PRESS DIGEST-British Business – July 1

July 1(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

– Senior Wirecard employees were linked to an opaque network of British companies associated with alleged money laundering.

– Nearly 2,000 UK-based flight and cabin crew are set to be laid off by Easyjet as the short-haul airline also moves to close its bases at Stansted, Southend and Newcastle airports.

The Guardian

– Downing Street is to set up a cross-departmental unit called the “office for talent” as a way to help leading scientists, researchers and others live and work in the UK in the post-Brexit immigration system.

– The government may be close to announcing a U-turn on its controversial decision to allow Huawei to supply 5G technology, the culture secretary has hinted by saying U.S. sanctions appear likely to affect the Chinese company.

The Telegraph

– Furniture retailer Harveys has collapsed into administration as the high street fights to recover from lockdown.

– TM Lewin stores will disappear from the high street after it became the latest retailer to collapse into administration at the cost of 600 jobs.

Sky News

– SSP Group Plc, which has seen its revenues decimated by the impact of the pandemic on international travel, will unveil plans to axe up to 5,000 jobs in a statement to the London Stock Exchange.

– Cineworld has delayed the reopening of its UK and U.S. cinemas by more than two weeks to coincide with the release of upcoming films.

The Independent

– Aerospace giant Airbus is to cut 1,700 jobs in the UK in response to the impact of the coronavirus pandemic.

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