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PRESS DIGEST-British Business - June 5
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PRESS DIGEST-British Business - June 5
Jun 4, 2024 9:05 PM

June 5 (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

- Roman Silha, who heads mergers and acquisitions for

Kretinsky's investment vehicle EP Group, has met union bosses in

an attempt to convince them of the merits of 3.6 billion pounds

($4.60 billion) takeover of Royal Mail's parent company.

- Trafigura has settled a lawsuit brought by property and

metals tycoons the Reuben brothers over a cargo of nickel sold

to them that was part of a high-profile fraud.

The Guardian

- The Nordic countries are "way ahead" of the UK in telecoms

infrastructure and the government should look again at planning

laws to help improve poor connectivity, the chief executive of

BT Group has said.

- Czech tycoon Karel Komárek, who owns Allwyn via his

Switzerland-based holding company KKCG, will sever his last

remaining ties with Russia's state-owned energy company Gazprom

by the end of June.

The Telegraph

- Britain's biggest retailer Tesco ( TSCDF ) has rolled out a

digital "marketplace" to sell products ranging from office

furniture to giant chess sets, as the supermarket giant seeks to

challenge Amazon ( AMZN ) online.

- The boss of UK's MailOnline has warned that newsroom

tie-ups with artificial intelligence companies "will not be

enough to save the industry", as he raised concerns over tech

giants stealing website traffic.

Sky News

- A ransomware incident had a significant impact on the

delivery of services at some of London's busiest hospitals.

The Independent

- Prime Minister Rishi Sunak and Labour challenger Keir

Starmer went head-to-head on Tuesday over how to boost Britain's

economy, with the PM accusing the opposition party of wanting to

increase taxes if it wins power at a July 4 election.

($1 = 0.7827 pounds)

(Compiled by Bengaluru newsroom)

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