British Business - Dec. 9
Dec 9 (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 government and HS2 are on the verge of announcing that a 2.8 billion pounds ($3.70 billion) contract for t train manufacturing project is to be awarded to Derby's historic Litchurch Lane works and Hitachi Ltd's 6501.T much newer factory at Newton Aycliffe in Co Durham. Link
- Monzo, the digital bank, has raised $500 million at a $4.5 billion valuation, in a sign that its fortunes are improving after a turbulent period. Link
- The government is facing growing pressure to relaunch furlough and other emergency financial support schemes after imposing working from home orders in England because of the rapid spread of the Omicron variant of coronavirus. Link
- The oil, gas and metals merchant Trafigura will reward its top traders and executives with financial rewards worth more than $1 billion after making record profits from the market upheaval during the COVID pandemic. Link
- Supermarket chain Tesco PLC TSCO.L will hand an above-inflation pay rise to thousands of workers to end the threat of strikes at its depots before Christmas. Link
- Dyson has lost a legal battle to secure tens of millions of pounds in damages from an EU court following a row about vacuum cleaner labelling. Link
- Association of Tennis Professionals (ATP), whose star players include Novak Djokovic and the U.S. Open champion, Daniil Medvedev, has hired Rothschild to advise it on the potential tie-up. Link
- The Mercedes Formula One team has confirmed it has ended its controversial tie-up with Kingspan Group PLC KSP.I , a company that made some of the insulation used in Grenfell Tower. Link
- UK PM Boris Johnson has announced the government will implement its "plan B" for England with the introduction of COVID passports for large venues and guidance for the public to work from home from Monday. Link
($1 = 0.7571 pounds) (Compiled by Bengaluru newsroom)
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