Press Digest: British Business - May 9

MccollS Retail

09/05/2022 01:02

May 9 (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
    Slater Investments, one of the shareholders in Randall &
Quilter Investment Holdings Ltd  RQIH.L , has rejected a 482
million pounds ($594.16 million) takeover bid to take the
company private. https://bit.ly/3vSuEBG
    
    Shaftesbury Plc  SHB.L  and Capital & Counties Properties
Plc  CAPCC.L , known as Capco, confirmed that the companies are
in 3.5 billion pounds merger talks. https://bit.ly/3FsTJGD
    
    
    The Guardian
    Britain's energy supplier ScottishPower has warned British
Finance Minister Rishi Sunak that further government help with
the cost of living crisis must be announced as soon as possible
to avoid an autumn emergency for struggling families. https://bit.ly/3FsMVZh
    
    The U.S. has unveiled a new layer of sanctions on Russia,
targeting services, Russia's propaganda machine and its defence
industry on the eve of Vladimir Putin's planned Victory Day
parade. https://bit.ly/3skEI4m
    
        
    The Telegraph
    A new nuclear reactor plant in Essex is at risk of collapse
because of political opposition to a Chinese investor's
involvement, French energy giant Electricite de France SA
 EDF.PA  has warned. https://bit.ly/3vUSRr5
    
    Bank of England and City watchdog officials are still
spending the vast majority of the week working from home despite
ministers piling pressure on workers to get back to their desks.
https://bit.ly/3LWgBkd
    
    
    Sky News
    Supermarket chain Morrisons has lodged a last-gasp offer to
seize control of McColl's Retail Group Plc  MCLSM.L  and prevent
it falling into the hands of its Asda-owning rivals. https://bit.ly/3vTMmoc
    
    Britain has announced fresh sanctions targeting 1.7 billion
pounds worth of trade with Russia in a bid to "further weaken
Putin's war machine". https://bit.ly/392siqI


($1 = 0.8112 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))