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Press Digest: British Business - September 18

PRESS DIGEST-British Business - September 18

- 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

  • European cinema operator Vue is exploring strategic options, including a possible sale or a London listing at a valuation of about £1.5 billion ($2.00 billion).

  • Barclays BARC.L is facing pushback over plans to force staff back to the office, with multiple employees calling for a reversal, payment to cover travel costs and an exemption for those living more than 40 minutes away.

The Guardian

  • Meta's META.O oversight board criticised the company for having inadequate safeguards and ordered it to remove deep fake videos of a British politician and a young Muslim woman from Facebook.

  • Addison Lee founder John Griffin, owes £20.5 million in tax after a tribunal dismissed his claim to non-domiciled status, despite living in the UK since childhood.

The Telegraph

  • Johnnie Walker and Bell’s whisky supplies are facing disruptions as more than 100 workers at maker Diageo’s DGE.L Scottish distillery are preparing to go on strike over its plans to cut 10 jobs.

  • Apple AAPL.O has called on the UK Home Office to admit that it secretly orderedthe company to create a “backdoor” into iPhones.

Sky News

  • British AI predictions start-up ManticAI has raised over $20 million from a funding round led by Balderton and Radical Ventures, with participation from M12, Microsoft's MSFT.O venture capital fund.

  • Manchester-based payments company Ryft has raised £20 million from a fundinground led by Gresham House Ventures.

The Independent

  • Revolut founder Nik Storonsky said that the bank is considering a dual stock market listing in New York and London.

($1 = 0.7487 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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