PRESS DIGEST-British Business - January 28

Reuters
01/28
PRESS DIGEST-British Business - January 28

Jan 28 (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

- British pub operator Revel Collective TRC.L has entered administration, with 41 venues and 1,582 jobs transferred to new owners, while 21 sites will close with the immediate loss of 591 jobs.

The Guardian

- The British government announced a support package for pubs and live music venues in England, providing some relief from the property tax rises announced last year, which left the hospitality industry reeling.

- Cryptocurrency company Coinbase COIN.O has been banned from showing a set of adverts in the UK that suggested using its services could be a solution to the cost-of-living crisis.

The Telegraph

- The owners of fast fashion chain Quiz are considering drafting in advisers to draw up a range of options, including new financing and possible store closures, in an effort to secure its future following "disappointing" Christmas sales.

Sky News

- Aviva-backed altnet Truespeed and rival Freedom Fibre are close to finalising a merger that will propel them into the ranks of the sector's largest players amid growing financial pressure to consolidate.

- Online travel agent Loveholidays, owned by private equity firm Livingbridge, has added Investec INVP.L to the line-up of banks working on its initial public offering, which could be unveiled as early as March.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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