Press Digest: British Business - May 10

MccollS Retail

10/05/2022 01:37

May 10 (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
    - The board of Ideagen Plc  IDEA.L , based in Nottingham,
has recommended shareholders to accept a 1.1 billion pounds
($1.36 billion) takeover offer from Hg. https://bit.ly/3sqvMu5
    
    - Morrisons has acquired McColl's Retail Group Plc
 MCLSM.L , the insolvent convenience store chain, in a deal that
takes on all 16,000 staff, 1,100 shops and rescues its two
pension schemes. https://bit.ly/3N0kggS
    
    
    The Guardian
    - Barclays Plc  BARC.L  has avoided nearly 2 billion pounds 
($2.47 billion) in tax via a lucrative arrangement in Luxembourg
that allowed it to pay less than 1% on profits in the tax haven
for more than a decade. https://bit.ly/3wjbjIT
    
    - Figures from UK's Society of Motor Manufacturers and
Traders (SMMT) show that the number of transactions for electric
cars increased from 6,600 in the first three months of 2021 to
almost 14,600 in the first quarter of this year, an increase of
120%. https://bit.ly/3P7ss0B

        
    The Telegraph
    - The chief executive of Volkswagen AG  VOWG_p.DE  has
called for a negotiated settlement between Russia and Ukraine so
that sanctions can be lifted to avoid damaging the German
economy. https://bit.ly/38f4rEk

    - Apple Inc's  AAPL.O  director of machine learning Ian
Goodfellow has quit the company in protest over the tech giant's
demands that staff return to the office for three days a week. https://bit.ly/3sqRQoy

    
    Sky News
    - P&O Ferries has been told the Pride of Kent can resume
sailing between Dover and Calais after passing a safety
inspection at the fourth attempt. https://bit.ly/3PmazLV
    

     ($1 = 0.8109 pounds)

 (Compiled by Bengaluru newsroom)
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