British Business - Jan 21



Jan 21 (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

British fund manager Terry Smith has launched a fresh attack on Unilever Plc's ULVR.L management, describing its rebuffed 50 billion pounds ($68 billion) approach for GlaxoSmithKline Plc's GSK.L consumer business as a "near-death experience" and comparing its engagement with shareholders to "a dentist pulling a back tooth". Link

Bankers and accountants are among those being summoned back to their offices after the government scrapped its work-from-home guidance in England with immediate effect. Link

The Guardian

The UK government has rejected plans from a leading Tory donor to build a controversial 1.2 billion pounds ($1.63 billion) electricity and internet cable running from the UK to France. Link

Serbian authorities have abandoned plans to build a controversial lithium mine, the prime minister has announced, after weeks of protests against the project that was to have been built by Rio Tinto Plc RIO.L . Link

The Telegraph

Millions of households in UK are facing a steep increase to their broadband and phone line costs in a "tax on working from home" after BT Group PLC BT.L kicked off a wave of price rises. Link

UK Levelling Up Secretary Michael Gove has threatened to block major housing developers from securing planning permission if they fail to come up with a 4 billion pounds ($5.44 billion) compensation scheme for victims of the cladding crisis. Link

Sky News

Fashion retailer Primark has revealed plans to cut hundreds of jobs in a shake-up of store management - as it pledged not to raise prices. Link

Singapore's state investment fund, Government Investment Corporation (GIC), is jointly leading a roughly 147 million pounds ($200 million) fundraising for fast grocery delivery service Zapp. Link

The Independent

Emma Pinchbeck, chief executive of trade body Energy UK, said energy bills could almost double by October if the price cap rises sharply for a second time, adding to a 50% jump in April. Link

($1 = 0.7353 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.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.