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PRESS DIGEST-British Business - Nov. 18
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PRESS DIGEST-British Business - Nov. 18
Nov 17, 2024 5:42 PM

Nov 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

- The overseas takeover of Royal Mail is set to come under

scrutiny from MPs on the newly formed Commons business and trade

select committee.

- Online fast-fashion giant Shein is targeting early next

year for its 50 billion stg blockbuster float on the London

Stock Exchange.

The Guardian

- Big UK businesses are urging the government to stick to

current electric car targets as struggling carmakers pile

pressure on ministers to relax the rules before industry talks

this week.

The Telegraph

- Thousands more investors are seeking to sue Hargreaves

Lansdown over Neil Woodford's failed equity fund,

claiming the investment platform continued to recommend the

product even as it ran into issues.

- The Ministry of Defence (MoD) has completed the first

trial-firing of a ship-destroying missile viewed as vital to

Britain's ability to combat Russia's navy and air defences.

Sky News

- Cineworld's hedge fund backers are drawing up

plans for a 2026 stock market listing in the US the company

prepares to complete a restructuring of its operations.

- British Prime Minister Keir Starmer has said he will

defend the decisions made in the budget "all day long" amid

anger from farmers over inheritance tax changes.

(Compiled by Bengaluru newsroom)

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