British Business - Sept. 1



Sept 1 (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 microchip designer Arm has sued Qualcomm Inc QCOM.O accusing it of breach of licence agreements and trademark infringement. Link

- Natwest Group PLC NWG.L is refunding the fees it incorrectly charged hundreds of its business customers by forcing them to open fee-paying bank accounts to take out loans. Link

The Guardian

- Britain's train drivers' union ASLEF said that drivers from 12 firms will go on a day long strike next month over pay and conditions on the railway. Link

- British retailer John Lewis Plc

said that it will offer free food to all its workers, including temporary staff, during its peak Christmas trading period to help fight the cost of living. Link

The Telegraph

- JPMorgan Chase & Co's JPM.N Frankfurt offices have been raided by German prosecutors amidst an ongoing investigation into tax evasion by world's biggest banks. Link

- British leadership frontrunner Liz Truss is considering an extension of business rates relief to protect corporate Britain from the rising energy prices. Link

Sky News

- Craft beer firm BrewDog has announced it will shutter six of its pubs due to spiralling costs. Link

- The Co-Operative Group 42TE.L said it had agreed to sell its petrol forecourt estate, comprising 129 sites, to supermarket rival Asda for 600 million pounds ($695.10 million). Link

The Independent

- Ryanair Holding Plc's RYA.I CEO Michael O'Leary has vowed that his airline will not fly to or from London Heathrow within his lifetime. Link

- Meta Platforms Inc META.O owned Instagram will now let users say they are not interested in specific posts as it pushes ahead its idea of algorithm determined feeds. Link

($1 = 0.8632 pounds) (Compiled by Bengaluru newsroom)

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