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PRESS DIGEST-British Business - July 22

·2 min read

July 22 (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

- Archie Norman, the former boss of Asda, is being given a highly unusual signing-on fee of 1.75 million pounds ($2.40 million) to join the board of buyout group Bridgepoint as the senior independent director. https://bit.ly/3eIdqOa

- Cleveland Bridge UK, the British structural engineer that helped build London's Shard skyscraper, Wembley Stadium's arch and the Sydney Harbour Bridge is reportedly on the brink of collapse. https://bit.ly/2VYKXx8

The Guardian

- Supermarkets are under 'increasing pressure' to keep shelves fully stocked, retail industry leaders have warned as the growing havoc wreaked by the 'pingdemic' continues to force thousands of workers to self-isolate. https://bit.ly/2UzFIDU

The Telegraph

- Royal Mail Plc is weighing plans to axe signed-for parcels under a sweeping review that could also signal the end of Saturday letter deliveries as its new boss fights back against Amazon.com Inc amid a slump in demand for letters. https://bit.ly/3kEH7DO

- More than 20 million pounds of taxpayer-backed technology projects are at risk after the government pulled funding from the Welsh microchip plant Newport Wafer Fab, Britain's biggest microchip facility, which was involved in four projects that had applied for public support, according to sources close to the company. https://bit.ly/3zlw1Yr

Sky News

- Asda has approached Liz Evans, the boss of Fat Face, about taking the helm at George, its clothing arm, as the supermarket chain's new owners orchestrate a leadership overhaul. Sky News has learnt that Evans is a leading candidate to become the next chief executive of George. https://bit.ly/3kHQFOd

- Marks and Spencer Group Plc chairman Archie Norman has warned of a political 'running sore of symbolic proportions' if UK chilled products are banned in Northern Ireland. Norman also said consumers in Northern Ireland faced higher prices and empty shelves as a result of the 'pointless and byzantine' way post-Brexit rules are being enforced. https://bit.ly/3zl2T3w

($1 = 0.7292 pounds) (Compiled by Bengaluru newsroom)