The Times
- The Bank of England raised interest rates by a quarter of
a percentage point to 4.25%, its highest level since November
2008, in the latest increase as the central bank races to tame
inflation that has stayed in double digits.
- Accenture announced plans to cut 19,000 jobs, about
2.5% of the IT services firm's global workforce, as corporate
clients grow evermore cautious amid heightened economic fears.
The Guardian
- British energy regulator Ofgem is preparing to crack down on UK power firms to prevent them from "manipulating" the market with a manoeuvre that has bolstered their profits by millions of pounds.
The Telegraph
- Labour's deputy leader Angela Rayner criticised British Prime Minister Rishi Sunak for paying lower rate amid suggestions her party is planning a large increase in capital gains levy Sky News
- British billionaire Jim Ratcliffe and his chemicals firm INEOS have submitted a revised bid for Manchester United .
- The British arm of Silicon Valley Bank has seen hundreds of millions of pounds of deposit inflows in the wake of its 1 pound ($1.23) rescue takeover by HSBC Holdings .
The Independent
- The UK competition watchdog has fined 10 construction firms a total of almost 60 million pounds ($73.67 million)for "illegally colluding" to rig bids for contracts. ($1 = 0.8145 pounds) (Compiled by Bengaluru newsroom)
