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PRESS DIGEST-British Business - May 14
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PRESS DIGEST-British Business - May 14
May 13, 2024 8:26 PM

May 14 (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

- Anglo American rejected a raised takeover offer of

34 billion pounds ($42.67 billion) from BHP Group ( BHP ) on

Monday, saying the world's largest listed miner "continues to

significantly undervalue" the company.

- JPMorgan Chase ( JPM ) has pledged a further 40 million

pounds ($50.22 million) in philanthropic investments in the UK

over five years in a sign of its increasing focus on Britain.

The Guardian

- Former UK chancellor Nadhim Zahawi is to become the chair

of Very Group, the online retailer owned by the billionaire

Barclay family, days after announcing that he would step down as

a Conservative MP at the next general election.

The Telegraph

- Astrazeneca ( AZN ) and GSK pledged 430 million

pounds ($539.87 million) of investment in France after a charm

offensive by Emmanuel Macron.

Sky News

- Ultimate Performance, an upmarket health and fitness

platform, has struck a deal to fuel its expansion by selling a

stake to Inflexion, the private equity firm.

- British union Unite members at the Dounreay plant in the

Scottish Highlands plan to take 24-hour strike action on

Wednesday after rejecting a revised pay offer from their

employer Nuclear Restoration Services (NRS).

($1 = 0.7965 pounds)

(Compiled by Bengaluru newsroom)

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