British Business - July 7



July 6 (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

- GSK GSK.L shareholders have overwhelmingly voted in support of plans to break up the drugs group through the demerger and listing of Haleon, its consumer healthcare business, later this month. Link

- Amazon.com Inc AMZN.O has secured the right to buy a 2% stake in Just Eat Takeaway.com's TKWY.AS Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Link

The Guardian

- The Ukrainian president, Volodymyr Zelenskiy, has called on the world's largest independent oil trader to stop shipping Russian oil, accusing it of "brazen profiteering from blood oil". Link

- The European parliament has backed plans to label gas and nuclear energy as "green", rejecting appeals from prominent Ukrainians and climate activists that the proposals are a gift to Vladimir Putin. Link

The Telegraph

- Emmanuel Macron is to fully nationalise France's debt-laden nuclear power giant EDF EDF.PA as it scrambles to shore up energy supplies in the wake of Russia's invasion of Ukraine. Link

- HSBC HSBA.L is closing in on a deal to sell its Russian business to the banking tycoon Igor Kim following pressure from MPs to withdraw and fully condemn Vladimir Putin's war in Ukraine. Link

Sky News

- British Airways has announced it will cut a further 10,300 short-haul flights until the end of October. Link

- Chancellor Nadhim Zahawi has said there is "nothing off the table" on tax cuts as he called for caution on public sector pay rises. Link

The Independent

- Nadhim Zahawi has denied he threatened to resign from Boris Johnson's cabinet amid a tussle for the role as chancellor and also hinted a planned rise in corporation tax may be axed. Link

- The government should not pretend a new Brexit trade deal with Australia will have "noticeable" benefits for consumers, a cross-party parliamentary committee has warned. Link

(Compiled by Bengaluru newsroom)

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