PRESS DIGEST-British Business - February 6

Reuters
Yesterday
PRESS DIGEST-British Business - February 6

Feb 6 (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

Kurt Björklund, executive chairman of Permira, has reportedly shifted his residency to Switzerland as UK financiers and business leaders react to higher wealth taxes under Rachel Reeves.

The Guardian

Rio Tinto RIO.AX and Glencore GLEN.L have abandoned plans for a $260 bln merger, walking away from a deal that would have created the world's largest mining company.

Shell SHEL.L is considering fossil fuel investments in Venezuela worth billions of dollars, according to its chief executive.

The Telegraph

Amazon CEO Andy Jassy said the tech giant's capital expenditure would grow by around 60% this year as its giant cloud computing business attempts to keep ahead of rivals.

Pandora PNDORA.CO plans to sell less silver jewellery and shift to platinum instead to shield itself from volatile prices.

Sky News

US newspaper The Washington Post is making a third of its staff redundant, bosses at the title have said.

The Independent

TSB SABE.MC has announced its boss will be leaving the bank to become chief executive of its Spanish owner.

Fashion retailer Quiz has once again fallen into administration, leading to 109 immediate redundancies among its head office and warehouse staff, with hundreds more jobs now at risk.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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