PRESS DIGEST-British Business - May 24
May 24 (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 chief executive of Klarna, the Swedish buy-now-pay-later company, has told staff that 10% of them would lose their jobs as consumer confidence falls and amid scrutiny of its business model. https://bit.ly/3LAvjMx
The Guardian
London Underground station staff will stage a 24-hour strike on Monday, June 6, the day after the platinum jubilee holiday weekend, in an ongoing dispute over job cuts that could presage nationwide rail strikes later next month. https://bit.ly/3PFcnzu
ScotRail will open talks with the rail union Aslef on Tuesday to resolve a pay dispute that has led to the train operator axing more than 1,000 services from its timetable. https://bit.ly/3GaEGl0
The Telegraph
First Minister of Scotland Nicola Sturgeon has been accused of "manufacturing" cuts to 700 train services a day amid a row with unions that risks bringing Scotland to a halt. https://bit.ly/3PwrriS
HSBC Holdings PLC has reportedly suspended a senior executive ahead of an internal investigation into a presentation he made that accused central bankers of overstating the financial risks of climate change. https://bit.ly/3wF5k2m
Sky News
The governor of the Bank of England Andrew Bailey said he "rejected" the argument made by a predecessor, in an interview with Sky News, that the Bank of England and other central banks shared responsibility for the cost of living crisis. https://bit.ly/3NxtEbY
Guy Hands' Terra Firma Capital Partners is among the handful of bidders competing to buy Butlin's from Bourne Leisure. https://bit.ly/39Nj3el
The Independent
UK PM Boris Johnson told MPs that there was no lockdown party at Downing Street – a claim since discredited by the emergence of new photos showing him drinking at a gathering. https://bit.ly/3LDHatl (Compiled by Bengaluru newsroom)