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PRESS DIGEST-British Business - April 10
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PRESS DIGEST-British Business - April 10
Apr 9, 2024 5:34 PM

April 10 (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

- HSBC ( HSBC ) is selling its business in Argentina and

booking a $1 billion loss on the deal, the bank said on Tuesday,

as it continues to shrink its once globe-spanning empire to

focus on Asia.

- British clothing retailer Next and fashion group

Frasers ( SDIPF ) have expressed an interest in buying fashion

group Ted Baker's European retail division.

The Guardian

- The Sun lost 66 million pounds($83.64 million) last year

and its online audience dropped by 4 million readers as the

newspaper continued to grapple with the fallout from the

phone-hacking scandal.

The Telegraph

- The EU will investigate subsidies received by Chinese

suppliers of wind turbines destined for Europe, in the bloc's

latest move to shield domestic firms from cheap clean tech

products.

- Lionel Desclée, the chief executive of Very Group, has

quit after less than two years in the job, as lenders circle the

Barclay family's retail empire.

Sky News

- CVC Capital Partners is considering unveiling plans for

its third attempt to go public in the Netherlands within the

next fortnight, even as fresh signs of market volatility cast

doubt on the prospective timetable.

The Independent

- Ola said on Tuesday it was exiting its ride-hailing

businesses in the UK, Australia and New Zealand as the startup

focuses on its home market India, where it is locked in a battle

for market share with Uber ( UBER ).

($1 = 0.7891 pounds)

(Compiled by Bengaluru newsroom)

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