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 Telegraph – Stellantis, the Italian-French automaker, is in talks with CATL, the world’s largest maker of batteries for electric vehicles (EVs), to form a joint venture to produce cheaper power cells. Meanwhile, Chancellor Jeremy Hunt announced that the minimum wage in the UK will increase by 1 pound an hour to 11.44 pounds from next April, providing a boost to almost three million of the poorest workers.
The Guardian – The outcome of the Brexit vote and years of political uncertainty it triggered have had a chilling impact on business investment in Britain, according to a deputy governor of the Bank of England. Europe’s energy and electric vehicle industries could alleviate this uncertainty and reduce their dependency on scarce raw materials from China after Northvolt launched a “breakthrough” sodium-ion battery.
Sky News – Deliveroo’s riders cannot be represented by a trade union for collective bargaining purposes, ruled the UK’s highest court. Additionally, Shell’s electricity, phone and broadband provider arm was fined 1.4 million pounds by the communications regulator for breaking customer protection rules.