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PRESS DIGEST-British Business - Oct 21

·2 min read

Oct 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

The senior directors of Boohoo Group PLC have been buying shares in the troubled fast-fashion group less than a day after confirming that PWC was standing down as its auditor, news that had sent its shares plunging 20%. https://bit.ly/3m4dARp

BDO resigned as auditor of the budget chain, Poundstretcher, after reviewing its client portfolio and assessing the "commercial risk and reward associated with the audit of the company", a letter filed to Companies House this month shows. https://bit.ly/35fr6e8

The Guardian

Waitrose and the Co-op are cutting prices on hundreds of essential goods this week as supermarkets prepare to battle it out for customers ahead of a budget Christmas season. https://bit.ly/37qplh5

Royal Mail postal workers will for the first time collect parcels on the doorstep, in one of the biggest changes to the service as it adapts to the decline in letters and rapid growth in online shopping. https://bit.ly/2TpFLhz

The Telegraph

On a 20-minute conference call with trade bodies and bosses from 250 leading companies, Cabinet Minister Michael Gove and UK Prime Minister Boris Johnson warned UK firms to prepare for a possible no-deal end to talks with the European Union. https://bit.ly/3dIVhyd

Firms including the Michelin-starred Galvin La Chapelle, The Wolseley and steakhouse chains Gaucho and M Restaurants have said they will accept business reservations with immediate effect due to an exemption written into the Government's guidelines. https://bit.ly/3dI8Wp8

Sky News

Liverpool and Manchester United are in talks about a bombshell plot involving Europe's biggest football clubs to join a new FIFA-backed tournament of what could become known as the European Premier League and that financiers are assembling a $6 billion funding package to assist the creation. https://bit.ly/2HlOnTH

The UK's unemployment rate could overtake the Bank of England's (BoE) predicted peak of 7.5% as the pandemic continues, one if its policymakers, Gertjan Vlieghe has warned. https://bit.ly/31qGfbj

The Independent

The government has "taken their foot off the pedal" on tackling the gender pay gap despite the disparity in wages taken home by men and women increasing, Stella Creasy, a Labour MP has warned. https://bit.ly/3dVDjsB

(Compiled by Bengaluru newsroom)