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Feb 1 (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
– The Aquis Stock Exchange says it is ready to work with the UK’s Financial Conduct Authority to step up scrutiny of struggling listed cannabis supplement company Love Hemp Group Plc following a series of allegations. I got
– KPMG’s UK partners were paid an average of £757,000 ($931,791.30) each in 2022. Even after paying record fines and exiting in connection with Carillion’s audit, the Big 4 accounting firms saw higher revenues and profits, so from 2021 he’s up 10%. Favorable government jobs.
Guardian
– Ofgem is considering bridging the cost gap between prepaid meters and direct debit customer energy bills by exploring whether subsidies can be introduced to create a level playing field.
– Tesco Plc has announced a store management overhaul for its large UK store, which will affect 2,100 jobs while closing its remaining meat, fish and hot deli counters.
Telegraph
– About 1,000 jobs at Paperchase are threatened after Tesco, the UK’s largest supermarket, swooped in for a struggling stationery company in a deal expected to close stores.
– Cybersecurity firm Darktrace Plc has been accused of engaging in fraudulent accounting by US short-selling firm Quintessential Capital Management.
sky news
– The UK Treasury has unveiled a proposal to regulate cryptocurrencies following widespread calls for action after the dramatic collapse of one of the world’s largest exchanges.
– Downing Street argues that Britain’s economy is strong, even though the International Monetary Fund has warned that the UK’s economy will go backwards this year, worse than all other advanced economies.
Independent
– UK Prime Minister Rishi Sunak believes providing UK fighter jets to Ukraine is “unrealistic” but aid to enable “decisive gains” against Russian aggressors ($1 = £0.8124) (Edited by Bangalore Newsroom)
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