British Business - Jan. 20
Jan 19 (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 BBC's licence fee revenues are at risk as younger viewers shun it in favour of on-demand services, the National Audit Office says today. Link
- The boss of Next Plc NXT.L has joined the board of Deliveroo as the food delivery company puts the finishing touches to its plan for a stock market float. Link
- British ministers are set to halt plans for daily coronavirus tests in England's secondary schools after teachers expressed alarm that the flagship policy had not been approved by regulators Link
- Shell RDSa.L has pulled out of a joint venture with British Airways and Velocys to build a flagship sustainable jet fuels plant in the UK. Link
- J D Wetherspoon Plc JDW.L is hoping to raise almost £100m for its war chest, as it aims to buy new sites and support a business battered by lockdowns. Link
- HSBC Holdings Plc HSBA.L has announced plans to close another 82 UK branches. Link
- Administrators for Sir Philip Green's Arcadia empire are to close down its Outfit operation by the end of the month, with the loss of more than 700 jobs. Link
- United States casino operator MGM Resorts International MGM.N has announced that it will not increase its spurned 8.1 billion pound ($11.05 billion) offer for Ladbrokes owner Entain Plc ENT.L . Link
($1 = 0.7330 pounds) (Compiled by Bengaluru newsroom)
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.