PRESS DIGEST-British Business – Aug 31

PRESS DIGEST-British Business – Aug 31

  • August 31, 2020

Aug 31 (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

French energy group EDF is exploring plans to produce hydrogen or to suck carbon dioxide out of the atmosphere using surplus power and heat from its proposed Sizewell C nuclear plant.

A secretive Chinese multimillionaire has become a leading shareholder in Cineworld Group Plc, fuelling speculation about a possible take-private offer for Britain’s biggest cinema chain.

The Guardian

The collapsed rent-to-own firm BrightHouse has been accused by consumer campaigners of sidestepping the City watchdog’s guidelines by offering struggling customers payment holidays of only 28 days during the pandemic, rather than three months.

School leaders have said they are having to weigh up pupil safety against financial stability because their budgets have been stretched to breaking point by the burden of the COVID-19 pandemic ahead of full reopening in England this week.

The Telegraph

Tax rises could “choke off” the UK’s coronavirus recovery, trigger an exodus of top talent and cripple the nation’s investment appeal after Brexit, Chancellor Rishi Sunak has been warned.

A flagship scheme to tackle surging youth unemployment could fail to take off as firms struggle to create jobs in the face of the coronavirus downturn, work and pensions select committee chairman Stephen Timms has warned.

Sky News

Roger de Haan, the former chief executive officer of Saga Plc, the over-50s insurance and travel provider, is to stage a stunning comeback as part of a 150 million pound ($200.10 million) capital-raising to shore up its coronavirus-hit balance sheet. ($1 = 0.7496 pounds) (Compiled by Bengaluru newsroom)

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