British Business - Aug. 26
Aug 26 (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
- The British Financial Conduct Authority has warned unregulated firms that they cannot help to arrange investment deals for private companies without regulatory permissions.
- AstraZeneca Plc AZN.L, Unilever Plc ULVR.L and GSK Plc GSK.L are among large companies that have renewed membership of the CBI, 16 months after the organisation was shaken by claims of sexual misconduct by staff.
The Guardian
- Senior cabinet minister Pat McFadden has warned of more economic pain to come as the government prepares to restrict public spending in ways MPs and campaigners say could exacerbate the cost of living crisis.
- The business and trade secretary, Jonathan Reynolds, has signalled a new twin-track approach to UK trade policy, in which the Labour government will pursue closer ties with the European Union while at the same time seeking new global partnerships further afield.
The Telegraph
- Marks & Spencer is considering opening a range of clothing-only boutiques as soaring demand for its lingerie and cashmere jumpers help reverse years of decline in its fashion sales.
Sky News
- Dove soap maker Unilever Plc ULVR.L is trying to slim its portfolio of personal care brands by putting two of them up for sale.
- Telegram said its Chief Executive Pavel Durov has "nothing to hide" after he was arrested in France, adding the charges against him are "absurd".
The Independent
- UK Prime Minister Keir Starmer will warn the public that things will get worse before they get better in his first keynote speech since walking into Downing Street.
(Compiled by Bengaluru newsroom)
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