Oct 20 (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
– The chairman-elect of the Bank of England, David Roberts, has been caught up in a conflict of interest after revealing he has been privately mentoring a senior unnamed City business leader.
– José Antonio Ramos Calamonte, the new chief executive of fast-fashion retailer Asos plc, said that he has a turnaround plan for the company that includes new designs and strenghtening the leadership.
The Guardian
– Amazon.com Inc is to enter the UK insurance market as Amazon Insurance Store to enable customers to search for home insurance products, in an attempt to challenge the big four price comparison sites.
– UK Prime Minister Liz Truss has pledged to maintain the triple lock guarantee on pension increases, as she fought back against accusations from Keir Starmer, leader of the UK’s Labour Party, that she is “not in charge” of her government or the country.
The Telegraph
– Retailers face paying an extra 3 billion pounds ($3.36 billion) next year in business rates, piling further pressure on the high street as costs soar and shoppers cut back on spending.
– The Chief Whip, Wendy Morton, was forced out of Government and then reinstated on Wednesday night, capping off a day of chaos for UK Prime Minister Liz Truss after a confidence vote descended into allegations of backbenchers being manhandled through the lobby.
Sky News
– OpCapita LLP, a controversial former owner of Comet, the defunct electricals chain, is among the suitors vying to take control of Matalan Finance Plc, the value-based retailer.
– Suella Braverman, former UK home secretary, has resigned after sending an official document from her personal email – and has taken aim at the UK prime minister as the former Conservative leadership candidate also expressed “concerns about the direction of this government”. ($1 = 0.8925 pounds) (Compiled by Bengaluru newsroom)
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