August 22, 2018 / 11:58 PM / 10 months ago

PRESS DIGEST- British Business - Aug 23

Aug 23 (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

- Preparations for a $2 trillion listing of Saudi Arabia's state oil company Saudi Aramco have ceased as the kingdom shelves indefinitely its plans for the world's biggest initial public offering. A source told The Times that work by advisers had ceased as they had simply "run out of things to do" in the absence of a decision by Riyadh to proceed.

- Brussels is being irresponsible by refusing to help to limit the impact of a no-deal Brexit, Brexit Secretary Dominic Raab will say on Thursday, as he raises the stakes by releasing detailed contingency plans for a disorderly split.

The Guardian

- Superdrug has advised its online customers to change their passwords after the high street chain was targeted by hackers claiming to have stolen the personal details of thousands of people.

- Replacing Prime Minister Theresa May with former Foreign Minister Boris Johnson, or other putative leadership candidates, would not boost the Conservative party's chances of winning the next election, a poll has suggested.

The Telegraph

- Outsourcer Capita Plc has hired Go-Ahead Group Plc finance boss Patrick Butcher as its chief financial officer and he is due to join the company at the end of the year.

Sky News

- Labour leader Jeremy Corbyn will outline plans on Thursday for a major overhaul of the BBC as he calls for "bold, radical thinking on the future of our media".

- Investment bank Goldman Sachs Group Inc has agreed to sell and leaseback its new headquarters in a boost for London as Britain leaves the European Union.

Compiled by Bengaluru newsroom

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