Press Digest: British Business - September 3
PRESS DIGEST-British Business - September 3 Sept 3 (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
- Amanda Blanc will step down from BP's BP.L board after presiding over the abrupt removal of Albert Manifold as chairman in May.
- Citi's C.N London arm was fined £4.7 million ($6.34 million) by the UK government under laws related to its Russia-related sanctions.
The Guardian
- Uber UBER.N drivers in the UK and the Netherlands have filed a European class action lawsuit, claiming that the company's AI-powered pay-setting system breaches privacy laws and pushes down their earnings.
- The Dutch central bank said it had moved 86 tonnes of its gold reserves from U.S. and Canada to London to be better prepared for a potential crisis amid rising geopolitical unrest.
The Telegraph
- Britain's Serious Fraud Office has been dropped by Eurasian Natural Resources Corporation (ENRC) from a £125 million lawsuit after a seven year legal battle over mining rights in the Democratic Republic of Congo.
- The former director general of Britain's BBC, Tim Davie, has joined the board of French media company Mediawan following his departure from the public service broadcaster in 2025.
Sky News
- Toscafund Asset Management is planning to name Circle Health's former boss Paolo Pieri as executive chairman of Spire Healthcare SPI.L if its proposed £1 billion ($1.35 billion) takeover of the private hospital operator is completed.
- Poundland owner Gordon Brothers is racing to secure a sale of the British discount retailer before the end of October, ahead of the crucial Christmas trading period.
The Independent
- Budget airline EasyJet EZJ.L will return to Britain's FTSE 100 index, six months after it was demoted to the lower ranks of the FTSE 250.
($1 = 0.7411 pounds)
(Compiled by Bengaluru newsroom)