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PRESS DIGEST-British Business - June 10

reuters.com · 06/09/2022 19:50
PRESS DIGEST-British Business - June 10

- 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 online electricals retailer AO World AOWDF on Thursday said it will close its business in Germany. https://bit.ly/3aLZKTd

- M&C Saatchi's MSAAF preferred suitor Next Fifteen NXFNF, has said that it will not bid any more than the 310 million pounds ($387.31 million) it offered last month for the marketing group. https://bit.ly/3mzuqdd

The Guardian

- The chief executive of Wizz Air WZZAF is facing a backlash from pilot unions after suggesting staff should "go the extra mile" to fly when fatigued. https://bit.ly/3QfHDFu

- Indian billionaire Mukesh Ambani's Reliance Industries RLNIY has teamed up with the U.S. private equity fund Apollo Global Management to make a 5 billion pound bid for the UK's Boots WBA chain. https://bit.ly/39fX4NA

The Telegraph

- Stockholm-based sex toy designer Lelo on Thursday scrapped plans to float on the London Stock Exchange amid buyer interest. https://bit.ly/3ML35Q4

- Deloitte on Thursday denied that it failed to protect a former female employee from being bullied by one of its male partners after a romantic relationship between the pair ended. https://bit.ly/3QcdR4u

Sky News

- Britain's biggest holiday parks operator Parkdean Resorts on Thursday said it is halting its 1.6 billion pound sale amid torrid economic outlook. https://bit.ly/3ND9b6b

- U.S. private equity firm Clayton, Dubilier & Rice's 7 billion pound takeover of British supermarket group Morrisons cleared its last regulatory hurdle on Thursday, more than eight months after shareholders backed the deal. https://bit.ly/3NGjuqa

($1 = 0.8004 pounds)

(Compiled by Bengaluru newsroom)