Press Digest: British Business - May 13

Hipgnosis Songs Fund

13/05/2024 24:56

May 13 (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
    - A commercial plane with an "un-jammable" navigation system
powered by quantum technology has been trialled in the UK in a
world first.
    
    - ITV, Channel 4, Sky, Guardian Media Group and News UK,
publisher of The Times, have told the government that the BBC's
plan to introduce adverts around its podcasts and on-demand
radio shows would be "disastrous."
    
    
    The Guardian
    - Merck Mercuriadis, the founder of music company Hipgnosis
Songs Fund SONG.L   has accused his former business partner of
using the proceeds of fraud to fund their collapsed venture,
court documents show.
    
    - The British Home Office is being threatened with legal
action over concerns that children face being sent to Rwanda
because officials wrongly identify them as adults.
    
        
    The Telegraph
    - The sale of new petrol-fuelled motorcycles is set to be
banned from 2040, under plans due to be announced by ministers
as part of the British government's net zero crackdown.
    
    - UK's Labour Party's deputy leader Angela Rayner is
expected to be interviewed under caution by police in the coming
weeks over which of her two homes was her main residence. 
    
    
    Sky News
    - European asset manager Aermont is among the suitors vying
to buy Village Hotels, one of Britain's biggest mid-market hotel
chains which is owned by travel-and-leisure specialist KSL
Capital Partners, with KSL seeking offers worth in the region of
850 million pounds or more.
    
    
    The Independent
    - British Prime Minister Rishi Sunak is staging yet another
relaunch of his premiership with a general election on the
horizon, promising "bold ideas" to "create a more secure future
for you and your family."
    
    

 (Compiled by Bengaluru newsroom)
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