PRESS DIGEST- British Business - Feb. 5 - Southern Business Review


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Monday, February 4, 2019

PRESS DIGEST- British Business - Feb. 5

Feb 5 (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

- Britain will be thrown into an "energy crisis" unless it loosens the rules for shale oil and gas developers, British chemical manufacturer Ineos has warned.

- British Prime Minister Theresa May will insist on Tuesday that she can secure a majority for a Brexit deal that "commands broad support" in Northern Ireland.

The Guardian

- Business Minister Greg Clark has been forced to admit the existence of a previously secret package of state aid to Nissan Motor Co Ltd that could have been worth up to 80 million pounds ($104.31 million) had the carmaker gone ahead with plans to manufacture a new model X-Trail in Sunderland after Brexit.

The Telegraph

- The process of Britain leaving the European Union will not be delayed via an extension of the Article 50 exit negotiation period, British Transport Secretary Chris Grayling told the Telegraph newspaper in an interview published late on Monday.

- British transport group FirstGroup Plc is selling one of its largest regional bus divisions.

Sky News

- George Mitchell, a former U.S. senator who brokered peace in Northern Ireland, has said a hard border must be avoided or else violence is possible.

The Independent

- UK ports will wave through goods from the European Union without checks if there is a no-deal Brexit to avoid huge traffic jams, tax authorities said. ($1 = 0.7669 pounds)

Compiled by Bengaluru newsroom; Editing by Sandra Maler