Press Digest: British Business - April 23

Hipgnosis Songs Fund

23/04/2024 03:42

April 23 (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
    - Keith Williams, the chairman of Royal Mail's parent
company, International Distributions Services  IDSI.L , has
urged Ofcom to speed up a service review as it fends off a 3
billion pounds ($3.71 billion) takeover approach.
    - Mounting pressure on the 6.5 trillion pounds ($8.03
trillion) private equity industry raises the risk of a crunch
that could cause big losses for banks and a crisis that spills
over into the real economy, the Bank of England has warned.

    The Guardian
    - Three co-founders of CVC Capital Partners have built up a
combined 2.6 billion euros ($2.77 billion) fortune, according to
the company's prospectus published in the run-up to its stock
market float.
    - Train drivers will strike again in early May in a series
of rolling 24-hour walkouts that will bring many services around
Britain to a halt.

    The Telegraph
    - City advisers are set to make almost 80 million pounds
from Nationwide's  NBS.L  planned 2.9 billion pounds Virgin
Money  VMUK.L  takeover.

    Sky News
    - The music giant BMG which counts Kylie Minogue, Lenny
Kravitz and Fatboy Slim among its roster of global artists has
expressed an interest in buying Hipgnosis Songs Fund  SONG.L .

    The Independent
    - British Parliament has finally passed Prime Minister Rishi
Sunak's "emergency" Rwanda bill but the legislation is set to
run into legal challenges that could still delay flights.


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 (Compiled by Bengaluru newsroom)
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