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PRESS DIGEST-British Business - June 26
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PRESS DIGEST-British Business - June 26
Jun 25, 2024 8:16 PM

June 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

- Stellantis ( STLA ) could halt its UK production unless

the government does more to boost demand for electric vehicles

(EVs) to help it comply with regulations requiring automakers to

sell more EVs, the company's top UK executive said on Tuesday.

- Chapel Down, Britain's biggest wine producer, is

considering putting itself up for sale as part of a review into

options to fund its future growth as it plans to plant new

vineyards and build a new winery.

The Guardian

- HSBC ( HSBC ) and Barclays ( JJCTF ) are cutting rates on

their fixed mortgage deals in what some brokers claim could be

the start of a "summer of savings" for homebuyers and those

looking to remortgage.

- Britain's main opposition Labour has suspended one of its

parliamentary candidates, Kevin Craig, after being told the

Gambling Commission has launched an investigation into him.

The Telegraph

- Barclays ( JJCTF ) CEO C S Venkatakrishnan said it is

unrealistic for banks to abandon oil and gas, as he hit back at

growing scrutiny of the ties between finance firms and the

fossil fuel industry.

- British Post Office's finance chief has quit his role at

the scandal-hit company after more than a year's absence on sick

leave.

Sky News

- Advisers working on the controversial takeover of Royal

Mail's parent company are in line for a fee bonanza worth more

than 130 million pounds.

- Four men were arrested on suspicion of aggravated trespass

at Prime Minister Rishi Sunak's home in northern England on

Tuesday.

The Independent

- British Prime Minister Rishi Sunak has finally bowed to

pressure and withdrawn the Conservative Party's support for two

candidates embroiled in the general election betting scandal.

(Compiled by Bengaluru newsroom)

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