Yahoo Finance PRESS DIGEST-British Business - Jan 19
Jan 19 (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 boss of British electricals retailer Currys has warned the government that imposing too much cost and red tape on already strained retailers will fuel inflation as it revealed that sales had slipped over Christmas.
The Guardian
- Endeavour Mining is to claw back more than $29 million in pay and awards after firing its CEO for "serious misconduct."
- The British government has proposed plans to offer extra subsidies to power plant operator Drax to burn trees for electricity, provoking a backlash from climate groups and Tory MPs.
The Telegraph
- Indian steelmaker Tata Steel is expected to announce up to 3,000 job cuts as it presses ahead with net zero plans to close its blast furnaces.
- A donor to Britain's ruling Conservatives caught up in the Post Office scandal was given a non-executive government role on the board of the UK Health Security Agency (UKHSA).
Sky News
- The private equity backer of Audiotonix, a manufacturer of professional audio consoles, is preparing to kick off a sale process which could value it at more than 1.5 billion pounds.
- Train drivers on Britain's London North Eastern Railway (LNER) line will strike for five days next month, union ASLEF said. (Compiled by Bengaluru newsroom)
