Yahoo Finance PRESS DIGEST-British Business - March 26
March 26 (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
- Mears LLP, one of the UK's largest maintenance companies, falsified its performance on more than 13,000 occasions in the build-up to bidding for a £1.8 billion council contract, a report has found.
The Guardian
- The Newcastle United co-owner Amanda Staveley faces having to pay a Greek shipping magnate more than 3 mln pounds after a high court legal battle.
- Kingfisher has warned that profits will fall for the second year as homeowners hold off on big projects including bathroom and kitchen refits amid a lackluster housing market.
The Telegraph
- EasyJet founder Stelios Haji-Ioannou has accused a charity shopping website of "falsehoods" in an intensifying legal battle over alleged trademark infringement.
- The Guardian has warned staff to expect job cuts within months amid an advertising downturn and an escalating dispute with unions over pay.
Sky News
- London-listed leisure group Revolution Bars is plotting the closure of a quarter of its venues as it holds talks with investors about an emergency fundraising and puts itself up for sale.
- Ofgem has launched a discussion on the energy price cap, floating options such as a cap based on vulnerability and when energy is used.
The Independent
- Two individuals and a company linked to the Chinese state have been sanctioned over attacks on the Electoral Commission between 2021 and 2022, Oliver Dowden told the House of Commons on Monday.
(Compiled by Bengaluru newsroom)
