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PRESS DIGEST-British Business – Sept. 4

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Sept 4 (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

– Co-Operative Group will open 65 new stores by the end of this year, creating 1,000 jobs. https://bit.ly/32Wb7R1

– Ex-Aviva Plc chief Mark Wilson is behind a 370 million pound ($490.69 million) bid for Saga Plc, which the company declined. https://bit.ly/2Z4mrt7

The Guardian

– Ocado Group Plc has temporarily suspended deliveries to its employees as the online grocer battles to clear a backlog following a new tie-up with Marks and Spencer Group Plc. https://bit.ly/2QRVqVt

– Energy supplier SSE Plc has been fined 2 million pounds by energy regulator Ofgem, for failing to publish inside information about the wholesale energy market. https://bit.ly/3jOn2XN

The Telegraph

– British Gas has acquired Robin Hood Energy and as a result has laid off more than 250 employees. https://bit.ly/3bpxiCY

– Around 1,650 Costa Coffee baristas are facing redundancy after the cafe chain said it did not know when trading might return to pre-coronavirus levels. https://bit.ly/3jHLpqf

Sky News

– Virgin Atlantic Airways is preparing to cut more than 1,000 jobs after seeing demand recover more slowly than initially anticipated. https://bit.ly/3h0II1c

– More than 100 million discounted meals have been claimed for under the government’s Eat Out To Help Out scheme, chancellor Rishi Sunak has said. https://bit.ly/3lLsexv

The Independent

– Amazon.com Inc is to create 7,000 new permanent UK jobs over the coming months to deal with surging sales since the coronavirus pandemic began. https://bit.ly/352slPj

($1 = 0.7540 pounds) (Compiled by Bengaluru newsroom)

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