PRESS DIGEST- British Company – June 8

The following are the top stories on the business pages of
British newspapers. Reuters has not validated these stories and
does not vouch for their accuracy. The Times – Piers Linney has sent out a greatly worded letter to Vittorio
Colao, president of Vodafone Group Plc, to
grumble that the mobile network is responsible for the plight
of his cloud computing business, Outsourcery, which has all but
collapsed. (bit.ly/ 22NEXjk) – Royal Dutch Shell Plc revealed strategies to leave up
to 10 nations and cut billions of dollars in spending as it
presses ahead with its 35 billion pounds ($ 50.88.
billion) takeover of BG Group in the face of dramatically lower oil.
costs. (bit.ly/ 22NEYnf) The Guardian.

– Mike Ashley’s Sports Direct Plc is dealing with a.
multimillion-pound expense in fines and back pay after Ashley.
confessed his business had broken the law by cannot pay staff.
the nationwide minimum wage. (bit.ly/ 22NFgdW) – Worldwide development will slow this year as oil exporters in the.
establishing world battle to handle lower energy prices, the.
World Bank has said in its half-yearly financial health check. (bit.ly/ 22NFIJ8).

The Telegraph – Terra Firma aired new claims that Michael Klein, then.
Citigroup Inc’s global head of investment banking and now.
leading his own store advisory firm, deceived personal equity.
magnate Individual Hands over the bank’s view of EMI’s business. (bit.ly/ 22NGd5W) – The Turkish owners of United Biscuits have actually unveiled an.
enthusiastic plan to expand the business behind McVitie’s biscuits.
and Jaffa Cakes abroad then return the business to the London.
Stock market. (bit.ly/ 22NGhmm).

Sky News – CBI is urging its members to make it possible for millions of individuals to.
work part-time on June 23 to allow them to enact the EU.
mandate. (bit.ly/ 1TY3hie) – British exporters are at risk of paying up to 5.6 billion.
pounds in duties if the UK votes Out in the EU mandate, the.
head of the World Trade Organisation, Roberto Azevedo, said. (bit.ly/ 1TY4iqo) ($ 1 = 0.6879 pounds).

( Compiled by).

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *