Monday newspaper round-up: Wages, TSB, Prosus, Saudi Aramco
More than 210,000 workers in Britain are to receive a pay rise after the charity behind the living wage increased the national minimum hourly rate by 30p to £9.30. The Living Wage Foundation, which sets the voluntary measure, said London workers’ basic hourly rate will also rise, by 20p to £10.75, compared with the government’s “national living wage” of £8.21 for workers aged 25 years or older. - Guardian
TSB is considering closing up to 100 branches, according to a trade union source, in a move that could put 400 jobs at risk. The challenger bank has been working to repair its reputation following its IT meltdown last year but is looking for around £100m in cost savings, with its 544-strong branch network under scrutiny. - Guardian
Tech giant Prosus is warning Just Eat investors that it will walk away from its pursuit of the delivery company if they back a rival plan to merge with Takeaway.com. Despite being armed with a €20bn (£17bn) warchest, boss Bob van Dijk is telling Just Eat shareholders that Prosus is not interested in buying both companies. - Telegraph
The risks facing potential investors in Saudi Arabia’s state-owned oil producer have been laid bare as the company prepares for what will be the world’s biggest initial public offering. Saudi Aramco has published the prospectus for its listing on the Tadawul stock exchange in Riyadh, a flotation that that could value the business at $1.5 trillion. - The Times
The boss of the Co-op retail business has called on the next government to combat abuse and violence towards shop workers after revealing that thousands of employees have become victims since a consultation closed in the summer. In a letter to The Times, Jo Whitfield, chief executive of Co-op Retail, said that 7,500 colleagues had been subjected to verbal abuse, 800 to physical violence or threats and 500 had been attacked with a weapon, including knives, syringes and hammers, in the time after the closure of a Home Office call for evidence in June. - The Times