British Business - Sept 13
Sept 13 (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
- British public debt is likely to soar to triple its current level over the next 50 years if future governments do not take action, due to pressures from an ageing population, climate change and geopolitical risks, the Office for Budget Responsibility said on Thursday.
- Grangemouth, Scotland's only oil refinery, is to close in 2025 with the loss of 400 jobs, operator Petroineos said on Thursday, as part of plans to turn the 100-year old plant into a fuels import terminal.
The Guardian
- A teenager has been arrested following a cyberattack on London's public transport body last week in which some personal customer data was accessed, the National Crime Agency (NCA) said on Thursday.
- Tesco TSCO.L was not entitled to terminate some employees' contracts and offer to rehire them on less favourable terms, the United Kingdom's Supreme Court ruled on Thursday.
The Telegraph
- Britain and the U.S. must give Ukraine the weapons it needs "to win" against Russia before a pivotal winter of fighting, the Foreign Secretary David Lammy has said.
Sky News
- British fintech company Revolut's CEO Nik Storonsky sold between 40% and 60% of the stock that was offloaded by employees in a secondary share sale which concluded last month.
- A bid for The Daily Telegraph spearheaded by the owner of The New York Sun has raised the possibility of a return to the British newspaper group for Conrad Black, its former proprietor.
(Compiled by Bengaluru newsroom)
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