British Business - Sept 23



Sept 23 (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 asset management business of HSBC Holdings Plc HSBA.L has set out plans to cut investments in thermal coal, months after one of its former top executives caused a furore with his comments about climate change. Link

British drugmaker GSK GSK.L has taken a stake in Nasdaq-listed biotech company Spero Therapeutics SPRO.O as part of a licensing deal, worth up to $525 million, for an experimental antibiotic for complicated urinary tract infections. Link

The Guardian

Britain's Companies House will be given new powers to challenge incorrect or fraudulent claims in an economic crime bill as part of a crackdown on "dirty money". Link

Britain's Royal Mail Plc's RMG.L row with employees over pay and conditions has escalated, with the company saying it is prepared to tear up elements of its nine-year deal with workers to push through a modernisation programme. Link

The Telegraph

The Bank of England has confirmed Britain is in recession as it raised interest rates by 0.5 percentage points. Link

Around 40,000 members of rail union RMT at Network Rail and 15 train operators will walk out on October 8. Link

Sky News

British supermarket chain Morrisons' chief operating officer Trevor Strain is close to finalising his departure. Link

British finance minister Kwasi Kwarteng has announced that April's National Insurance hike is to be reversed from Nov. 6. Link

The Independent

More than 100,000 people in part-time work could face a benefit cut if they fail to properly look to do more hours, British finance minister Kwasi Kwarteng is set to announce in his mini-budget on Friday. Link (Compiled by Bengaluru newsroom)

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