PRESS DIGEST- British Business – Feb. 7

Feb 7 (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 – Three Thai billionaires are competing for Tesco’s Thailand and Malaysia operations in the second round of an auction that could value the division at as much as $7 billion. – Sir Michael Fallon, the former defence secretary, has joined Genel Energy as one of several new directors on the oil producer’s board. The Guardian – The UK government is preparing to reverse plans put forward last year to cut import tariffs on most goods coming to the UK under proposals for post-Brexit trade agreements. The Telegraph – Hargreaves Lansdown’s largest investor Peter Hargreaves will sell shares worth about 500 million pounds ($646.35 million) in the business he co-founded via a sale to institutional investors.​​​​​​​ – Jaguar Land Rover said lines at its Solihull and Castle Bromwich factories will halt for half and full-day stoppages on selected days over the next few months. Sky News – The UK will “drive a hard bargain” as it seeks trade deals with the U.S. and other countries that benefit consumers and businesses while maintaining standards, International Trade Secretary Liz Truss has said. – The new head of the John Lewis Partnership has warned colleagues more store closures and job losses lie ahead unless its financial performance improves.

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