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16 Jan (Reuters) – Below are the headlines on the business side of British newspapers. Reuters has not verified these articles and does not vouch for their accuracy.
Times
– British retailer Marks & Spencer (M&S) will open 20 new stores across the UK, creating 3,400 jobs.
– The SV Biotech Crossover Opportunities Fund, launched by Dame Kate Bingham’s investment firm British Patient Capital, has received approximately $50 million in state funding.
Guardian
– British fintech firm Revolut Ltd has addressed criticism of its aggressive corporate culture and is seeking to obtain a UK banking license, asking whether its staff are ‘friendly’ and ‘respectful’. We are assembling a team to track.
– Sainsbury’s, the UK’s second largest supermarket group, has partnered with online food ordering and delivery company Just Eat Takeaway to offer faster delivery of groceries across the country.
Telegraph
– The Energy and Utilities Alliance (EUA) estimates that the UK government will need almost three times as many installers to reach its target for electric heat pumps.
– Jaguar Land Rover warns that its electric vehicle (EV) push could be under threat if it is fined for failing to meet the new government’s stringent targets.
sky news
– A man in his 60s has been arrested in connection with an investigation into the discovery of traces of uranium in a cargo package found at London’s Heathrow Airport.
– British wealth management consultancy MJ Hudson, whose shares were suspended last month for apparent accounting fraud, has hired advisers to investigate interest in its division. (Edited by Bangalore Newsroom)
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