Press Digest: British Business - Sept 27

National World

27/09/2023 24:58

Sept 27 (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
   
    - Thames Water and Southern Water have been told to return
101 million euros ($122.69 million) and 43 million euros ($52.24
million) to customers respectively by cutting bills next year
after failing to meet environmental standards and prevent
leakage across their pipe networks.
    
    - Aviva  AV.L  to buy AIG's  AIG.N  British income
protection and life insurance business for 460 million euros
($558.81 million).
    
    The Guardian
  
     - Following calls from UK's Conservative Party MPs for the
main tax on inherited wealth to be abolished, the Institute for
Fiscal Studies analysed that scrapping inheritance tax would
cost the government almost 15 billion pounds ($18.22 billion) a
year in lost revenue by 2032. 
    
    - Farhad Moshiri, the Everton Football Club owner, received
more than 400 million pounds ($485.92 million) from Alisher
Usmanov companies in the run-up to the Russian billionaire being
placed under sanctions, raising fresh questions about the
financial ties between the two. 
        
    The Telegraph
    
    - Long-time Conservative Party  donor Lord Harris of Peckham
said the Conservative Party does not "deserve" to win the next
election, just weeks after he donated 5,000 pounds to Rachel
Reeves.
    
    - US Democratic chair of the Federal Trade Commission (FTC),
Lina Khan has sued Amazon  AMZN.O  to block its "unlawful"
online marketplace monopoly, accused Amazon of using "punitive
and coercive tactics" to lock in businesses and squeeze money
from Prime subscribers.
    
    Sky News
  
      - The former Mirror newspapers chief, David Montgomery is
putting the finishing touches to a line-up of City advisers that
he expects will give him an advantage over rivals in an auction
for The Daily Telegraph.
    
    - The parent firm of Facebook and Instagram, Meta  META.O 
has "surrendered" the lease on one of its London offices as tech
firms continue efforts to slash costs.
    
    The Independent
    
     - Former Labour prime minister, Gordon Brown has reiterated
his stance on Britain rejoining the European Union while
endorsing Sir Keir Starmer's pragmatic approach to handling
Brexit.
    
    - Alok Sharma, former British cabinet member and Cop26
president said he will stand down at the next general election. 
    
    
     ($1 = 0.8232 pounds)
     ($1 = 0.8233 pounds)

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