PRESS DIGEST-British Business - January 29
Jan 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
- The struggling British fashion brand LK Bennett has been bought out of administration by U.S. restructuring firm Gordon Brothers, putting its nine shops and 380 jobs at risk.
The Guardian
- British discount retailer The Original Factory Shop appointed administrators on Wednesday, putting about 1,180 jobs at risk as the chain struggles with rising costs and supply chain problems.
The Telegraph
- CityFibre outlined plans to slash 450 roles, almost a third of its 1,400-strong workforce, as the debt-laden broadband firm braces for a wave of consolidation across the industry.
Sky News
- EasyJet EZJ.L has been banned from claiming in its marketing that the cost of adding a large cabin bag to a flight booking is "from 5.99 pounds ($8.28)", after UK's advertising watchdog found the price was "misleading".
The Independent
- British Prime Minister Keir Starmer will meet Chinese President Xi Jinping on Thursday for talks he hopes will deepen their economic relationship, signalling a breakthrough in ties after years of distrust and acrimony.
($1 = 0.7237 pounds)
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