British Business - Aug 28
Aug 28 (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
- Delaware's highest court will hear an appeal by GSK GSK.L and rival drugmakers seeking to end more than 70,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer.
- Stephen Lansdown, the co-founder of Hargreaves Lansdown HRGV.L, has described the 5.4 billion pound ($7.16 billion)agreed bid price from a consortium of private equity groups for the company as "questionable" and "not the greatest deal in the world."
The Guardian
- More than 40 green groups have called on British Energy Secretary Ed Miliband to scrap plans to pay billions in subsidies to the Drax power plant in North Yorkshire for it to keep burning wood pellets imported from overseas forests.
- Vapes should only be sold from "behind the counter", like cigarettes, and not be on display in shops, according to the British Medical Association.
The Telegraph
- Thousands of female shop workers at Next NXT.L have won a six-year legal battle over equal pay in a decision which could cost the retailer more than 30 million pounds ($39.76 million).
- Middle-class families in Britain are preparing for a capital gains tax raid after British Prime Minister Keir Starmer warned of a "painful" Autumn Budget.
Sky News
- Authentic, the owner of fashion chain Ted Baker, has struck a deal with United Legwear and Apparel Co (ULAC) to operate an e-commerce presence for the brand in Britain and Europe.
- Luxury group Burberry BRBY.L and budget airline easyJet EZJ.L are on course to be relegated from the FTSE 100 next month following the latest quarterly review of the index's constituents.
($1 = 0.7545 pounds)
(Compiled by Bengaluru newsroom)
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