July 18 (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
- CVC, the private equity backer of Six Nations Rugby is
weighing up a bid for The Telegraph as the newspaper is put up
for sale for a second time in 12 months.
- Nationwide members have given their near-unanimous
backing to Debbie Crosbie to remain as chief executive, despite
doubts about the proposed 2.9 billion pounds ($3.77 billion)
tie-up with Virgin Money.
The Guardian
- The Body Shop is close to being bought out of
administration after it agreed to exclusive rescue talks with a
consortium led by the British cosmetics tycoon Mike Jatania.
- The TUC has insisted the battle for union recognition at
Amazon ( AMZN ) will go on, after workers at the US retailer's
Coventry warehouse rejected the right to collective bargaining
by a majority of just 29 votes.
The Telegraph
- Europe's biggest bank HSBC ( HSBC ) has named Georges
Elhedery, its first Mandarin-speaking chief executive, amid
investor pressure to shift its headquarters to China.
- Britain has become the first country in Europe to approve
lab-grown meat, paving the way for cultivated chicken to be sold
in pet stores as early as this year.
Sky News
- An arm of BlackRock ( BLK ), the world's biggest asset
manager, is plotting a bid to acquire a big stake in a major
contractor to Thames Water even as the UK's largest water
utility hovers close to collapse.
- Inspired Pet Nutrition, which is owned by the private
equity firm Capvest, is in talks to buy independent rival
Butchers.
The Independent
- Opponents of Brexit have warned that the latest figures
from the International Monetary Fund (IMF) confirm that leaving
the EU "has drained the life out of the British economy".
($1 = 0.7692 pounds)
(Compiled by Bengaluru newsroom)