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PRESS DIGEST-British Business - Aug 22
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PRESS DIGEST-British Business - Aug 22
Aug 28, 2024 9:24 PM

Aug 22 (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

- Frasers Group ( SDIPF ) is under offer to buy Fremlin Walk,

an outdoor shopping centre in Maidstone, from M&G Real Estate.

- Mobico Group ( NXPGF ), the owner of National Express has

formally kicked off the sale of its American school bus business

to reduce its debt pile as it continues the long recovery from

the pandemic.

The Guardian

- McDonald's is to open more than 200 restaurants

across the UK and Ireland over the next four years, creating

about 24,000 new jobs as it steps up expansion amid a rise in

demand for takeaways.

- Chinese authorities have launched an anti-subsidy

investigation into European dairy imports, in the latest sign of

escalating trade tensions between Brussels and Beijing.

The Telegraph

- The Post Office has spent more than 250 million pounds

($327.10 million) on legal fees linked to the Horizon IT

scandal, a sum almost equivalent to the compensation paid out to

the victims.

Sky News

- Britain's government again borrowed more than expected

last month, according to official data released on Wednesday

that highlighted the tight financial backdrop for new finance

minister Rachel Reeves as she readies her first annual budget.

- Cineworld's US-based parent will inject 35 million pounds

into modernising its British cinema estate if a rescue plan

being put to creditors is successful.

($1 = 0.7643 pounds)

(Compiled by Bengaluru newsroom)

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