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PRESS DIGEST-British Business - April 28

ReutersApr 28, 2025 3:15 AM

- 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

- U.S. tech entrepreneur Elon Musk's "massive attacks" on publicly funded scientific research make his position as a member of Britain's Royal Society increasingly difficult and he should consider resigning his fellowship, incoming president Sir Paul Nurse said.

The Guardian

- Steelmaking at British Steel's Scunthorpe plant will continue for months, the government has said, after it confirmed that a shipment of more than 55,000 tonnes of coking coal arrived in the UK this weekend.

The Telegraph

- Chinese fast-fashion giant Shein has increased prices for American shoppers by up to 377 pence to help offset the hit from Donald Trump's tariff war.

Sky News

- Christine Hodgson, who chairs water company Severn Trent SVT.L, and Andrew Martin, chair of the testing and inspection group Intertek ITRK.L, are the leading contenders for the chairman's position at Premier Inn-owner Whitbread WTB.L.

The Independent

- British Chancellor Rachel Reeves vowed to enable British youth to work in Europe amid pressure for an EU youth mobility scheme and expressed confidence in securing a U.S. trade deal after talks with U.S. official Scott Bessent in Washington.

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