📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

PRESS DIGEST- Financial Times - Jan 10

Published 10/01/2018, 12:22 pm
Updated 10/01/2018, 12:30 pm
© Reuters.  PRESS DIGEST- Financial Times - Jan 10
MKS
-
AAPL
-
RIO
-
TCS
-

Jan 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

UK squeezes extra 136 mln stg tax payment from Apple

(http://on.ft.com/2ALjYVu)

Burger chain Byron eyes restaurant closures as part of rescue plan

(http://on.ft.com/2AK1a9l)

UK counter-terrorism police chief to step down

(http://on.ft.com/2CWtT0l)

Marks and Spencer aims to trim technology bill with new IT plan

(http://on.ft.com/2CYNZHH)

Rio Tinto set to sell Dunkerque aluminium smelter to UK's 'Man of Steel'

(http://on.ft.com/2CUZyiM)

Overview

Apple Inc AAPL.O has been forced to pay an extra 136 million pounds tax bill in the United Kingdom after "an extensive audit" by HM Revenue & Customs in the latest crackdown affecting the U.S. tech giant. The payment was shown in the accounts of Apple Europe, one of the group's UK subsidiaries, which said "this payment of additional tax and interest reflects the company's increased activity".

Burger chain Byron said on Tuesday 20 of its 67 outlets across the UK, which employ about 1,800 people, could be closed as part of a sweeping restructuring plan, known as a company voluntary agreement.

Britain's counter-terrorism police chief Mark Rowley was to step down, in a move that risks complicating the struggle against extremist violence amid a sharp upturn in the threat. Rowley, Assistant Commissioner for Specialist Operations of the Metropolitan Police, was leaving policing to "pursue other challenges," the Metropolitan Police Service said.

British retailer Marks and Spencer Group Plc MKS.L , which is battling to turn itself around, said it would cut its technology bill by reducing suppliers and focus its IT business on India's Tata Consultancy Services Ltd TCS.NS as principal technology partner.

Rio Tinto RIO.L has accepted an offer for its Dunkerque aluminium smelter, Europe's biggest producer of the lightweight metal, from acquisitive UK industrialist Sanjeev Gupta. The planned purchase, which could be announced as soon as Wednesday, is the latest in a spree of deals by Gupta.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.