Press Digest: British Business - October 20
PRESS DIGEST-British Business - October 20 Oct 20 (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
Crypto investor Lewis Barber is suing BitMEX for £20 million ($26.63 million), alleging it offered crypto derivative products to investors in the UK, despite not being regulated or approved by the Financial Conduct Authority.
UK retailer John Lewis Partnership is expanding its rapid delivery service through tie-ups with Deliveroo and Uber Eats in an attempt to improve sales.
The Guardian
British Prime Minister Andy Burnham told officials to reconsider Thames Water rescue plans, including converting about £100 million of outstanding fines into a government stake in the company.
Britain’s media regulator Ofcom is investigating former BBC presenter Huw Edwards' complaint about a Channel 5 drama depicting his downfall.
The Telegraph
Barclays BARC.L has drawn scrutiny from the Bank of England's Prudential Regulation Authority citing concerns that its traders understated the risks of opaque private credit loans.
GB News is launching an all-British music radio station next month, as it seeks to expand beyond television.
Sky News
B&M European Value Retail BMEB.L is looking to acquire a small number of stores from troubled rival Poundland.
Ride-hailing app Uber UBER.N won its bid to dismiss two linked lawsuits seeking around £340 million, brought by thousands of London black cab drivers and two former private hire companies.
($1 = 0.7509 pounds)
(Compiled by Bengaluru newsroom)