Press Digest: British Business - Dec 5
05/12/2024 01:58
Dec 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
- Activist investor Palliser Capital has intensified calls
for Rio Tinto RIO.L to abandon its primary listing in London,
claiming that the company's dual share structure has been "an
unmitigated failure" for shareholders.
- U.S. private equity firm General Atlantic has struck a
deal to buy Learning Technologies Group LTGL.L for 802.4
million pounds ($1.02 billion), betting on rising training
requirements for large corporations as they adapt to artificial
intelligence.
The Guardian
- Educational training company Duolingo DUOL.O is joining
the exodus from the London Stock Exchange after a takeover by
U.S. private equity firm General Atlantic.
- Operatives said to be behind a billion-dollar Russian
money-laundering network have been sanctioned and arrested in a
coordinated international investigation led by UK's National
Crime Agency.
The Telegraph
- Struggling British supermarket group Asda has raised an
additional loan of 155 million pounds to help it pay back debt
due in the next two years.
- Airbus AIR.PA plans to axe almost 500 jobs in Britain as
it shrinks a space division that has been haemorrhaging
satellite orders to Elon Musk’s SpaceX.
Sky News
- British parcel carrier Yodel has told clients including
New Look, Gousto and eBay that it has been affected by a series
of operational challenges.
- FTSE Russell, which operates the FTSE 100 and FTSE 250,
confirmed that its latest quarterly review would see Sports
Direct-led Frasers FRAS.L drop down to the lower tier for the
first time in eight years.
($1 = 0.7877 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))