June 3 (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
- Former UK trade minister Greg Hands has been appointed as
a strategic adviser to Daniel Kretinsky, the Czech billionaire
investor who clinched the takeover of Royal Mail's owner.
- Pharma firm Indivior ( INDV ) said it would cancel its
secondary listing on the London Stock Exchange, effective July
25, maintaining its primary listing on the Nasdaq to reduce
costs and better align with its U.S.-centric business.
The Guardian
- Vodafone ( VOD ) has promised to invest more than 1
billion pounds ($1.35 billion) in expanding its network coverage
in the next year, as it sealed a 16.5 billion-pound merger with
its former mobile rival Three UK.
- British Prime Minister Keir Starmer has promised to make
Britain "battle-ready" as he unveiled a defence review designed
to counter threats from countries such as Russia, which he
warned directly threatened the UK every day.
The Telegraph
- Marks & Spencer's ( MAKSF ) Chief Executive Stuart Machin
saw his total pay package increase 39% to 7.1 million pounds in
the British retailer's 2024-25 financial year.
- Willie Walsh, the head of a global airlines industry body,
said the soaring cost of sustainable aviation fuel (SAF), as
well as poor demand, meant passengers faced even higher ticket
prices.
Sky News
- NatWest Group ( NWG ) named Solange Chamberlain, director
of strategic development, as the CEO of its retail bank, in its
first appointment by the UK lender after the country's
government exited its full ownership.
- Tide, the business banking services platform, is in
advanced talks to raise new funding at $1 billion valuation.
The Independent
- Belfast-based tech company ANGOKA has announced a near 2
million-pound investment in creating cybersecurity software for
the manufacturing sector.
($1 = 0.7392 pounds)
(Compiled by Bengaluru newsroom)