Press Digest: British Business - August 28
PRESS DIGEST-British Business - August 28 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
The flotation of Shein in Hong Kong next week is set to value the fast-fashion giant at $26.5 billion, about a quarter of its private-market peak.
A number of leading wealth managers have stopped recommending customers to put their money in an inheritance tax relief scheme run by Octopus Investments amid mounting questions about its fees and valuation methods.
The Guardian
Manchester, London Stansted and East Midlands airports have been hit by a cyber-attack in which hackers accessed the data of about 8.7 million customers.
The owner of Zara ITX.MC is taking on Primark, Shein and the supermarkets with the launch of its cut-price chain Lefties in Britain.
The Telegraph
The boss of British Gas's owner Centrica CNA.L has warned the UK risks fuel shortages this winter as stockpiles fall
Sky News
Mark Mullen, who has been Atom Bank's chief executive IPO-ATBK.L since 2014, is to relinquish his role in the coming weeks.
The Independent
Chancellor John Healey has said Government investment in a tungsten mine in Devon will help bolster Britain's defence and nuclear industries.
British Prime Minister Andy Burnham has said rising energy bills are "difficult" for people after Ofgem raised its price cap by 4% to a three-year high and analysts forecast a further 9% hike from January.
(Compiled by Bengaluru newsroom)