Press Digest: British Business - June 17

Hipgnosis Songs Fund

17/06/2024 02:20

June 17 (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
    - Investors push housebuilder Crest Nicholson  CRST.L  to
agree Bellway  BWY.L  deal after rejecting a 667-million-pound 
($845.82 million) offer. 
    
    - Blackstone  BX.N  has taken a step of paying directors at
Hipgnosis Songs Fund  SONG.L  an extra 250,000 pounds in fees
for the "increased workload" associated with getting the 1.2
billion pound sale of the music rights specialist over the line.
    
    
    The Guardian
    - Britain's largest manufacturers are expecting orders and
output to increase dramatically in the second half of the year,
even as a shortage of skilled workers is threatening the ability
of some companies to do business, according to a survey of 320
companies by the trade body Make UK. 
    
    - British Sandwich and wrap manufacturer This has recalled
one of its products after an E coli outbreak that has left 67
people in hospital and more than 200 in total seriously ill,
saying it is a precaution. 
    
        
    The Telegraph
    - Mark Zuckerberg leads 18 million pound funding round in
Paul McCartney-backed start-up Yoto, developing a screen-free
audio player for children.
    
    - Lingotto Investment Management, which was set up by
Italy's industrialist Agnelli family, reported a 53.5 million
pounds profit for the year ending December 2023, up
significantly from 16.3 million pounds in the prior year.
    
    
    Sky News
    - Venture capital firm Hambro Perks to be renamed Salica
Investments following the death and resignation of its two
co-founders, Rupert Hambro and Dominic Perks respectively. 
    
    - Rosebank Industries' founder, Simon Peckham, is in talks
to raise more than 40 million pounds from investors ahead of a
flotation on London's junior AIM market
    
    The Independent

    - Conservative party member and leader of the House of
Commons of UK, Penny Mordaunt issued a rallying call to
beleaguered Tories that the election result is "not a foregone
conclusion" – but conceded that her party is now very much "the
underdog".
    
     ($1 = 0.7886 pounds)

 (Compiled by Bengaluru newsroom)
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