In This Article:
July 24 (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
- Michael Austwick, the chief executive of Vectura, the pharmaceuticals business which was bought by Philip Morris International, is stepping down from his role.
- International Consolidated Airlines Group will announce that it has taken a stake in a would-be producer of bioethanol Nova Pangaea Technologies, injecting 4.4 million pounds ($5.7 million) into the privately owned company.
The Guardian
- Factories in England and Wales are seeing a downward trend in the share of their trade going to the EU, an analysis from the manufacturers' trade body Make UK shows.
- A coalition representing a million small businesses is urging Ofgem, UK's energy regulator, to crack down on the rogue energy brokers who rip off firms, charities, care homes and faith groups by piling billions of pounds in hidden commission fees on to bills.
The Telegraph
- Tui and Jet2 among those under pressure to repatriate thousands of tourists on Greek island Rhodes ravaged by blazes amid European heatwave, as EasyJet announced it would be running three repatriation flights back to the UK for those forced to flee from their hotels at the start of peak holiday season.
- The UK government is to spend a further 15 billion pounds of taxpayer cash on COVID measures despite the pandemic being declared officially over, according to an update to the Treasury's COVID cost tracker.
Sky News
- The chief executive of M&C Saatchi Plc Moray MacLennan, who has worked for the advertising agency since it was founded in 1995, is to retire from the company in the coming months.
- Specialist retail investor Hilco has agreed to lend about five million pounds to Wilko as the general merchandise chain faces an intensifying cash squeeze.
($1 = 0.7774 pounds) (Compiled by Bengaluru newsroom)