PRESS DIGEST-British Business - May 31
Richtech Robotics RR | 0.72 | -0.69% |
Virgin Galactic SPCE | 7.27 | -5.71% |
BHP Billiton Limited Sponsored ADR BHP | 56.32 | -1.40% |
Doximity, Inc. DOCS | 41.95 | -3.56% |
American Airlines Group, Inc. AAL | 12.97 | -0.92% |
May 31 (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
- UK politicians are calling on Anglo American AAL.L to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP Group BHP.AX.
- Sir Richard Branson's Virgin Galactic SPCE.N space tourism company is at risk of losing its US listing after a lacklustre stock market performance.
The Guardian
- British Finance Minister Jeremy Hunt has confirmed the six-year income tax threshold freeze, which drags millions into paying higher rates, will last until 2028.
- Dr Martens DOCS.L has not ruled out job cuts after revealing plans to slash up to 25 million pounds($31.82 million) worth of costs to help counter weak US sales.
The Telegraph
- Burberry BRBY.L has cut its chief executive’s bonus to zero following a torrid year for the luxury brand in which profits plunged by 40%.
- Rolls-Royce RR.L has secured a multimillion-pound contract to supply engines for a new class of Japanese warship.
Sky News
- Red Bull has made its first foray into English football by buying a minority stake in Leeds United.
The Independent
- Mark Logan, who represented Bolton North East for the Tories until Parliament’s dissolution on Thursday, said he is endorsing Labour at the upcoming general election in a fresh blow for British Prime Minister Rishi Sunak.
($1 = 0.7858 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
