British Business – February 11,

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports.

The Times

The UK government extended subsidies to Drax Biomass Power Station worth up to two billion pounds (2,47 billion dollars) over a period of four years.

Patrick Thomas, the chairman of Johnson Matthey will step down from his position in July, amid criticisms by its largest shareholder over its performance and strategy.

The Guardian

Steelmakers in the UK warn that new U.S. 25% tariffs on imports of steel and aluminum will severely harm the industry and threaten employment.

The Telegraph

Shein has abandoned its plans to build a UK-based warehouse due to increasing regulatory pressures. This, coupled with scrutiny of its supply chain and increased regulatory pressures, cast doubt on the planned London listing.

Direct Line's shareholders will vote to accept Aviva’s offer of 3.6 billion pounds on 10 March. The deal is expected to be completed by the middle of this year.

Sky News

Unilever has reached a deal worth 230 million pounds to purchase Wild, a premium cosmetics refillable brand. This is part of Unilever's strategy to expand its personal care product portfolio.

(source: Reuters)