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PRESS DIGEST-British Business - May 17
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PRESS DIGEST-British Business - May 17
May 16, 2024 9:12 PM

May 17 (Reuters) - 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

- British drugmaker GSK said on Thursday it plans to

sell about 385 million shares, representing its entire

shareholding, in spun-off consumer healthcare business Haleon ( HLN )

.

- Johan Lundgren will step down as the chief executive of

budget airline easyJet at the turn of the year after

seven years at the helm.

The Guardian

- A union representing workers at the Harland & Wolff

shipyard in Belfast has written to the chancellor,

Jeremy Hunt, warning that doubts over financial support for the

company are putting jobs in jeopardy.

- A shake-up of the postal service that could hand the owner

of Royal Mail a 300 million pound($379.68 million) boost will

not take place before the general election, as the company's

bosses meet ministers to discuss its proposed 3.5 billion

pound($4.43 billion) takeover by a Czech billionaire.

The Telegraph

- Chevron ( CVX ) said it is set to launch the sale of its

remaining UK North Sea oil and gas assets, in a move that would

mark the U.S. energy giant's exit from the ageing basin after

more than 55 years.

- Rival companies would be asked to step in and manufacture

three Fleet Solid Support (FSS) warships should Harland & Wolff

, the Belfast-based yard that built the Titanic, be

unable to deliver.

Sky News

-European insurer Wefox warned investors that it could face

collapse within months as it contends with a slew of regulatory

and financial challenges.

($1 = 0.7901 pounds)

(Compiled by Bengaluru newsroom)

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