PRESS DIGEST- British Business - Jan 5

By Kitco News / January 04, 2018 / www.kitco.com / Article Link

Jan 5 (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

- Mike Ashley, the largest shareholder in Debenhams Plc , suffered a "paper loss" of more than 13 million pounds ($17.62 million) on his stake in the department store chain after it issued a steep and unscheduled profit warning. - Britain's Whitbread Plc , owner of Costa Coffee and Premier Inn, on Thursday appointed Adam Crozier as chairman. The Guardian

- Aldi Inc is increasing minimum hourly rate of pay for store assistants to 8.85 pounds nationally, a 3.75 percent rise, and to 10.20 pounds in London, a 4.6 percent boost, from February 1. - Waitrose has become the first UK supermarket to ban sales of so-called energy drinks to under-16s, amid concerns about high levels of sugar and caffeine and their impact on children's health and behaviour. The Telegraph

- Data from the Society of Motor Manufacturers and Traders (SMMT) revealed that average CO2 emissions from cars in Britain sold last year were higher than in 2016, reversing a near 20-year decline. - Unilever Plc, the owner of Colman's Mustard, has confirmed it is to close its operations in Norwich with the loss of around 68 jobs following a review of its manufacturing site. Sky News

- The owner of the MusicMagpie website, which helps consumers trade in unwanted games consoles and mobile phones, is planning an IPO onto the London stock market. - Britain's economy appeared to have picked up speed at the end of last year as the IHS Markit/CIPS services Purchasing Managers' Index (PMI), taken together with data from other sectors, suggested GDP growth of up to 0.5% in the fourth quarter, compared with 0.4% in the July-September period. The Independent

- Philip Morris International Inc , which makes Marlboros and a host of other cigarette brands, placed full-page adverts in UK national newspapers this week promoting its "ambition to stop selling cigarettes in the UK". - Ticketmaster has been banned from claiming its platinum seats have the "best available" tickets, after three complaints said it was misleading. ($1 = 0.7380 pounds)


(Compiled by Bengaluru newsroom; Editing by Sandra Maler)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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