging row with Nigel Farage last year.
- Sales of some new hybrid cars will be allowed until 2035, the UK government has said, but it denied that this was a change to a manifesto pledge to ban petrol and diesel cars from 2030.
The Telegraph
- Airbus AIR.PA is preparing to revive plans for a new helicopter factory in the UK as part of its attempt to secure a 1 billion pounds ($1.32 billion) contract from the Ministry of Defence (MoD).
- BP BP.L is plotting a 1.5 billion pounds ($1.98 billion)sale of its American onshore wind energy business as the oil giant backtracks on its green energy ambitions after an investor revolt.
Sky News
- THG THG.L, the London-listed e-commerce group behind beauty brands such as Lookfantastic, will this week signal to investors that it is exploring plans to spin off Ingenuity, its technology services arm.
- UK's former Treasury official Charles Roxburgh is leading the race to become the next chairman of Lloyd's of London, one of the City's most prestigious posts.
The Independent
- Ed Davey, leader of the centrist Liberal Democrats, is expected to lay out his plan to overtake the Tories at the next general election and “finish the job” his party believe they started this year.
($1 = 0.7573 pounds)
(Compiled by Bengaluru newsroom)
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