Press Digest: British Business - April 4
04/04/2023 24:41
April 4 (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
A shareholder revolt against a 481 million pounds ($597.50
million) private-equity takeover of Hyve HYVE.L is being led
by M&G Investments MNG.L , which claims that it significantly
undervalues the international exhibition company.
Ping An 601318.SS has increased pressure on HSBC HSBA.L
to break itself up after its asset management arm signalled
support for a campaign by a group of activist investors designed
to force the bank to spin off its Asian arm.
The Guardian
The troubled cinema chain Cineworld CINE.L has said it
will raise $2.3 billion in new funding as part of a plan to exit
bankruptcy and that it will terminate efforts to sell its US, UK
and Irish businesses.
More than 1.6 billion pounds will to be invested by water
companies in England in the next two years, the regulator,
Ofwat, has announced
The Telegraph
Glencore GLEN.L has launched a $22 billion bid for a rival
copper miner amid a growing battle for control of the world's
battery metals resources.
Elon Musk has stripped the New York Times NYT.N of its
Twitter blue tick and launched a scathing attack on the liberal
US newspaper.
Sky News
Railsr will announce on Tuesday the appointment of Philippe
Morel as its new chief executive.
Ultimate Fighting Championship owner Endeavor Group Holdings
Inc EDR.N and WWE WWE.N are combining to create a $21.4
billion sports entertainment company.
($1 = 0.8050 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))