Press Digest: British Business - Dec 3
03/12/2024 01:30
Dec 3 (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
- UK's Conservative Party treasurer Graham Edwards has
emerged as the leading candidate to rescue the stricken Thames
Water in return for a major shareholding.
- Metals Exploration MTL.L , a London-listed goldminer
backed by the financier Nick Candy, has made a bid for rival
Condor Gold CNDR.L in a deal that could value the company at
about 67.5 million pounds ($85.39 million).
The Guardian
- British Finance Minister Rachel Reeves is to appoint a
health service and regulatory veteran, Tom Hayhoe, a former
Conservative cabinet adviser, as her Covid corruption
commissioner with the remit of clawing back billions in
fraudulent contracts.
- The wealth management company St James's Place SJP.L is
to planning to cut about 500 jobs as part of a 200-mln-pound
savings drive.
The Telegraph
- Second Home, an office space start-up founded by previous
Foreign Secretary David Cameron's former technology tsar is
preparing to appoint administrators as London offices grapple
with working from home.
- Jaguar's controversial new concept electric car has been
leaked online, showing the vehicle in Barbie pink. A Jaguar
spokesman said it was "aware" of the images circulating online
and said the colours were "Miami Pink and London Blue."
Sky News
- The Observer employees who move with the sale of world's
oldest Sunday newspaper to Tortoise Media will be offered
continued access to Guardian job openings as part of a
last-ditch compromise deal being offered ahead of the company's
first strike in decades.
- British software investor Hg Capital is selling
accountancy specialist Dext to Iris Software, another company it
backs, in a deal worth more than £500m.
($1 = 0.7905 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))