PRESS DIGEST-British Business - Feb 6

Reuters
02-06
PRESS DIGEST-British Business - Feb 6

Feb 6 (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

- Some of Britain's biggest retailers are urging the government to follow U.S. President Donald Trump's lead and close a tax loophole being exploited by China's Shein and Temu.

- European Union is considering counter measures against Silicon Valley companies if President Trump pursues his tariffs threat against the bloc.

The Guardian

- McDonald's MCD.N has thwarted attempts to stop it from opening new outlets by stressing that it sells salad, promotes "healthier lifestyles" and sponsors local children's football teams.

- UK's Prime Minister Keir Starmer will unveil plans for a historic expansion in nuclear power across England and Wales, pledging to use Labour's large majority to make new sites across the country available for new power stations.

The Telegraph

- Lloyds Banking Group LLOY.L has been hit with a 1 billion-pound ($1.25 billion) tax bill after it lost a key legal battle against Britain's tax authority HM Revenue and Customs (HMRC)

- Vauxhall owner Stellantis STLAM.MI has confirmed it will close its factory in Luton within months, following a row with the government over net zero rules.

Sky News

- Tesco TSCO.L has expressed interest in acquiring more than 100 Crown Post Offices, whose future has been placed under review as the state-owned company explores shifting them to a franchise model.

($1 = 0.7996 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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