PRESS DIGEST-British Business - April 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 28 (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


- Vodafone appointed its finance boss Margherita Della Valle as its new chief executive and vowed to begin a "necessary transformation" of the struggling telecoms group.


- Lloyds Banking Group told its staff who work partly from home that they must spend at least two days a week, or 40% of their working hours, in the office.


The Guardian


- UK's RMT union called a 24-hour rail strike on May, just hours after the train drivers' union Aslef announced three separate days of rail strikes in May and June, dashing hopes that the long-running dispute could be coming to an end.


- Climate protesters have disrupted BP's annual general meeting where the oil company faced a backlash from some shareholders over its decision to water down its climate commitments.


The Telegraph


- The Bank of England is considering plans to give customers immediate access to part of the uninsured deposits if a bank goes bust in a safeguard against chaos similar to that caused by the rapid collapse of Silicon Valley Bank (SVB).


- High taxes are making Britain "very unattractive" for business, warned Pascal Soriot, chief executive of AstraZeneca , as he said that China was likely to shape the medicines of the future.


Sky News


- Switzerland-based private equity investor Partners Group is in talks to buy a controlling stake in Azets, one of the UK's fast-growing accountancy firm.


- Oliver Dowden, UK's new deputy prime minister, will this week seek to clarify Britain's new foreign investment regime after complaints about its opacity. (Compiled by Bengaluru newsroom)

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