PRESS DIGEST-British Business – June 17

June 17 (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

– Both bidders for THG Plc have confirmed they will not be making a takeover offer for the ecommerce company while the board said that the proposals it had received were “unacceptable”. bit.ly/3QECxmL

The Guardian

– Informa has suffered a bruising shareholder revolt against a 2.7 million pounds ($3.33 million) pay package handed to its chief executive, Lord Carter, the former Ofcom boss and aide to Gordon Brown. bit.ly/3QEA2kn

– British Prime Minister Boris Johnson has suggested that his ethics adviser resigned in a row over protection for the British steel industry, after being asked for a view about potentially breaking the UK’s obligations to the World Trade Organization. bit.ly/3tGU43v

The Telegraph

– Twitter staff hoping for reassurance from their future boss have been left disappointed after Elon Musk used his first address to tell them job cuts are top of his agenda. bit.ly/3Oig3Wv

Sky News

– The Bank of England has raised interest rates for the fifth time in a row to 1.25% and set the scene to act more “forcefully” ahead because of a mounting inflation threat. bit.ly/3b6YgmV

– McDonald’s has agreed to pay France 1.2 billion euros ($1.26 billion) to settle a case in which the fast-food giant was accused of years of tax evasion. bit.ly/3OhfT1F ($1 = 0.8109 pounds) ($1 = 0.9492 euros)

(Compiled by Bengaluru newsroom)