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HomePRESS DIGEST-British Business - Dec. 13

PRESS DIGEST-British Business – Dec. 13

Dec 13 (Reuters) – Here are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not guarantee their accuracy.

Times

– The maker of Marmite and Hellmann’s mayonnaise, Unilever, will be investigated by the UK’s competition watchdog over concerns that consumers are being misled by “green” claims on some household products their essentials.

– UK City regulator the Financial Conduct Authority has told investment and pensions platforms to stop profiteering from the interest they earn on customers’ cash balances after the industry achieved a boom thanks to higher interest rates.

Guard

– Britain’s largest drugmaker AstraZeneca is buying its first vaccine company Icosavax in a $1.1 billion deal aimed at expanding its vaccines and immunotherapy business. company set up during the Covid pandemic.

– UK’s Thames Water apologized to a House of Commons committee for causing confusion by describing a 500 million pound ($628.40 million) shareholder loan as equity.

Telephone

– American owner Boots is considering listing its £7 billion ($8.80 billion) luxury pharmacy chain in the UK in plans that could give a much-needed boost to London’s ailing stock market.

– Telegraph contractor RedBird IMI has taken the lead in the race to buy the British production company behind TV shows such as Gogglebox and The Traitors, which is expected to fetch at least £1bn (1, 26 billion USD) in the auction.

Sky news

– A coalition of some of Britain’s best-known banks is demanding representation in the Labor Party’s financial services policy review, which is dominated by the bosses of FTSE 100 companies.

– Private equity firm Mayfair, which has backed Ovo Energy and maternity clothing chain Seraphine, is in advanced talks to acquire a majority stake in Trusted Housesitters, the pet care business worth about 100 million pounds ($125.68 million).

Independence

– UK Prime Minister Rishi Sunak won a tough vote on his flagship Rwanda policy, after MPs on Tuesday night passed the Secure Rwanda Bill at second reading with 313 votes to 269, majority 44.

($1 = 0.7957 British pounds) (Compiled by Bengaluru newsroom)

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