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British Business - June 13

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June 13 (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

- Starling Bank has signalled that it is edging closer to a stock market listing in London after higher interest rates propelled the digital-only lender to its third year of profits.

- Accounting giant Ernst & Young's (EY) UK boss Hywel Ball plans to step down, triggering a leadership race just as the Big Four firm confronts a market slowdown.

The Guardian

- British furniture retailer DFS DFSD.L has issued its second profit warning of the year, blaming much of the drop on delays to deliveries and higher shipping costs caused by the Red Sea crisis.

- The European Commission said it will impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing which said on Wednesday it would take measures to safeguard its interests.

The Telegraph

- Mexican magnate Carlos Slim has taken a 3.16% stake in BT BT.L, Britain's biggest broadband and mobile operator, according to a stock market filing on Wednesday, in a boost to the company's new chief executive Allison Kirkby.

- German utility Uniper UN0k.DE has won a multi-billion euro arbitration against former long-time supplier Gazprom GAZP.MM, it said on Wednesday, allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases.

Sky News

- Patron Capital Partners, which sold a 52.1% stake in Cala to Legal & General LGEN.L in 2018, is among the bidders now vying to buy it from the FTSE-100 financial services group.

(Compiled by Bengaluru newsroom)


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