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PRESS DIGEST-British Business - Aug 13

·1 min read

Aug 13 (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

Marks and Spencer Group Plc is creating 360 jobs with the opening of a new food distribution centre as part of its efforts to improve the availability of its most popular products in shops. https://bit.ly/30OLC4q

The housing market in the UK is facing a period of boom followed by bust, according to estate agents surveyed by the Royal Institution of Chartered Surveyors. https://bit.ly/3gSJb6t

The Guardian

British footwear firm Dr Martens has repaid its furlough cash to the government as a result of strong trading during the lockdown. https://bit.ly/2PKuMxj

UK Prime Minister Boris Johnson is set to sign off new rules barring the government's chief foreign lender, UK Export Finance from offering financial support to foreign fossil fuel projects. https://bit.ly/30Oqlrx

The Telegraph

UK's NatWest Group Plc is cutting up to 550 jobs in bank branches and will close a major London office as it grapples to adapt to the post-coronavirus world. https://bit.ly/3izx6mV

Britain's economy collapsed by 20.4% in the second quarter of 2020, the worst three-month fall ever recorded according to the Office for National Statistics (ONS), as almost every industry was crushed by the response to the pandemic. https://bit.ly/2Fko4Ms

Sky News

Just Eat Takeaway.com NV Chief Executive Jitse Groen said that the firm will invest millions of pounds as it reported a 44% surge in revenue. https://bit.ly/2FncqAB

(Compiled by Bengaluru newsroom)