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British Business – July 2,

Posted to Maritime Reporter on July 2, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports.

The Times

Revolut's profits reached record levels last year, thanks to higher interest rates.

The unions at the Port Talbot Steel Plant, owned by Tata Steel, have suspended a planned strike for next week. They hope to hold talks about future investments at the site.

The Guardian

Thames Water was urged to be more transparent about its finances, after it was revealed that its board approved a dividend of 150 million pounds just hours before shareholders reversed their decision on emergency funding.

Harland & Wolff, a shipbuilder, has temporarily suspended trading of its shares due to accounting issues that prevented it from submitting audited financial statements on time.

The Telegraph

Royal Mail was criticised by the Postal Minister for not delivering votes on time. Delays in the delivery of postal ballots across the country forced Royal Mail to scramble in order to count the ballots in time for general elections.

After the split of Spirit AeroSystems by Boeing and Airbus, the future of a large British aerospace plant in question is uncertain. Up to 2,400 jobs are at risk.

Sky News

When the deal is completed, the wealth of Preqin’s founder will surpass that of BlackRock’s Larry Fink. The deal will increase the fund giant’s private markets interests.

Steve Varley, former head of EY UK and Ireland will be appointed chairman of DWF this week, the first London-listed law firm.

The Independent

Rishi Sunak, UK's prime minister, has refused to confirm if he would resign as leader of the Conservative Party if his party lost the general elections.

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