British Business - May 24



May 24 (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

The chief executive of Klarna, the Swedish buy-now-pay-later company, has told staff that 10% of them would lose their jobs as consumer confidence falls and amid scrutiny of its business model. Link

The Guardian

London Underground station staff will stage a 24-hour strike on Monday, June 6, the day after the platinum jubilee holiday weekend, in an ongoing dispute over job cuts that could presage nationwide rail strikes later next month. Link

ScotRail will open talks with the rail union Aslef on Tuesday to resolve a pay dispute that has led to the train operator axing more than 1,000 services from its timetable. Link

The Telegraph

First Minister of Scotland Nicola Sturgeon has been accused of "manufacturing" cuts to 700 train services a day amid a row with unions that risks bringing Scotland to a halt. Link

HSBC Holdings PLC HSBA.L has reportedly suspended a senior executive ahead of an internal investigation into a presentation he made that accused central bankers of overstating the financial risks of climate change. Link

Sky News

The governor of the Bank of England Andrew Bailey said he "rejected" the argument made by a predecessor, in an interview with Sky News, that the Bank of England and other central banks shared responsibility for the cost of living crisis. Link

Guy Hands' Terra Firma Capital Partners is among the handful of bidders competing to buy Butlin's from Bourne Leisure. Link

The Independent

UK PM Boris Johnson told MPs that there was no lockdown party at Downing Street – a claim since discredited by the emergence of new photos showing him drinking at a gathering. Link (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.