PRESS DIGEST- British Business - Aug 2
Aug 2 (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 prime minister Boris Johnson will nominate a British candidate, expected to be George Osborne, in the race to find a European to run the International Monetary Fund. http://bit.ly/33fUpLY
- British supermarket retailer Asda Group Ltd will appeal against a court ruling that could result in supermarkets facing an 8 billion pound ($9.71 billion) wage bill in a long-running dispute over equal pay. http://bit.ly/336cHPC
The Guardian
- The German utility company RWE AG will close its last UK coal plant, the Aberthaw B power station in south Wales, by the end of March 2020 leaving only four remaining coal plants powering British homes. http://bit.ly/2KhTylf
The Telegraph
- Barclays Plc has cut 3,000 jobs and is plotting further cost cuts despite giving its best performance in almost a decade. http://bit.ly/339zlXx
- Mike Carney, Governor of the Bank of England, said a no-deal Brexit would bring an "instantaneous shock" to the British economy and could sink the pound to a 34-year low. http://bit.ly/338Ij7o
Sky News
- Malvern Group, owner of the Laterooms.com accommodation booking site, has gone into administration after it was unable to secure funding or find a buyer. http://bit.ly/339v3zp
- Goals Soccer Centres faces being delisted from the London stock exchange within weeks after discovering that the accounting crisis which caused its shares to be suspended in March dates back a decade. http://bit.ly/2KhRMR7
The Independent
- BMW Ag's Chief Executive Officer Harald Krueger has urged Boris Johnson to "listen to the people" and avoid a no-deal Brexit that would be disastrous for the UK car industry. http://bit.ly/2KwtgMj
($1 = 0.8238 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)
