Press Digest: British Business - August 17
PRESS DIGEST-British Business - August 17 Aug 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
- Britain's Financial Conduct Authority is scrutinising banks' handling of payments for unregulated loan note investments after a series of collapses left thousands of investors facing losses, warning it would act where firms had fallen short.
- Corporate Travel Management CTD.AX, the Australian company that operated the Bibby Stockholm asylum barge, has repaid £43 million ($58.27 million) of the £120 million it overcharged UK government agencies.
The Guardian
- Water companies in England and Wales could be allowed to increase customer charges during droughts under proposals being considered by regulator Ofwat to reduce water consumption.
- Britain's housing minister Angela Rayner will move to protect pubs in England from being converted into housing or offices.
The Telegraph
- Several buyers including Adura and Ithaca Energy ITH.L are preparing bids for BP's BP.L North Sea oil and gas assets, in a deal that could value the business at about £2.5 billion.
- Perini Navi, the luxury yacht builder behind the Bayesian, is among the assets that owner The Italian Sea Group TISGR.MI could seek to sell as it attempts to stave off collapse. The Bayesian sank off Sicily in 2024, killing British tech entrepreneur Mike Lynch and six others.
Sky News
- Defence-focused investor GALLOS Technologies has raised £35 million in a funding round led by Ventura Capital and Aberdeen Investments.
($1 = 0.7380 pounds)
(Compiled by Bengaluru newsroom)