PRESS DIGEST-British Business - June 24
StubHub Holdings Incorporation Class A STUB | 0.00 |
June 24 (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
- Dutch brewer Heineken HEIO.AS has chosen Rafael Oliveira as its next boss. Oliveria is the chief executive of JDE Peet's, the Dutch coffee and tea maker, and will join in October.
- Britain's chancellor Rachel Reeves has nominated Jonathan Haskel, an economics professor at Imperial College London, to be chairman of the Office for Budget Responsibility (OBR).
The Guardian
- Ads for Calvin Klein, Adidas ADSGn.DE and Uniqlo promoting "recycled" clothing and shoes have been banned by the UK watchdog after the advertisers were unable to prove their green claims.
- The online ticket reseller StubHub STUB.N UK has been fined almost £900,000 ($1.19 million) and ordered to make payments to more than 50,000 fans for not showing the full price of tickets at the time of booking, an illegal practice known as "drip pricing".
The Telegraph
- BBC News is to target international viewers as it seeks to make more money from its TV channel overseas. Jonathan Munro, the interim chief executive of BBC News, said the broadcaster would prioritise international audiences.
Sky News
- The commercial property giant British Land has dropped its opposition to a rescue deal aimed at averting the collapse of TG Jones, one of the UK's biggest high street retailers, following a string of last-minute concessions.
The Independent
- British pawnbroker Ramsdens has agreed to a £206 million ($271.78 million) takeover by its U.S. rival, FirstCash. Shareholders are set to receive up to 609 pence per share ($0.8035), an offer representing a 35 per cent premium on its latest closing price.
($1 = 0.7580 pounds)
