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British Business – Sept. 13: Recap of Press Highlights


Sep 13, 2023

On September 13th, several top stories were featured on the business pages of British newspapers. However, it’s important to note that Reuters has not verified these stories and cannot vouch for their accuracy.

According to The Times, Bernard Looney, the CEO of BP, resigned immediately after less than four years in the position. The company stated that Looney failed to fully disclose details of past personal relationships with colleagues as the reason for his departure.

In other news, Smurfit Kappa, a packaging company, will be leaving the FTSE 100 and joining the S&P 500 index in the United States. This move comes after the company’s takeover of WestRock, which will create the world’s largest packaging company.

The Guardian reported that Poundland is set to acquire up to 71 Wilko sites. Poundland intends to reopen these locations under its own brand, potentially providing a lifeline for some of the 1,800 staff members who are projected to lose their jobs.

According to The Telegraph, the U.S. government claims that Google pays over $10 billion a year to maintain its dominant position as the world’s leading search engine.

Lastly, Sky News states that the UK government remains committed to the pensions triple lock, despite ongoing debate about the cost it imposes on the public purse.

Please note that this information was compiled by the Bengaluru newsroom and Reuters does not verify its accuracy.

By Editor

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