PRESS DIGEST-British Business - June 1

In this article:

June 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

- WE Soda, a subsidiary of Ciner Group and the world's largest producer of natural soda ash, is set to float on the London Stock Exchange with potential valuation of between 5 billion pounds ($6.31 billion) and 7 billion pounds ($8.83 billion).

The Guardian

- British Land, the property developer is being relegated from the UK's blue-chip share index, dropping out of FTSE 100 after its value was hit by rising interest rates and the disruption caused by last autumn's mini-budget.

The Telegraph

- British broadcaster ITV has commissioned an external review of presenter Phillip Schofield's resignation, the company said on Wednesday, after the 61-year-old admitted to lying about a relationship with a young worker.

Sky News

- Broadway Partners, which provides fibre connections in rural Scotland and Wales, has called in administrators after its balance sheet was hit by soaring costs and rising interest rates.

The Independent

- Former British Prime Minister Boris Johnson has given his pandemic-era notebooks and messages to the government and urged officials to pass them on to an independent COVID-19 inquiry, his spokesman said on Wednesday.

($1 = 0.7923 pounds) (Compiled by Bengaluru newsroom)

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