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PRESS DIGEST-British Business - April 23
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PRESS DIGEST-British Business - April 23
Apr 22, 2024 8:05 PM

April 23 (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

- Keith Williams, the chairman of Royal Mail's parent

company, International Distributions Services, has

urged Ofcom to speed up a service review as it fends off a 3

billion pounds ($3.71 billion) takeover approach.

- Mounting pressure on the 6.5 trillion pounds ($8.03

trillion) private equity industry raises the risk of a crunch

that could cause big losses for banks and a crisis that spills

over into the real economy, the Bank of England has warned.

The Guardian

- Three co-founders of CVC Capital Partners have built up a

combined 2.6 billion euros ($2.77 billion) fortune, according to

the company's prospectus published in the run-up to its stock

market float.

- Train drivers will strike again in early May in a series

of rolling 24-hour walkouts that will bring many services around

Britain to a halt.

The Telegraph

- City advisers are set to make almost 80 million pounds

from Nationwide's planned 2.9 billion pounds Virgin

Money takeover.

Sky News

- The music giant BMG which counts Kylie Minogue, Lenny

Kravitz and Fatboy Slim among its roster of global artists has

expressed an interest in buying Hipgnosis Songs Fund ( HPGSF ).

The Independent

- British Parliament has finally passed Prime Minister Rishi

Sunak's "emergency" Rwanda bill but the legislation is set to

run into legal challenges that could still delay flights.

($1 = 0.8095 pounds)

($1 = 0.9387 euros)

(Compiled by Bengaluru newsroom)

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