Press Digest: British Business - May 15

Revel Collective

15/05/2024 04:56

May 15 (Reuters) - 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
    - Anglo American  AAL.L  is considering a stock market
flotation of De Beers under plans to break up the miner's
sprawling operations and see off a 34 billion pound ($42.83
billion) takeover approach by BHP  BHP.AX .
    - Revolution  RBG.L , one of Britain's biggest bar
operators, said the first phase of the formal sales process and
M&A process has not resulted in any proposals relating to the
acquisition of the company. 
     
    The Guardian
    - The boss of Tesco  TSCO.L , Britain's largest supermarket
group, saw his pay package more than double to almost 10 million
pounds($12.60 million)in its 2023/24 financial year, a period
when millions of its customers battled a cost of living crisis.
    - Stellantis  STLAM.MI  will sell cheap electric cars made
by its Chinese partner Leapmotor in Europe, including the UK, as
it criticised Joe Biden's decision to impose a 100% tariff on
Chinese EVs imported to the US.
       
    The Telegraph
    - British power company Drax  DRX.L  has drawn up plans for
the world's first wood-powered cargo ship, claiming that the
controversial power source can help to cut greenhouse gas
emissions from sea freight.
       
    Sky News
    - Klarna, which is setting up a new UK-based holding
company, is now zeroing in on a New York listing early next
year. 
    
($1 = 0.7938 pounds)

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