July 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
– Slack Techologies Inc, the messaging app, has filed an anti-competition complaint against Microsoft Corp with the European Commission, claiming that the group unfairly bundles its rival Teams app with its Office 365 tools. https://bit.ly/2EbdAOV
– Nikhil Rathi, the new boss of the UK’s Financial Conduct Authority, wants the City watchdog to take a more “interventionist” approach to cracking down on financial promotions of risky investments. https://bit.ly/2D300fJ
The Guardian
– A UK Treasury overhaul of the way breweries are taxed has come under under fire, amid claims that up-and-coming craft beer makers will lose out so larger rivals can thrive. https://bit.ly/32Kbyzq
– Small investors who sank millions of pounds into a “burrito bond” scheme could lose most of their cash after Chilango, the London-focused Mexican restaurant chain, said it planned to call in administrators. https://bit.ly/2OPnKXy
The Telegraph
– Markus Braun, the former boss of Wirecard AG, has been arrested by German police over fraud allegations after investigators found evidence of misconduct dating back to 2015. https://bit.ly/3jvkui7
– British Airways has struck a deal with pilots over sweeping job cuts in response to the coronavirus pandemic, with up to 270 pilots facing compulsory redundancy under measures agreed by the British Airline Pilots Association (Balpa). https://bit.ly/3fQVIa4
Sky News
– Frasers Group Plc, the owner of Sports Direct and House of Fraser, has warned it may be forced to close some of its stores in renewed criticism of the British government’s handling of the coronavirus crisis. https://bit.ly/2WMqr0x
– KPMG is to cut more than 100 jobs and slash contributions to employees’ pension pots as part of a cost-saving drive accelerated by the coronavirus pandemic and looming reform of the audit profession. https://bit.ly/2CxjB8e
($1 = 0.7856 pounds) (Compiled by Bengaluru newsroom)
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