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PRESS DIGEST-British Business - August 9
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PRESS DIGEST-British Business - August 9
Aug 8, 2024 8:43 PM

Aug 9 (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

- Lord Saatchi's offer to buy the Telegraph newspapers for

350 million pounds ($446.39 million) has been rejected by the

Abu Dhabi-backed firm controlling the sale.

- Britain's Universities Superannuation Scheme sold its

entire 80 million pounds holding of Israeli bonds between

February and July this year.

The Guardian

- British Airways is halting flights to Beijing from Oct.

26 until November 2025, it said on Thursday without elaborating

on the reason, as European carriers struggle with a ban on

flying over Russian airspace.

- Barclays ( JJCTF ) has become the latest bank to

substantially raise a cap on bonuses for its top bankers, an

internal memo seen by Reuters showed on Thursday.

The Telegraph

- Far-right rioters in Britain jailed over recent disorder

could be released from prison early under the government's

scheme to tackle overcrowding.

- A donor to Britain's ruling Labour party, Ian Corfield,

who has given more than 20,000 pounds to the party's senior

politicians has been appointed to a top civil service role at

the Treasury department.

Sky News

- Britain's competition watchdog said on Thursday it had

started an investigation into whether Amazon's ( AMZN )

partnership with AI startup Anthropic raised competition, days

after it began a similar probe on Alphabet's collaboration with

the startup.

($1 = 0.7841 pounds)

(Compiled by Bengaluru newsroom)

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