PRESS DIGEST-British Business - Jan 21
Jan 21 (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
British fund manager Terry Smith has launched a fresh attack on Unilever Plc's management, describing its rebuffed 50 billion pounds ($68 billion) approach for GlaxoSmithKline Plc's consumer business as a "near-death experience" and comparing its engagement with shareholders to "a dentist pulling a back tooth". https://bit.ly/34XJMm7
Bankers and accountants are among those being summoned back to their offices after the government scrapped its work-from-home guidance in England with immediate effect. https://bit.ly/3IirCtI
The Guardian
The UK government has rejected plans from a leading Tory donor to build a controversial 1.2 billion pounds ($1.63 billion) electricity and internet cable running from the UK to France. https://bit.ly/3nJjxql
Serbian authorities have abandoned plans to build a controversial lithium mine, the prime minister has announced, after weeks of protests against the project that was to have been built by Rio Tinto Plc. https://bit.ly/3GQeY4P
The Telegraph
Millions of households in UK are facing a steep increase to their broadband and phone line costs in a "tax on working from home" after BT Group PLC kicked off a wave of price rises. https://bit.ly/3rEjzAK
UK Levelling Up Secretary Michael Gove has threatened to block major housing developers from securing planning permission if they fail to come up with a 4 billion pounds ($5.44 billion) compensation scheme for victims of the cladding crisis. https://bit.ly/3nM44We
Sky News
Fashion retailer Primark has revealed plans to cut hundreds of jobs in a shake-up of store management - as it pledged not to raise prices. https://bit.ly/33A2UpW
Singapore's state investment fund, Government Investment Corporation (GIC), is jointly leading a roughly 147 million pounds ($200 million) fundraising for fast grocery delivery service Zapp. https://bit.ly/3H09hBi
The Independent
Emma Pinchbeck, chief executive of trade body Energy UK, said energy bills could almost double by October if the price cap rises sharply for a second time, adding to a 50% jump in April. https://bit.ly/3fIXuM4
($1 = 0.7353 pounds) (Compiled by Bengaluru newsroom)
