News Digest – UK Business – 20 January

Jan 20 (Reuters) – Here are the headlines from the business pages of British newspapers. Reuters has not verified the reports or vouched for their accuracy.


Chancellor of the Exchequer Jeremy Hunt wants to extend the 5p cut in petrol and diesel prices for another year if the economic outlook improves, accepting the “precedent” of freezing fuel duties.

Folk-rock pioneer David Crosby has died at the age of 81, his family said.


A long-running pay dispute has been hoped for a breakthrough by the train operator with a new proposal to the RMT union for a 9 per cent pay rise for crew and station staff over two years.

The Guardian has revealed that fossil fuel company Shell has set aside more than $450m (£367m) to invest in carbon offset projects and plans to buy up half the current natural offset market each year.

The Telegraph

Netflix’s co-founder is stepping down as CEO after 25 years at the helm, ending what the company admits has been a “difficult year”.

NATO allies warned on Thursday that Germany must drop its opposition to sending tanks to Ukraine or Vladimir Putin’s forces could gain the upper hand in a war.

sky news

Lloyds Pharmacy is to pull 237 in-store Sainsbury’s branches, potentially putting more than 2,000 jobs at risk and exposing the financial strain on UK pharmacies at the height of the NHS crisis.

Argos will close all of its stores in the Republic of Ireland in June this year after “careful consideration”, the company said on Thursday.

Less than two years ago, maternity clothing chain Seraphine was set to be taken private at a fraction of its listing value. (Compiled by Bengaluru Newsroom)

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