PRESS DIGEST- British Business - June 9

By Kitco News / June 08, 2017 / www.kitco.com / Article Link

June 9 - 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 European Central Bank has ruled out further interest rate cuts in a first small step towards normalising monetary policy as the euro zone rapidly gathers momentum. BT Group Plc has fired PricewaterhouseCoopers (PWC) as its auditor after the firm failed to spot a fraud at its Italian business, which is thought to have continued for up to 10 years. The Guardian

Mahmud Kamani the co-founder of Boohoo.com Plc , has cashed in on the fast-growing popularity of the online fashion group by selling more than 80 million pounds ($101.70 million) in shares. The celebrity chef Gordon Ramsay has drafted in a specialist team of Brexit negotiators to tackle rising food costs at his restaurant empire as the cost of imported ingredients spiral because of weak sterling. The Telegraph

The European Union wants to give police new powers to obtain information from internet companies including Facebook Inc and Alphabet Inc's Google as part of new measures to fight terrorism. Marks and Spencer Group Plc boss Steve Rowe received a smaller pay packet for his first year at the helm of the high street retailer than his predecessor Marc Bolland, the firm's annual report has revealed. Sky News

Qatar's Al Faisal Holding and Interritus Limited of Switzerland are in talks about a takeover of the struggling Co-op Bank . The exit poll team says there is a "serious risk" that Theresa May will lose her overall majority - although this is "far from certain." The Independent

The Liberal Democrats will make "no pact, no deal, no coalition" with either Labour or the Conservatives in the event of a hung parliament, the former leader of the Liberal Democrats has said. ($1 = 0.7866 pounds)


(Compiled by Bengaluru newsroom)

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 precious metal products, 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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