News Digest – UK Business – 6 December

Dec 6 (Reuters) – Here are the headlines in the business pages of British newspapers. Reuters has not verified the reports and does not vouch for their accuracy.


– Nick Read steps down as chief executive of Vodafone Group Plc after four years and is replaced by corporate treasurer Margherita Della Valle as interim boss.

– Glencore Plc will pay $180 million to the Democratic Republic of Congo after admitting years of corruption in the central African country.


– Mike Ashley’s Frasers Group PLC has served Coventry City with an eviction notice ordering Championship Football Club to leave its home ground, Coventry Building Society Arena.

– Chinese fashion retailer Shein has pledged to invest $15m (£12.2m) to improve standards at its suppliers’ factories after it admitted working hours at two sites violated local regulations following allegations of labor abuses in a Channel 4 documentary .

The Telegraph

– British business minister Grant Shapps concluded that German entrepreneur Hakan Koç’s takeover of UK mobile company Truphone could pose a risk to national security following an investigation into the deal.

– Automaker Toyota Motor Corp unveiled six new electric models due to go on sale in Europe in 2026, signaling a shift in focus from its previous bet on hydrogen as the green fuel of the future.

sky news

– Union bosses are urging members of Britain’s rail network’s RMT union to reject new pay proposals and strike on December 13-14 and 16-17.

– UK housing secretary Michael Gove has played down the government’s target of building 300,000 homes a year after angry opposition from MPs in his own party. (Reporting by Jyoti Narayan in Bengaluru)

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