Press Digest: British Business - August 21
PRESS DIGEST-British Business - August 21 Aug 21 (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
- Standard Life SDLF.L on Thursday announced a pension risk transfer (PRT) partnership backed by investments of up to £2 billion ($2.73 billion) with a consortium led by CVC CVC.AS and Prudential Financial PRU.N to target large UK pension schemes.
- TikTok's UK arm has increased the sum set aside for potential legal battles and regulatory investigations to more than $1 billion as a crackdown on social media platforms continues.
The Guardian
- British Prime Minister Andy Burnham said that security arrangements for Prince Harry and Meghan were a private matter for the couple, adding that he wished them well following reports they plan to move back to Britain.
- The East Sussex railway line on which a train derailed will reopen in September as crews continue to remove the carriages that left the track.
The Telegraph
- TikTok is investigating a possible breach of UK sanctions after flagging concerns to a Treasury watchdog.
- Transport for London (TfL) could be understating the cost of fare dodging by more than £20 million ($27.28 million) after officials admitted to curbing their estimates.
Sky News
- Britain's biggest banks have fired a renewed warning to the government against hiking taxes on the industry as John Healey, the new chancellor, prepares to deliver his inaugural Budget in October.
- Travelodge boss Jo Boydell has quit amid a backlash over the chain's handling of a sexual assault at one of its hotels.
The Independent
- Food and drink business Danone DANO.PA has secured approval from the UK competition regulator for its proposed acquisition of British protein powder and shake manufacturer Huel.
($1 = 0.7330 pounds)
(Compiled by Bengaluru newsroom)