PRESS DIGEST-British Business - June 8
NEBIUS NBIS | 0.00 | |
GXO Logistics GXO | 0.00 |
June 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
- Hybrid Air Vehicles, a government-backed aerospace business, has been delayed in securing the 310 million pound ($413.23 million) it needs to reach commercial production despite securing more than 1.6 billion pound worth of orders.
The Guardian
- The cost of travel to and around the UK is keeping millions of tourists away and slowing economic growth, British Airways Chief Executive Sean Doyle said, as he urged a rethink of aviation taxes.
- The EU and UK car industries are urging the European Commission to adjust the Brexit trade deal and suspend, for a second time, tariffs on imports of electric vehicles.
The Telegraph
- Arkady Volozh, the billionaire co-founder of Russia's former tech champion Yandex, plans to invest nearly 2 billion pound in Britain to expand artificial intelligence infrastructure, including three new data centres, through his U.S.-listed company Nebius NBIS.O, he said.
Sky News
- Terra Firma Capital Partners, the private equity firm founded by financier Guy Hands, is preparing a bid worth about 300 million pound for a portfolio of roughly 300 pubs being sold by operator Stonegate Group.
The Independent
- Strike action by GXO Logistics' GXO.N support workers on Scotland's River Clyde risks further delaying construction of Royal Navy warships, unions warned, after staff rejected a three-year pay offer.
($1 = 0.7502 pounds)
