News Digest – UK Business – 5 December

Dec 5 (Reuters) – Here are the headlines in the business pages of British newspapers. Reuters has not verified the reports and does not vouch for their accuracy.


Forecasters from the Met Office are among the latest public bodies to announce support for industrial action this week, along with health and safety inspectors, chemical weapons scientists at Porton Down and experts dealing with bird flu and COVID-19.

UK consultancy and accounting firm PwC has told its 24,000 UK staff it will close its main office at 1 Embankment Place in central London over the festive period, along with many smaller offices across the country, to reduce energy use.


Britain’s RMT union said on Sunday it had rejected the train operator’s proposal for a 4% pay rise in 2022 and 2023 aimed at stopping further strike action that has disrupted travel for millions of rail users .

British energy start-up Xlinks’ £18bn ($22bn) project to link the UK to a giant wind and solar farm in the Sahara via undersea cables has been shut down amid political turmoil in Westminster. Delay for at least a year.

The Telegraph

The bloc will adjust its state aid rules to prevent investment outflows triggered by a new U.S. green energy subsidy program while offering cooperation on raw materials to counter Chinese dominance, the head of the European Union said on Sunday.

Hong Kong billionaire Ivan Ko has expressed interest in a 35-acre site opposite London City Airport, which was planned to be the capital’s answer to Venice.

sky news

Clayton Dubilier & Rice, owner of Morrisons in the UK, is working with executive search firm Egon Zehnder to identify an eventual successor a year after buying the supermarket chain’s longtime chief executive David Potts for £7bn.

John Ryley is stepping down as Sky News chief after 17 years. ($1 = 0.8133 pounds) (Compiled by Bangalore Newsroom)

Source link