PRESS DIGEST-British Business - July 29
July 29 (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
- Tata Motors Ltd has appointed the former boss of Renault, Thierry Bolloré, 57, as the new chief executive of its British subsidiary Jaguar Land Rover. https://bit.ly/3hPf2Ff
- Transferwise has consolidated its status as one of Britain's biggest private technology start-ups with a $5 billion valuation. https://bit.ly/39C0J43
The Guardian
- Selfridges is to cut 450 jobs across its department stores, in the latest blow to UK high-street retailers hit hard by the coronavirus pandemic. https://bit.ly/39DkAQ1
- Britain's energy market regulator Ofgem has vowed to crack down on "unscrupulous" brokers that have overcharged charities, community sports clubs, and care homes for their energy by hiding their inflated commission charges. https://bit.ly/3jM7e8R
The Telegraph
- Nikki Humphrey has been appointed as the new HR boss of British department chain John Lewis as fears grow over a wave of job cuts. https://bit.ly/3g7s0xG
- Greggs' Chief Executive Officer Roger Whiteside has warned the UK baker could be forced to cut jobs after the end of the taxpayer-funded furlough scheme unless there is a sharp recovery in customer demand. https://bit.ly/2X4Cq9L
Sky News
- British Airways (BA) has been warned by the trade union representing cabin crew that it faces the prospect of strikes as the deadline for tens of thousands of staff to accept new pay deals looms large. https://bit.ly/39DzOVa
- Holidaymakers in Spain have been given hope after the UK government revealed it is considering setting up regional travel corridors to let those travelling from low-risk areas escape quarantine. https://bit.ly/3hNyKRs
The Independent
- Britain's Financial Conduct Authority has promised that car buyers could save around 165 million pounds ($213.30 million) a year after it said it would ban commission to sellers from financiers. https://bit.ly/2X33tSY
($1 = 0.7736 pounds) (Compiled by Bengaluru newsroom)
