Press Digest: British Business - August 23

Activision Blizzard

23/08/2023 01:38

Aug 23 (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
    Tesco  TSCO.L  has grown its share of the grocery market due
to the success of its Clubcard loyalty scheme and price-matching
with Aldi, latest figures show.
    
    Rene Haas, who has led the British chip designer Arm for 18
months, is set to receive cash and shares worth $40 million in
what could be America's biggest stock market debut in nearly two
years
    
    The Guardian
    Fast-track grocery service Getir is to cut about 2,500 jobs
across five countries including the UK in the latest sign of
waning demand in the delivery market.
    
    Microsoft  MSFT.O  has made changes to its proposed takeover
of the video game maker Activision Blizzard  ATVI.O  as it tries
to win over the UK competition regulator that blocked the $69
billion deal.
        
    The Telegraph
    Elon Musk is being courted to attend a major investor summit
in London later this year in a show of strength for Britain,
after the Tesla TSLA.O   billionaire snubbed the UK in favour of
France.
    
    Half of all indebted businesses will be struggling by end of
this year, Bank of England has warned.
    

    Sky News 
    Amazon  AMZN.O  has said that Prime customers will face an
extra charge on certain deliveries from next month.
    
    ($1 = $1.0000)

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