Press Digest: British Business - November 13
PRESS DIGEST-British Business - November 13 Nov 13 (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 discount retailer Poundland on Thursday filed another Notice of Intention to appoint administrators, giving the business and its owners, US investment firm Gordon Brothers, more time to find a rescue deal.
-Partners at America’s Weil, Gotshal & Manges, which has more than 200 lawyers in the City of London, have voted to close the practice amid internal rows.
The Guardian
-Britain's mid-tier lender Metro Bank MTRO.L put itself up for sale as part of a strategic review, opening the door to a potential takeover after a years-long drive to change its fortunes and sending its shares up 7%.
-The UK car industry is preparing to push for a two-year delay to Brexit tariffs on electric cars traded with the EU, after an initial European proposal suggested a shorter delay.
The Telegraph
-Frasers Group FRAS.L executive David Epstein will succeed Daniel Grieder as CEO of Hugo Boss BOSSn.DE from January 1, 2027, the German fashion group said, cementing the British retailer's influence over the company.
-Jaguar Land Rover TAMO.NS has been ordered to destroy documents seized from Chinese rival BYD 002594.SZ in a legal row between the car makers over copycat claims.
Sky News
-The private equity giant Warburg Pincus is circling iwoca, the fast-growing small-business lender which funds tens of thousands of British SMEs.
-Gordon Brothers, the owner of Poundland, is among the parties that have been considering offers for Dune, the British footwear retailer.
(Compiled by Bengaluru newsroom)