PRESS DIGEST- British Business – July 22

The following are the leading stories on the
company pages of British papers. Reuters has not confirmed
these stories and does not attest their accuracy. The Times Hinkley could get green light next week EDF has moved an action closer to approving its
18 billion pound ($ 23.83 billion) job to develop a new nuclear
power station at Hinkley Point by calling a board meeting to
think about a final financial investment decision. Business directors will
fulfill next Thursday to make a final judgment on whether to
continue with their strategies to develop two nuclear reactors in
Somerset. The station would generate 7 percent of all
electricity in Britain. (bit.ly/ 2a0kjqT) The Guardian Hundreds of tasks at threat as 30 more BHS shops prepare to
close Administrators to BHS are to close about 30 further shops
at the end of July, taking the overall closures to more than 50.
Unions said that more than 700 staff were most likely to be impacted
by the most current closures and a lot of would probably be made
redundant. Administrators are expected to redeploy some
staff members, but the closures suggest that hopes of discovering a.
buyer are fading. (bit.ly/ 29Xsaeb).

ECB to keep track of Brexit effect before making stimulus decision The European Reserve bank has actually embraced a wait-and-see.
approach to the UK’s Brexit decision and will await at least.
another six weeks prior to deciding whether it needs to enhance.
development in the eurozone. The ECB president, Mario Draghi, stated.
his staff would “continue to monitor economic and monetary.
market advancements very carefully,” but offered no ideas as to exactly what.
the bank might do. (bit.ly/ 2afb8Ij) The Telegraph MasterCard to get payments processor VocaLink in 700 mln.
stg offer.

MasterCard Inc has consented to buy UK-based VocaLink,.
gifting a windfall to a variety of British banks that jointly own.
the payment processing company. MasterCard will get 92.4.
percent of VocaLink Holdings for approximately 700 million.
pounds ($ 926.59 million). London-based VocaLink provides payment.
technology platforms and is accountable for real-time quick.
payments used in web and telephone banking, in addition to.
communications in Automated Teller Machine. (bit.ly/ 29YP16e) HSBC trader at centre of scams probe sat on Bank of England.
forex panel The former HSBC currency trader at the heart of a U.S. scams.
investigation spent more than 2 years on a panel that advised.
the Bank of England, it has emerged, as the U.S. Department of.
Justice expands its probe to examine more currency trades. (bit.ly/ 2af92It).

SABMiller chairman defends AB InBev takeover to shareholders The chairman of SABMiller Plc has insisted the.
business’s 76 billion pound ($ 100.60 billion) takeover by competitor.
ABInBev does not victimize most of.
its financiers, despite the fact that a lot of the brewer’s investors.
will not be able accept a contentious stock-and-cash offer. (bit.ly/ 29PhT2d) Sky News BT Withstands Second Day Of Web Interruption BT Group Plc’s web clients have been enduring.
a second day of service interruption – blamed by the company on a.
power concern – now stated to be fixed. (bit.ly/ 29X6lqR) VocaLink boss nets 5 mln stg from Mastercard offer The president of VocaLink will be handed a.
multi-million pound windfall from Mastercard Inc’s.
takeover of the British payments firm. David Yates, who will.
remain with business following the offer, remains in line to.
get a payout of around 5 million pounds. (bit.ly/ 2ajJOYZ).

($ 1 = 0.7555 pounds).

( Assembled by Rama Venkat Raman in Bengaluru; Modifying by Leslie.
Adler).

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