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PRESS DIGEST-British Business - May 15
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PRESS DIGEST-British Business - May 15
May 14, 2024 9:21 PM

May 15 (Reuters) - 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 is considering a stock market

flotation of De Beers under plans to break up the miner's

sprawling operations and see off a 34 billion pound ($42.83

billion) takeover approach by BHP.

- Revolution, one of Britain's biggest bar

operators, said the first phase of the formal sales process and

M&A process has not resulted in any proposals relating to the

acquisition of the company.

The Guardian

- The boss of Tesco ( TSCDF ), Britain's largest supermarket

group, saw his pay package more than double to almost 10 million

pounds($12.60 million)in its 2023/24 financial year, a period

when millions of its customers battled a cost of living crisis.

- Stellantis ( STLA ) will sell cheap electric cars made

by its Chinese partner Leapmotor in Europe, including the UK, as

it criticised Joe Biden's decision to impose a 100% tariff on

Chinese EVs imported to the US.

The Telegraph

- British power company Drax ( DRXGF ) has drawn up plans for

the world's first wood-powered cargo ship, claiming that the

controversial power source can help to cut greenhouse gas

emissions from sea freight.

Sky News

- Klarna, which is setting up a new UK-based holding

company, is now zeroing in on a New York listing early next

year.

($1 = 0.7938 pounds)

(Compiled by Bengaluru newsroom)

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