PRESS DIGEST-British Business - July 8

  • Reuters
  • Stock Market News
PRESS DIGEST-British Business - July 8

July 8 (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

- British broadcasters ITV (LON: ITV ), Channel 4 and Sky have called on ministers to introduce new laws "as a matter of urgency" to stem the spread of disinformation on Facebook Inc FB.O and Alphabet Inc's GOOGL.O Google. https:// GlaxoSmithkline Plc GSK.L has teamed up with Medicago, part owned by the American tobacco giant Philip Morris (NYSE: PM ) Inc PM.N , to use its adjuvant technology on a new candidate vaccine for Covid-19. https:// Guardian

- Next Plc NXT.L , Asos Plc ASOS.L and Amazon.com Inc AMZN.O have decided to pull all Boohoo Group Plc BOOH.L clothing from sale as growing anger over workers' pay and conditions at the company's suppliers. https:// Logistics company DHL has notified unions that 2,200 workers, around 40% of those currently employed on its Jaguar Land Rover contract, will be laid off. https:// Telegraph

- One of London's oldest hedge funds, Lansdowne Partners, is to retreat from shortselling by shutting down its main 2.2 billion pound ($2.76 billion) fund after heavy losses. https:// Jim Ratcliffe's Ineos Automotive in discussions with Daimler AG DAIGn.DE about taking over its car plant in France. https:// News

- Chancellor Rishi Sunak will spend 2 billion pounds to fund a work placements scheme for young people in coronavirus recovery package. https:// The Carlyle Group Inc CG.O has hired bankers to sound out prospective buyers of Nationwide Accident Repair Services. https:// Independent

- Reach Plc RCH.L , the owner of the Daily Mirror, Daily Express and Daily Star newspapers is to axe 550 jobs amid falling print sales and advertising income. https:// = 0.7962 pounds)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles