PRESS DIGEST-British Business - July 18
July 18 (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
- Jaguar Land Rover, will cut up to 500 UK management jobs through a voluntary redundancy program, following a 15.1% drop in retail sales in the first quarter of the year.
The Guardian
- Britain's FCA unveiled plans to regulate the 13 billion pounds ($17.46 billion) buy now, pay later market, requiring firms to aid customers in financial distress and allowing complaints to the financial ombudsman.
The Telegraph
- EasyJet EZJ.L CEO Kenton Jarvis blamed striking French air traffic controllers for half of Europe's flight delays, costing the airline 15 million pounds in profits.
Sky News
- Bridgepoint BPTB.L is nearing a deal to acquire MyDentist, a provider of NHS dental services, for 750 million pounds to 800 million pounds, with an announcement possible as early as Friday.
The Independent
- Thousands of customers were unable to send letters or parcels after a major IT outage disrupted Post Office branches across the UK, with the company confirming it was not cyber-related but not disclosing the specific cause.
($1 = 0.7445 pounds)
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