Press Digest: British Business - Aug 1

Activision Blizzard

01/08/2023 01:17

Aug 1 (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
    
    - Former Brexit party leader Nigel Farage has revealed that
he is in talks with NatWest Group  NWG.L -owned private bank
Coutts about keeping his bank account open.
    
    - Britain's Competition and Markets Authority has launched a
"very rare" consultation on Microsoft's  MSFT.O  attempt to
overturn its block on the $68.7 billion takeover of Activision
Blizzard  ATVI.O , setting the stage for a potential climbdown.
    
    The Guardian
    
    - British building and roofing products supplier Marshalls
 MSLH.L  is cutting another 250 jobs and has issued a profit
warning in the latest sign of the growing slump in the UK
housebuilding market.
        
    The Telegraph
    
    - Aston Martin  AML.L  will tap investors for 210 million
pounds ($269.51 million) in an effort to pay off its debt pile
which is weighing on the luxury carmaker. 
    
    - Britain's BT Group  BT.L  on Monday appointed Allison
Kirkby as CEO to replace Philip Jansen around the end of January
2024.
    
    Sky News
    
    - British Prime Minister Rishi Sunak has defended a planned
expansion of oil and gas drilling in the North Sea, claiming it
is "entirely consistent" with the government's goal to reach net
zero by 2050.
    
    The Independent
    
    - The UK has sanctioned six people following the
"unjustifiable" decision to reject an appeal from a
British-Russian dissident facing 25 years in jail for opposing
Russia's invasion of Ukraine.
    
($1 = 0.7792 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))