PRESS DIGEST-British Business - Dec 9

December 09, 2022 12:16 AM GMT | By Reuters
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Dec 9 (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

- Britain's Labour Party has said it would revisit the pay deal handed to NHS staff, insisting that the government should be "willing to talk" about a higher offer.

- Broker firm Numis Corporation PLC has cut staff bonuses and sounded a warning to the wider investment banking industry after a slump in dealmaking sent its annual profits tumbling.

The Guardian

- British finance minister Jeremy Hunt is due to unveil a 30-point package of City policy changes on Friday that will involve rowing back on regulations in order to boost competition and growth.

- A "permanent" strike at the factory that makes Jacob's Cream Crackers and Twiglets has come to an end after biscuit bosses crumbled and upped a pay deal for workers.

The Telegraph

- Britain's National Grid is on standby to alert households to cut their electricity usage in the coming days amid a looming supply squeeze.

- Meta Platforms Inc is abandoning part of its new European headquarters in Dublin as the Facebook owner reels from the impact of 11,000 redundancies.

Sky News

- John Laing's CEO Ben Loomes has resigned little more than a year after it was taken private in a 2 billion pound ($2.45 billion) deal.

- Power supplier Aggreko is planning a 110 million pound ($134.54 million) offer for specialist equipment provider Crestchic PLC. ($1 = 0.8176 pounds) (Compiled by Bengaluru newsroom)


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