Press Digest: British Business - May 20

Birks

20/05/2022 01:36

May 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
    
    - Billions could be wiped off the valuation of Klarna, the
"buy now, pay later" fintech business, amid regulatory scrutiny,
increased competition and a broader sell-off of technology
shares. https://bit.ly/3lrwJOV    
    
    
    The Guardian
    
    - Property tycoon Nick Candy is considering making an offer
to buy the 1.4 billion pound ($1.75 billion) online shopping
group THG PLC  THG.L , which recently said it had rejected
numerous "unacceptable" takeover approaches that undervalue the
company. https://bit.ly/3Lvo34A
    
    - The domestic repair and emergency services business
HomeServe PLC  HSV.L  accepted an offer from Canadian investment
group Brookfield Asset Management Inc.  BAMa.TO  on Thursday
that values the business at 4.1 billion pounds ($5.11 billion).
https://bit.ly/3G67fQz
    
    
        
    The Telegraph
    
    - UK Health Secretary Sajid Javid is under pressure to ban
work with a blacklisted Chinese genomics firm  BGI Group
 300676.SZ  over concerns it has been used to suppress the
country's Uyghur population. https://bit.ly/3lt8RKU
    
    - Tesco PLC  TSCO.L  will ban 'buy-one-get-one-free' offers
on unhealthy food and drinks this autumn despite the UK
government decision to delay a crackdown on junk food deals for
another year. https://bit.ly/38FH8Uf
    
    
    
    Sky News
    
    - Royal Mail PLC  RMG.L  has signalled it will raise prices
as it takes more aggressive action on costs in the face of
soaring inflation. https://bit.ly/3wsBspY
    
    - The audit firm KPMG warned some of Britain's biggest
companies that they faced substantial increases in their audit
fees just weeks before giving thousands of staff substantial pay
rises. https://bit.ly/3sMEhQq
 
    
    
    
    The Independent
    
    - Britain's airline, easyJet PLC  EZJ.L , lost 3 million 
pounds ($3.74 million) per day between October 2021 and March
2022. But its boss believes the carrier will be "a winner in the
post pandemic recovery of European aviation". https://bit.ly/3yTpEyJ
    
    
    ($1 = 0.8021 pounds)

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