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PRESS DIGEST-British Business - June 13

PRESS DIGEST-British Business - June 13

reuters.com · 06/12/2022 20:51
PRESS DIGEST-British Business - June 13

- 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

- Clayton Dubilier & Rice is looking to sell several Morrisons' warehouses and food manufacturing plants, a portfolio which includes two dozen sites worth more than 600 million pounds($736.74 million). https://bit.ly/39lBc3m

- British household spending will shrink next year, the Confederation of British Industry warned on Monday, as it called on the UK government to take measures to stimulate business investment to prevent a wider economic downturn. https://bit.ly/3xKVWuP

The Guardian

- EasyJet EZJ.L on Monday reduced its flight schedule for the rest of June in an effort to overcome the travel chaos seen in the school holidays when staff shortages meant thousands of people were hit by last-minute cancellations. https://bit.ly/3xHkIfe

- UK's business secretary, Kwasi Kwarteng, on Sunday asked the UK's competition watchdog to urgently review petrol station operators, amid concerns that retailers have not passed on the recent cut to fuel duty. https://bit.ly/3xHM5pk

The Telegraph

- Advertising agencies mounting a prolonged boycott of GB News are damaging its business, its chief executive Angelos Frangopoulos admitted on Sunday, as he claimed the action represents a threat to free speech. https://bit.ly/3aVlz33

- UK chancellor Rishi Sunak must cut business taxes now to save the economy from recession, the Confederation of British Industry warned on Sunday, as the cost of living crisis derails the recovery from COVID. https://bit.ly/3xIuTA4

Sky News

- Brandon Lewis, the Northern Ireland secretary, has become the latest Cabinet minister to call for planned income tax cuts to be brought forward "when we can afford to do it". https://bit.ly/3MJw7zw

- Cressida Hogg, the chair of Landsec, the FTSE-100 commercial property group, is on a shortlist of contenders to take the helm at the Royal Opera House, one of Britain's most important cultural sector jobs. https://bit.ly/3NKJGjp

($1 = 0.8144 pounds)

(Compiled by Bengaluru newsroom)