PRESS DIGEST-British Business - Dec 6
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Dec 6 (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
- Nick Read has stepped down as Vodafone Group Plc's chief executive after four years in the role, to be replaced by Margherita Della Valle, the company's finance chief, as the interim boss.
- Glencore Plc is to pay $180 million to the Democratic Republic of Congo after admitting to years of corruption in the central African country.
The Guardian
- Mike Ashley's Frasers Group PLC, has served Coventry City with an eviction notice ordering the Championship football club to leave its home stadium Coventry Building Society Arena.
- The Chinese fashion retailer Shein has vowed to invest $15 million (12.2 million pounds) in improving standards at its supplier factories as it admitted working hours at two sites breached local regulations following labour abuse allegations made in a Channel 4 documentary.
The Telegraph
- British business minister Grant Shapps concluded that the takeover of British mobile company Truphone by German entrepreneur Hakan Koç could pose a risk to national security following an investigation into the deal.
- Carmaker Toyota Motor Corp has launched six new electric models, to be available in Europe by 2026, in a sign of shifting focus from its previous bet on hydrogen as the green fuel of the future.
Sky News
- Britain's RMT union members at Network Rail are being urged by union bosses to reject new pay proposals and proceed with walkouts on 13-14 and 16-17 December.
- British housing minister Michael Gove has watered down the government's target to build 300,000 homes every year following an angry backlash from his own party's MPs. (Reporting by Jyoti Narayan in Bengaluru)
