PRESS DIGEST-British Business - Sept 28
- Oops!Something went wrong.Please try again later.
Sept 28 (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
- Dame Helena Morrissey is to quit as chairwoman of AJ Bell plc after failing to convince regulators that Andy Bell, the fund supermarket's founder, should be allowed to stay on the board when he steps aside as chief executive at the end of the month.
- Danish, German and Swedish officials said an act of sabotage was the only plausible explanation for the "unprecedented" damage to the Nord Stream 1 and Nord Stream 2 pipelines, accusing Russia of blowing up the two gas pipelines with the aim of destabilising Europe in the midst of its energy war.
The Guardian
- The Communication Workers Union (CWU) announced that Royal Mail workers are to hold a further 19 strikes in October and November in a deteriorating and long-running dispute over pay and conditions.
- Post-Brexit border checks have slowed the speed at which Eurostar passengers pass through London St Pancras on their way to Paris, reducing the terminal's capacity by one-third, according to the cross-Channel rail company's boss.
The Telegraph
- Thames Water Utilities Ltd has admitted that a hosepipe ban that came into effect on August 24 and affects 10 million people across the south of England is expected to last into next year.
- PayPal has reinstated the accounts of a free speech campaign group after it was accused by MPs of imposing an "orchestrated, politically motivated" ban. The U.S. finance company had frozen three accounts run by Toby Young, the general secretary of the Free Speech Union.
Sky News
- UK's Labour Party on Wednesday will unveil a plan that will cost £365 million ($389.97 million) a year to ensure that every primary school child in England has access to fully funded breakfast clubs under a government led by Sir Keir Starmer.
- TP Icap, the interdealer broker, is coming under intense pressure from shareholders to break itself up in a move they believe could trigger a £1.5 billion ($1.60 billion) capital return.
The Independent
- Virgin Atlantic has become the first UK-based carrier to join the global SkyTeam airline alliance in what it called a "significant milestone" in its recovery from the COVID pandemic.
- The Kremlin has refused to deny that Russia could close its borders to prevent an exodus of military-age men who could be conscripted to fight in Ukraine, after almost 17,000 Russians crossed the border into Finland over the weekend. ($1 = 0.9360 pounds) (Compiled by Bengaluru newsroom)
