25 April (Reuters) – Below are the headlines on the business side of British newspapers. Reuters has not verified these articles and does not vouch for their accuracy.
Times
– The UK Financial Conduct Authority has set out a series of measures that the banking industry must implement to reduce criminal abuse of post office cash deposit services.
– German discount supermarket chain Lidl has published a list of 247 potential new store locations across the UK, including Chelsea, Kensington, Mayfair, Westminster and Knightsbridge.
Guardian
– Italian restaurant chain Prezzo said it plans to close 46 stores in the UK, putting 810 jobs at risk.
– French luxury group LVMH became the first European company to reach a market value of $500 billion, thanks to a surge in wealthy demand for its luxury brands.
Telegraph
– The UK joins forces with the European Union to protect offshore wind farms and pipelines from Vladimir Putin in a new security deal.
– The scandal-hit Confederation of British Industry (CBI) failed to fire a “toxic” sexual predator over a harassment incident and lost the confidence of its female staff, the president admitted.
sky news
– Planet Organic founder Lenny Elliott has agreed to lead the acquisition of the supermarket chain through pre-pack management.
– Software company Smoove has received multiple acquisition approaches from anonymous suitors, which could lead to its delisting from the AIM market.
(Edited by Bangalore Newsroom)
