PRESS DIGEST-British Business - Nov 29

Reuters
·2 min read

Nov 29 (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

UK home secretary Suella Braverman is looking to resurrect a list of designated "safe" countries, from whose citizens asylum claims are largely regarded as unfounded and will be fast-tracked for removal.

UK culture secretary Michelle Donelan has warned that social media giants will face "severe punishments" including multimillion-pound fines if they fail to stop young children using their platforms.

The Guardian

BT said on Monday it had struck a wage deal that could bring an end to industrial action after it agreed to pay all but its most senior staff in Britain a special rise reflecting the rising cost of living.

Britain's National Grid said on Monday it would not need to trigger a mechanism asking some homes to use less electricity on Tuesday, after earlier publishing a notice saying it may have had to use the scheme for the first time.

The Telegraph

British car distributor Inchcape said on Monday finance chief Gijsbert de Zoeten was stepping down after a "lapse in judgement" that involved behaviour the company said fell short of standards expected of its executives.

Oxford-based First Light Fusion is examining sites across Britain for a $570 million facility that will use fusion to produce both electricity and tritium, an isotope of hydrogen needed to fuel fusion reactions.

Sky News

Barclays PLC said on Monday that Chief Executive C.S. Venkatakrishnan would undergo treatment for non-Hodgkin lymphoma, a type of cancer, adding that the condition is treatable and that he would keep working when possible.

Lenders to online cosmetics retailer Revolution Beauty have drafted in Teneo Financial Advisory amid the accounting chaos which has left it unable to file financial results. (Compiled by Bengaluru newsroom)

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