Press Digest: British Business - Dec 12

Assetco

12/12/2023 24:35

Dec 12 (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
    - VBites, the vegan food business founded by Heather Mills,
has collapsed into administration amid rising raw material costs
and energy prices.
   - London-listed investment company Hipgnosis Songs Fund
 SONG.L  has sold about 20,000 songs for just over $23 million
as it seeks to cut debt amid uncertainties over its future.


   
    The Guardian
    - Police and national security bodies in the EU will be
banned from using real-time biometric data driven by artificial
intelligence in most circumstances without having judicial
authorisation, it has emerged.
    - The  London-listed mining company Anglo American  AAL.L 
could become a takeover target after warning of weaker than
expected production, analysts believe.
    
        
    The Telegraph
    - Gita Gopinath, the deputy managing director of the
International Monetary Fund (IMF), said "growing fault lines" in
the global economy, such as tensions between the U.S. and China
and Russia's invasion of Ukraine' had created permanent shifts
in the way countries do business.
    - Chinese Tesla  TSLA.O  staff had access to the private
data of over a hundred thousand of the carmaker's employees, a
whistleblower wrote to the Information Commissioner's Office
(ICO), the UK's privacy watchdog, warning that personnel in
China or Russia could access the data, creating a "significant
security risk". 

    
    Sky News
    - The fast-fashion giant Shein has held talks with the
London Stock Exchange about the possibility of staging a
blockbuster public listing in the UK, even after filing
documents paving the way for a flotation in New York.
    - AssetCo  ASTO.L , the fund management group founded by
Martin Gilbert, the City veteran, is in talks to absorb parts of
the firm jointly founded by Jacob Rees-Mogg, the former UK
cabinet minister.
    
    The Independent
    - In a huge blow to the UK Prime Minister Rishi Sunak, the
so-called "star chamber" of lawyers convened by Tories on the
European Research Group (ERG) said the Rawanda bill won't get
deportation flights started.
    - The UK Home Office plans to spend at least 700 million
pounds ($878.50 million) on managing migrants who arrive on
small boats during this decade, according to government
contracts.
    
    

($1 = 0.7968 pounds)

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