PRESS DIGEST-British Business - Sept 8
Sept 8 (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
- House prices are falling at their fastest rate since the financial crisis and have hit their lowest level in real terms since 2016 as high interest rates subdue the property market, according to the latest index from Halifax.
- British American Tobacco, the maker of Lucky Strike and Dunhill cigarettes, has agreed to sell its Russian and Belarusian business to a consortium led by members of its Russian management team.
The Guardian
- Britain's largest electric vehicle charging hub has opened at Birmingham's NEC conference centre with the power to charge up to 180 vehicles at a time in as little as 15 minutes.
- Workers at a British weapons plant that supplies missiles to Ukraine are to stage a two-week strike after accusing the Ministry of Defence of breaking a pledge to hold meaningful pay talks.
The Telegraph
- Aldi said on Thursday it is planning to have 1,500 shops across the UK, in an expansion plan that targets London and Home Counties shoppers.
- Smurfit Kappa, the Irish paper and packaging producer, is in discussions to merge with U.S. rival WestRock , which will result in the company cancelling its premium London listing if a deal is agreed.
Sky News
- Britain's CBI, the embattled employers' lobbying group, is in talks with Make UK, the manufacturers' body, about forging a closer alliance in areas such as industrial strategy policy.
- Ken Hanna, the chairman of Wagamama owner Restaurant Group will step down after months of pressure from activist investors.
(Compiled by Bengaluru newsroom)
