Press Digest: British Business - April 29

Hipgnosis Songs Fund

29/04/2024 01:07

April 29 (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
    - Jeff Fairburn, who stepped down as chief executive of
Persimmon  PSN.L  amid an outcry over his "unfathomable" pay
package, is on a collision course with the American hedge fund
backer of his new venture.
    - HM Revenue & Customs is investigating the tax affairs of
Babylon Healthcare, the insolvent healthcare technology company
that was championed by Matt Hancock, the former health
secretary, and had links to the Conservative Party.
    
    
    The Guardian
    - Senior Whitehall officials fear Thames Water's financial
collapse could trigger a rise in government borrowing costs not
seen since the chaos of the Liz Truss mini-budget. 
    - Online casino company 888.com  888.L  will withdraw
adverts from locations including London's transport network
after a backlash against their tone, prompting criticism of the
capital's mayor, Sadiq Khan, for allowing them to appear in the
first place. 
        
    The Telegraph
    - Sir Robert Goodwill, a senior Tory MP, is preparing to
seek assurances from BHP  BHP.AX  over whether its attempted 31
billion pound ($38.71 billion) takeover of Anglo American
 AAL.L  will impact a major mining project in the north of
England. 
    
    
    Sky News
    - Private equity giant Blackstone  BX.N  is preparing to
lodge an improved bid for Hipgnosis Songs Fund  SONG.L , which
owns the music rights of artists including Shakira and Blondie.
    - Digital bank Monzo is putting the finishing touches to an
expanded fundraising of 500 million pounds ($624.40 million) in
a deal with British fund Hedosophia. 
        

($1 = 0.8008 pounds)

 (Compiled by Bengaluru newsroom)
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