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Funds News

PRESS DIGEST- British Business - Jan 22

Jan 22 (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

Superdry Plc has hired former Nike Inc executive Phil Dickinson as creative director amid a continued public battle with its co-founder, Julian Dunkerton. bit.ly/2DrZK89

The British government has been warned by cabinet minister Amber Rudd that there could be dozens of resignations next week if Conservative lawmakers are banned from voting for a plan to stop a no-deal Brexit. bit.ly/2MrGpa0

The Guardian

North-East England would suffer the biggest decline in economic output of any UK region by the middle of the 2030s if the country leaves the EU without a deal, according to an analysis of government figures by Britain's leading business lobby group. bit.ly/2RFI95i

A no-deal Brexit and a sharper slowdown in China are the biggest risks to growth in the global economy in 2019, the International Monetary Fund has warned in its latest economic outlook. bit.ly/2RYsUnm

The Telegraph

Lenders to Patisserie Valerie fear multimillion-pound loans will be almost completely wiped out by the potential collapse of Luke Johnson's troubled bakery chain. bit.ly/2T8QgUw

France's data watchdog has fined Alphabet Inc's Google 50 million euros ($56.86 million), using the EU's strict General Data Protection Regulation (GDPR) for the first time. bit.ly/2FPYmOb

Sky News

Activist investor Elliott Advisors is exploring plans to acquire a big stake in Dixons Carphone Plc following a slump in the mobile phone and electrical goods retailer's share price. bit.ly/2MljY6c

Cross-Channel freight trade could drop by between 75 percent and 87 percent for six months in the event of a "no-deal" Brexit, according to a Border Force document obtained by Sky News. bit.ly/2W1kcnk

The Independent

British government will scrap the 65-pound ($83.77) fee that EU citizens must pay if they want to remain in the UK after Brexit, Prime Minister Theresa May announced on Monday. ind.pn/2RFnTAx ($1 = 0.8794 euros) ($1 = 0.7760 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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