British Business - July 26
July 26 (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
- Anglo American AAL.L took a $1.6 billion writedown at its Woodsmith mine fertiliser project in Britain.
- Britain’s accounting watchdog, the Financial Reporting Council, issued financial sanctions totalling 48.2 million pounds ($61.98 million) in the year to the end of March, surpassing the previous record of 46.5 million pounds ($59.79 million) set in the 2021-22 financial year.
The Guardian
- Financial technology firm Revolut has secured a UK banking licence – with “restrictions” – more than three years after Britain’s most valuable fintech firm lodged its application with regulators.
- UK's Unilever ULVR.L, the owner of Marmite, Dove and Ben & Jerry’s, has defended price rises continuing despite a better-than-expected 17% increase in profits.
The Telegraph
- Apollo APO.N announced a 2.70 billion pounds ($3.47 billion) deal to buy the British parcel company Evri.
- Stellantis STLAM.MI is considering putting Italian carmaker Maserati up for sale after shipments halved, triggering a 349 million euros ($378.80 million) writedown on the brand.
Sky News
- AstraZeneca's AZN.L CEO Pascal Soriot has criticised a public health body for refusing to make one of its breast cancer treatments available to NHS patients in England and Wales.
- Cinema operator Cineworld will this week unveil a sweeping overhaul that will cost hundreds of jobs and reduce its British footprint by at least a quarter.
The Independent
- UK's Rightwing Tory MP Suella Braverman is struggling to get the 10 MPs needed to put her on the ballot paper to become the next Conservative leader as rightwing Brexiteers look at Robert Jenrick as an alternative candidate.
($1 = 0.7777 pounds)
($1 = 0.9213 euros)
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
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.