May 16 (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
- British's software services provider Wireless Logic's
chief executive said that U.S. investment firm General Atlantic
has acquired a minority stake for an undisclosed sum in the
global business.
- Discount retailer B&M named retail industry
veteran Tjeerd Jegen as its new CEO and said he will take over
from interim boss Mike Schmidt on June 16.
The Guardian
- British ministers plan to use new powers to block bosses
from Britain's largest water supplier Thames Water taking
bonuses worth hundreds of thousands of pounds as the company
fights for survival.
- Social media app TikTok was charged by EU tech regulators
with breaching EU online content rules, putting its owner
ByteDance at risk of a fine of as much as 6% of its global
turnover.
The Telegraph
- Irish Food Group Greencore's CEO Dalton Philips
said that British retailers are unlikely to start importing U.S.
beef citing concerns about U.S. food standards despite Britain's
trade deal with U.S. President Donald Trump.
- Britain's Virgin Media O2's Spanish co-owner Telefonica is
said to be exploring a full takeover of the telecoms giant amid
a shake-up triggered by Spain's Prime Minister Pedro Sanchez.
Sky News
- Britain's Treasury is drawing up plans to advertise for a
chief executive to replace Sam Woods at the Prudential
Regulation Authority (PRA) next year.
- Britain's proposed assisted dying law for terminally ill
people will be debated in parliament on Friday, when lawmakers
consider changes to the legislation, ahead of the next vote on
whether to proceed with the historic law or scrap it.
(Compiled by Bengaluru newsroom)