Press Digest: British Business - June 4

Hipgnosis Songs Fund

04/06/2024 04:18

June 4 (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
    - Peter Hugh Smith, chief executive of investment manager
CCLA Investment Management, which oversees about 14 billion
pound ($17.93 billion) of assets and is an investor in Amazon
 AMZN.O , said reports that Chinese fast fashion group Shein was
eyeing a float in the UK were "worrying".
    - Blackstone  BX.N  on Monday raised its offer for Hipgnosis
Songs Fund  SONG.L  by a cent to $1.31 per share, valuing the
music rights owner of artists such as Shakira and Red Hot Chili
Peppers at $1.58 billion.
    
    The Guardian
    - Britain's opposition Labour Party has indicated its
support for Shein's potential London listing, as the Chinese
online fashion company prepares to push the button on the UK’s
biggest ever stock market flotation.
    -  Britain's main opposition Labour Party is set for its
biggest ever victory in next month's general election, winning
by a larger margin than in 1997 under former prime minister Tony
Blair, opinion pollsters YouGov said on Monday.
        
    The Telegraph
    - The president of Emirates airline Tim Clark said on Monday
that Heathrow is in dire need of investment and is "seriously
lagging" behind rival airports
    - Nigel Farage, who helped champion Britain's departure from
the European Union, said on Monday he would stand as a candidate
in next month's election and will lead the right-wing Reform
Party in a major blow to Prime Minister Rishi Sunak.
    
    Sky News
    - Richard Branson's Virgin Atlantic has said it will resume
flights between London Heathrow and Israel after it suspended
them after the beginning of the conflict with Hamas.
    
    
    The Independent
    - British Prime Minister Rishi Sunak on Monday promised to
introduce a legal cap to curb immigration levels if re-elected,
taking aim at one of the main issues facing the country ahead of
next month's national vote.
    


($1 = 0.7809 pounds)

 (Compiled by Bengaluru newsroom)
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