Press Digest: British Business - Dec 4

Pershing Square Holdings

04/12/2024 01:44

Dec 4 (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
    - Bill Ackman's London-listed hedge fund Pershing Square
Holdings  PSH.AS  is to drop its listing in Amsterdam after the
billionaire stockpicker expressed outrage over anti-semitic
violence in the Dutch capital in November.
    - British retail tycoon Mike Ashley was "met with a complete
stone wall" after requesting personal data related to a
multi-million pound tax dispute with HM Revenue & Customs, the
High Court has heard.
    
    The Guardian
    - UK ministers are considering renationalising British Steel
in a last-ditch attempt to save thousands of jobs amid a
standoff between the government and the company's Chinese owners
over a one billion-pound ($1.27 billion) investment.
    - NatWest's  NWG.L  Chief Executive Paul Thwaite has said
the bailed-out bank is on a "fast trajectory to private
ownership", with the government likely to fully exit its stake
within the first half of 2025.
    
    The Telegraph
    - British Newspaper Guardian's journalists have been warned
not to "intimidate" strike-breakers as the newspaper braces for
its first major walkout in half a century.
    - UK's Labour will take South Western Railway under public
control next spring, marking the first step in Prime Minister
Keir Starmer's sweeping plan to reverse 30 years of
privatisation.
    
    Sky News
    - The chair of The Guardian's parent company has insisted
that it will remain a part-owner of The Observer hours before
staff walk-out over the sale of the world's oldest Sunday
newspaper.
    - Lexham Partners is close to agreeing a deal to acquire
shareholding in companies, including Paragraf, the
graphene-based electronic device company, and Nexeon, a battery
technology specialist from London-listed IP Group  IPO.L .
    
($1 = 0.7894 pounds)

 (Compiled by Bengaluru newsroom)
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