PRESS DIGEST- British Business - Jan 23

By Kitco News / January 22, 2018 / www.kitco.com / Article Link

Jan 23 (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

- Bankers are scrambling to attract an $18 billion telecoms flotation to London amid hopes that the deal could generate a bonanza in advisory fees. - The engineering group GKN Plc sought to bolster its defences against a hostile assault by Melrose Industries yesterday by highlighting the growing value of its automotive business on the back of record orders for its electric car technology. The Guardian

- Business leaders are privately pushing for a new campaign to reverse Brexit as concerns mount about the viability of government plans to prevent a collapse in exports to Europe. - The head of the UK's National Cyber Security Centre has warned that a major cyber-attack on the UK is a matter of "when, not if", raising the prospect of devastating disruption to British elections and critical infrastructure. The Telegraph

- A major new trade body representing the UK's 130 billion pounds ($181.77 billion) hospitality sector is being proposed in a bid to get the sector's voice better heard by Government. - In the London headquarters of high street bank Lloyds a barrier is being built to physically separate two groups of workers. Sky News

- Tesco Plc has announced plans to "simplify" its operational structures - placing 1,700 roles at risk as it looks to make further savings in the business. - Jaguar Land Rover has announced its intention to trim Range Rover Evoque and Discovery Sport production, citing challenges facing the auto industry, including Brexit. The Independent

- The UK has already "agreed in principle" to a Norway-style Brexit transition period in which it accepts all EU rules with no power to shape them, a senior figure in Brussels has told The Independent. - Labour has unveiled tougher rules to strip outsourced contracts from "rogue suppliers" following the Carillion Plc scandal, if Jeremy Corbyn wins power. ($1 = 0.7152 pounds)


(Compiled by Bengaluru newsroom; Editing by Peter Cooney)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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