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PRESS DIGEST-British Business - Aug. 25

·2 min read

Aug 25 (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

- With tens of thousands of jobs under imminent threat on the high street, in pubs, restaurants, hotels and the travel industries as a result of stay-at-home Britain, the boom in doorstep grocery deliveries means that Tesco plc is to create 16,000 permanent jobs. https://bit.ly/2CUmYWM

- Lloyds Banking Group is facing fresh embarrassment over the HBOS Reading scandal as victims' representatives warned its second attempt at compensating them risked failing them yet again. https://bit.ly/32pmhNM

The Guardian

- Zoom Video Communications Inc, the video-conferencing app that has proved popular with people working from home during the coronavirus pandemic, suffered a partial failure that left thousands of people in the U.S., UK and across the world unable to connect to work meetings or classes. https://bit.ly/3hrbxop

- The owner of Topshop and Topman has been accused of potential breaching employment law by offering staff being made redundant less favourable terms for their notice periods, linked to the government's furlough scheme. https://bit.ly/3glqE1u

The Telegraph

- The future of embattled gold mining group Petropavlovsk plc was once again thrown in to doubt on Monday when auditor PwC firmly rejected the chance to work with the company following a major boardroom coup this summer. https://bit.ly/34tAOL7

- The founder of Amigo has quashed speculation that he could launch a competitor to take on the troubled high-interest lender if he fails to secure a third spell on its board. https://bit.ly/31nIr3P

Sky News

- Mike Ashley's Frasers Group plc has bought some assets of DW Sports out of administration in a 37 million pounds ($48.31 million) deal, saving 922 jobs. https://bit.ly/3ljxg4m

- Shares in BT Group plc have jumped after Sky News revealed that the telecoms giant's board was preparing to defend it against a potential 15 billion pound takeover bid. https://bit.ly/3aSFrzD

The Independent

- John Lewis is planning to scrap its "never knowingly undersold" promise after nearly a century, its new boss has said, amid a radical overhaul of the business. https://bit.ly/3ln9hkP

- Pub group J D Wetherspoon plc has warned its business will be pushed into an annual loss due to the coronavirus pandemic, and predicted that the boost provided by the government's eat out to help out scheme will dwindle when it ends on Aug. 31. https://bit.ly/3aU5Yg7

($1 = 0.7658 pounds) (Compiled by Bengaluru newsroom)