PRESS DIGEST- British Business – June 14

June 14 (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 – UK inflation held steady in May at 2.4 percent but surging oil prices suggest that it could soon be on the way back up. – Ian Wakelin, the chief executive of waste management firm Biffa Plc, is to resign and hand the reins to his finance director Michael Topham. The Guardian – A branch of GCHQ, Britain’s intelligence and security service, is investigating one of the UK’s biggest data breaches at a single firm, involving unauthorised access to 5.
9 million Dixons Carphone Plc customers’ cards. bit.
ly/2l4pywM – Ryanair Holdings Plc is to open a new base at London Southend airport in April 2019, despite its concerns over Brexit. bit.
ly/2LO146t The Telegraph – Rolls-Royce Holdings Plc will announce on Thursday that it is slashing 10 percent of its workforce – about 4,000 jobs – as Chief Executive Warren East aims to make annual savings of up to 400 million pounds ($535 million). bit.
ly/2y6oe6c – Volkswagen AG has agreed to pay a 1 billion euro ($1.18 billion) fine in Germany, saying the penalty means it “accepts responsibility” for the diesel emissions scandal which sent the company into crisis. Sky News – Odey Asset Management, which is one of the largest shareholders in Tungsten Corporation Plc, is demanding the ousting of Chairman Nick Parker‎ and Richard Hurwitz, its chief executive. – Comcast Corp has launched a $65 billion cash bid for Twenty-First Century Fox Inc’s entertainment businesses, setting up a battle with Walt Disney Co which has offered $52 billion in stock. The Independent – Martin Sorrell will receive a 20 million pounds payout after a majority of WPP Plc shareholders backed the advertising firm’s pay report. .


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: