PRESS DIGEST-British Business - April 29
April 29 (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
- Britain's John Lewis is pushing further into the fast-growing beauty market with the opening of its first Korean beauty concessions as part of a wider 800 million pound ($1.08 billion) store investment plan.
- Activists caused an adjournment to NatWest's NWG.L annual shareholder meeting as they urged board members to take greater heed of environmental issues.
The Guardian
- Downing Street has dismissed the idea of a freeze on private sector rents even as Rachel Reeves left the door open to such a move.
- Europe's smaller airports may not survive if jet fuel shortages triggered by the Middle East crisis lead to widespread route cancellations, the Airports Council of Europe has warned.
The Telegraph
- Barclays BARC.L has suffered a 228-million-pound hit from the collapse of a "shadow bank" at the centre of an alleged fraud.
- JP Morgan JPM.N is relocating workers from its Paris office after overestimating the number of staff needed on the Continent, six years after shifting services to the French capital following the Britain's exit from the European Union.
Sky News
- South Korean company SeAH, which is behind a huge offshore wind technology factory on Teesside is preparing to lay off scores of workers following the cancellation of a second major contract.
- CMC Markets CMCX.L has struck a near-30 million pound deal to sponsor Everton Football Club as Premier League teams face up to a looming ban on gambling company deals.
The Independent
- BP BP.L has come under fire after revealing profits more than doubled in the first three months of the year thanks to the soaring cost of crude caused by the Iran war.
($1 = 0.7402 pounds)
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