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PRESS DIGEST-British Business - July 28

PRESS DIGEST-British Business - July 28

Reuters · 07/27/2022 20:25
PRESS DIGEST-British Business - July 28

- The following are the top stories on the business pages of British . Reuters has verified these stories and does vouch for their accuracy.

The Times

- Energy bills are on course to almost double to 4,000 pounds ($4,867.20) this winter and remain above 3,000 pounds a year until 2024, as Russia further curtails gas supplies to Europe. https://bit.ly/3PYA0Tc

- McDonald's MCD raised the price of its cheeseburger in the UK for the first time in more than 14 years, blaming higher energy and food costs, as the price will rise to 1.19 pounds($1.45). https://bit.ly/3Bjjvgb

The Guardian

- Unions warned the UK could face a general strike this year as rail workers voted for fresh action set to intensify a summer of industrial unrest. https://bit.ly/3zCXXdn

- In its early outlook forecasting Britain's ability to keep the lights on over winter, the National Grid admitted there could be "tight periods" in early December, which would trigger a call for power plants to ramp up generation. https://bit.ly/3oyORI7

The Telegraph

- BBC staff are staging a revolt over plans to capitalise by commercialising Radio 4 programmes for overseas listeners, as the corporation faces internal resistance to a shake-up of its audio division. https://bit.ly/3BnzcD2

- British insurers are preparing to underwrite the sea transit of millions of tonnes of grain from Ukraine across the Black Sea and Lloyd's of London insurers are to spearhead the private sector's role in shipping crucial food supplies from the war-torn country. https://bit.ly/3b6Z9fK

Sky News

- BAE Systems BAESY is to unveil Cressida Hogg, the infrastructure veteran, as its first female chair and plans to announce the appointment of Hogg as the successor to Sir Roger Carr alongside its half-year results on Thursday morning. https://bit.ly/3zA27Th

- Nursery and baby products chain Mamas & Papas is being put up for sale by its private equity backers, as the Bluegem Capital-owned company is working with bankers at Rothschild PIEJF on a prospective auction. https://bit.ly/3J8ddlD

($1 = 0.8228 pounds)

(Compiled by Bengaluru )