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Press Digest: British Business - October 2

PRESS DIGEST-British Business - October 2

- 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

  • Land Securities Group LAND.L is raising £500 million ($659.55 million) from investors to help fund its acquisition of the Metrocentre shopping centre near Newcastle.

  • Brazil's Nubank is no longer pursuing a deal for British digital bank Monzo that could have valued it between £8 billion ($10.55 billion) and £10 billion.

The Guardian

  • Sycamore Partners is in advanced talks to sell British pharmacy chain Boots to the Weston family for about $9 billion.

  • Britain's government is planning to ban airlines from charging parents extra to sit with their children on planes.

The Telegraph

  • BT Group's BT.L broadband rivals have warned of a potential legal row over competition concerns surrounding its proposed takeover of TalkTalk.

  • NatWest NWG.L is facing a fresh debanking disputeafter shipping executive Philip Adkins accused its private bank Coutts of closing his account on false grounds.

Sky News

  • British ministers have awarded EY a contract to scrutinise Tata Steel's TISC.NS request for additional taxpayer funding.

  • Goldman Sachs GS.N is expanding its partnership with housebuilding lender Quantum with up to £500 million in funding, following British Prime Minister Andy Burnham's announcement of a scheme to support first-time buyers.

The Independent

  • Syngenta is planning to halt operations at its Grangemouth site, which could result in about 400 job losses.

($1 = 0.7581 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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