PRESS DIGEST-British Business - July 14
American Airlines Group Inc. AAL | 0.00 | |
SPI Energy Co Ltd SPI | 0.00 |
July 14 (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
Diamond producer De Beers plans to pause production at its Venetia mine in South Africa for two years, it said, as part of a broader push to streamline operations and cut costs to weather continued weakness in the rough diamond trade.
AkzoNobel AKZO.AS has received multiple proposals from Nippon Paint 4612.T to buy its decorative paints business valuing the business at €7.5 billion ($8.54 billion), it said.
The Guardian
Volkswagen VOWG_p.DE may need to cut about 50,000 extra jobs to keep up with rivals in an increasingly fierce car market, its CEO told staff in an internal memo.
AGC Chemicals Europe is consulting with employees and their union representatives about plans to cease operations at its manufacturing plant in Lancashire.
The Telegraph
Tom Blomfield, the founder of online bank Monzo, has become the latest high-profile figure to join Anthropic.
Britain’s grid operator has launched an independent investigation into claims that staff covered up system failures that could have led to blackouts.
Sky News
Britain's Spire Healthcare SPI.L chair Ian Cheshire will step down in the coming months and could be replaced by one of the company's existing non-executive directors.
($1 = 0.8780 euros)
