British Business - July 1
July 1 (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
- Tata Steel TISC.NS faces a 500 million pound ($632.30 million) hit from its shock decision to bring forward the closure of its Port Talbot works, as bosses and union leaders scramble to strike an eleventh-hour deal.
The Guardian
- The road haulage industry is calling on the new government to urgently tackle investment in infrastructure for electric trucks, after pointing out there is just one public charging point for HGVs in the whole of the UK.
The Telegraph
- The Falkland Islands, seeking an economic boom, is asking islanders to approve its first-ever oil exploration scheme in the Sea Lion field, with an Israeli company holding most of the rights to the potential 500 million barrel haul.
Sky News
- Sebastian James, the outgoing boss of Boots is leaving to run private equity-backed Veonet, one of Europe's largest chains of ophthalmology clinics.
The Independent
- TikTok suspended the livestream of a Reform UK rally for around half an hour on Sunday, the social media platform has confirmed.
($1 = 0.7908 pounds)
(Compiled by Bengaluru newsroom)
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