Press Digest: British Business - November 5
PRESS DIGEST-British Business - November 5 Nov 5 (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
-British culture minister Lisa Nandy formally intervened in Sky's proposed acquisition of ITV's ITV.L broadcast business, saying she had asked the Competition and Markets Authority and Ofcom to provide reports on the impact of the deal by January 27.
-HP HPQ.N named former GSK GSK.L chief and Microsoft MSFT.O board member Emma Walmsley as CEO to steer the PC maker through a memory-chip crunch that has driven up prices and triggered a steep industry downturn.
The Guardian
-A British healthcare worker infected with Ebola is being medically evacuated from the Democratic Republic of Congo to Britain for specialist treatment, with the patient in stable condition and expected to arrive in Britain by Wednesday or Thursday.
-UK's government is considering placing restrictions on smart glasses amid concerns the technology is being used to surreptitiously film women.
The Telegraph
-Technology-focused venture capital firm Sequoia Capital is closing its London office and several people will be leaving the company, with its focus shifting to the West Coast of America as the US dominates a tidal wave of multibillion-dollar AI deals.
-UK Prime Minister Andy Burnham is poised to ban drilling for new oil and gas in the UK to end exploration in the North Sea, backing an energy bill that would put into law a permanent prohibition on new drilling
Sky News
-Virgin Media O2 is set to cut thousands of jobs and scale back its fibre ambitions as the highly indebted group seeks to increase profitability in Britain's fiercely competitive broadband and mobile markets.
The Independent
-The UK’s competition watchdog, the Competition and Markets Authority, said it has decided to scrap 23 outdated restrictions in a bid to cut red tape for thousands of businesses across different industries.
(Compiled by Bengaluru newsroom)