Press Digest: British Business - June 25
PRESS DIGEST-British Business - June 25 June 25 (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
- Facebook's owner, Meta Platforms META.O, is looking at creating its own prediction markets app as part of an effort to expand into new platforms and drive online engagement.
- The American logistics company Prologis PLD.N has gone public with a £12.6 billion ($16.59 billion) offer for Segro SGRO.L after the warehouse landlord's board "unequivocally" rejected its all-share takeover proposal.
The Guardian
- The BT pension scheme lost £300 million ($395.07 million) after writing off its holding in Thames Water, the UK's largest water company that is buckling under a £20 billion debt pile.
The Telegraph
- Production of the aircraft cannot be classified as bad for the environment and should not be excluded from a roster of activities deemed suitable for green investments, the EU General Court said on Wednesday.
- Four mini nuclear plants will be built at the site of a former coal power station in Nottinghamshire under plans submitted to the Government.
Sky News
- Tom Ranger will become Santander UK SANS_pa.L chief financial officer, replacing Angel Santodomingo who is expected to return to the global banking giant in a group role.
The Independent
- Meal kit giant Gousto has announced plans to shutter one of its production warehouses, placing 290 jobs at risk. The company stated the move is necessary to enhance operational efficiency within a highly competitive food market
($1 = 0.7594 pounds)
(Compiled by Bengaluru newsroom)