PRESS DIGEST-British Business - July 7

·2 min read

July 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

- GSK shareholders have overwhelmingly voted in support of plans to break up the drugs group through the demerger and listing of Haleon, its consumer healthcare business, later this month. https://bit.ly/3ONqkL9

- Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com's Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. https://bit.ly/3AtQG0j

The Guardian

- The Ukrainian president, Volodymyr Zelenskiy, has called on the world's largest independent oil trader to stop shipping Russian oil, accusing it of "brazen profiteering from blood oil". https://bit.ly/3utBtbE

- The European parliament has backed plans to label gas and nuclear energy as "green", rejecting appeals from prominent Ukrainians and climate activists that the proposals are a gift to Vladimir Putin. https://bit.ly/3RifRcc

The Telegraph

- Emmanuel Macron is to fully nationalise France's debt-laden nuclear power giant EDF as it scrambles to shore up energy supplies in the wake of Russia's invasion of Ukraine. https://bit.ly/3yjI5dT

- HSBC is closing in on a deal to sell its Russian business to the banking tycoon Igor Kim following pressure from MPs to withdraw and fully condemn Vladimir Putin's war in Ukraine. https://bit.ly/3OPlDjQ

Sky News

- British Airways has announced it will cut a further 10,300 short-haul flights until the end of October. https://bit.ly/3Ik0ls1

- Chancellor Nadhim Zahawi has said there is "nothing off the table" on tax cuts as he called for caution on public sector pay rises. https://bit.ly/3AscfhL

The Independent

- Nadhim Zahawi has denied he threatened to resign from Boris Johnson's cabinet amid a tussle for the role as chancellor and also hinted a planned rise in corporation tax may be axed. https://bit.ly/3ylxf7g

- The government should not pretend a new Brexit trade deal with Australia will have "noticeable" benefits for consumers, a cross-party parliamentary committee has warned. https://bit.ly/3AuUCOa

(Compiled by Bengaluru newsroom)