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MARKETS LIVE BLOG:

STOCK FUTURES FALL AS INVESTORS RETHINK RATE-CUT BETS

Wait is on for October CPI report Thursday to shed light on progress over inflation fight

PRESS DIGEST-British Business - Sept 22

Reuters
·2 min read

Sept 22 (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

Co-op Food chief executive Jo Whitfield will step down along with Michael Fletcher, the boss of its wholesale business Nisa. https://bit.ly/3S8ZKO3

French telecoms tycoon Xavier Niel has acquired a stake worth about 750 million pounds ($843.60 million) in Vodafone Group PLC, increasing pressure on the company to accelerate its consolidation plans in Europe and to further monetise its towers infrastructure business. https://bit.ly/3RWl49r

The Guardian

Fracking in the UK will be impossible at any meaningful scale and will not help with the energy price crisis, the founder of the country's first fracking company Cuadrilla Resources has warned. https://bit.ly/3BGVm1Y

JD Sports Fashion PLC is paying former boss Peter Cowgill 5.5 million pounds ($6.19 million) over three years, on top of a year's salary worth more than 906,000 pounds and a potential bonus worth up to 450,000 pounds, under a deal to prevent him setting up a rival retailer. https://bit.ly/3R7O3Wy

The Telegraph

The administrator of Neil Woodford’s collapsed income fund Link Fund Solutions faces a 50 million pound ($56.24 million) penalty on top of 306 million pounds in redress payments for its role in the fiasco, UK regulators have announced. https://bit.ly/3qZqwfK

Collapsed energy supplier Bulb Energy's co-founder is planning to start a new company after joining venture capital fund Giant VC backed by former British foreign secretary David Miliband. https://bit.ly/3S2oeZb

Sky News

Transport for London chief Andy Byford has resigned weeks after securing a new long-term funding deal. https://bit.ly/3LC6ilN

The German government has said it will nationalise the country's biggest gas importer, Uniper SE, as it battles massive losses amid Europe's energy crunch. https://bit.ly/3S5OUbJ

The Independent

British Prime Minister Liz Truss is weighing up whether to take Britain into a new "European political community" being championed by French Prime Minister Emmanuel Macron. https://bit.ly/3QXmCyN

($1 = 0.8890 pounds) (Compiled by Bengaluru newsroom)