Press Digest-British Business - September 11
SPY•British business press highlights
The Times
- Primark, the budget fashion chain being spun off from Associated British Foods, plans to start an online delivery service in England, Scotland and Wales alongside its continued expansion of its click & collect service.
- Around 40% of shareholders of Ryanair voted against the proposed €150 million bonus to Chief Executive Michael O’Leary tied to the airline hitting performance targets.
The Guardian
- The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East.
- Glencore’s billionaire former head of oil trading Alex Beard has pleaded not guilty to two bribery charges after allegedly facilitating payments to West African officials in order to advance the Swiss commodity trader’s operations in the continent.
The Telegraph
- Guardian staff have threatened to walk out over pay, with the National Union of Journalists set to hold an indicative ballot of members on whether to strike against the company's latest pay offer.
Sky News
- The EU has drafted new rules that could impose further restrictions on Airbnb and other short-term home rental companies, which have long been linked with shortages of affordable housing.
- A group of developers working on the highly anticipated Grand Theft Auto VI in the UK are suing Rockstar Games claiming they were unfairly sacked by their employer.
