Press Digest: British Business - March 7

Esken

07/03/2024 24:36

March 7 (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
    - 888  888.L , the owner of William Hill, said it had ended
its partnership with Authentic Brands Group  AUTH.N , the owner
of the Sports Illustrated brand, through which it offered online
sports betting in four states in the U.S.   
- British wealth manager Quilter  QLT.L  said it would review
historical services provided to customers amid heightened
regulatory scrutiny of charging by fund managers.
    
    
    The Guardian
    - The UK business of the fast-fashion company Shein has
failed to disclose its ultimate ownership, a breach of company
law that could disrupt the firm's reported plans to consider
listing in the UK.   
- Esken  ESKN.L , said it had reached a deal over the 193.75
million pound ($246.72 million) debt that its subsidiary London
Southend airport owed to Carlyle  CG.O , where the US
private-equity group will take an 82.5% stake in the airport. 
     
    
    The Telegraph
    - UK-based Boots, a unit of Walgreens Boots Alliance
 WBA.O , has ordered thousands of staff to return to the office
five days a week as bosses prepare the retailer for a potential
stock market float.
    - AstraZeneca  AZN.L  is to spend 650 million pounds on
building a new vaccine factory in Liverpool and upgrading
research labs in Cambridge. 
    
    
    Sky News
- Katie Bickerstaffe, the joint chief executive of Marks &
Spencer  MKS.L , is to leave the company this year, handing over
the sole reins to Stuart Machin. 
    - The Coventry Building Society  CVB_p.L  has enlisted JP
Morgan to work alongside KPMG to strengthen its proposed
takeover of the Co-operative Bank.
    
    
    The Independent
    - British foreign minister David Cameron said he had a
"tough but necessary" conversation with Israeli minister Benny
Gantz about the humanitarian crisis in Gaza.
    
    
    


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