Press Digest: British Business - November 3
PRESS DIGEST-British Business - November 3 Nov 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
- Binance's customers have withdrawn $4.5 billion from the world's biggest cryptocurrency exchange since it reopened, after hackers stole around $6.3 billion of crypto from the platform in what could be the largest-ever financial heist.
- Marks & Spencer MKS.L will open its largest food hall outside the UK in Dubai's Festival City retail resort in December as the British retailer pushes ahead with international expansion.
- The UK government is to meet bosses from Poundland this week amid mounting political pressure to avert one of the biggest retail collapses in the UK over the past decade.
The Guardian
- Google GOOGL.O UK signed an agreement giving unions new rights to access workplaces, with Google set to begin organising among about 7,000 workers across its UK operations, including YouTube but excluding DeepMind.
- British Prime Minister Andy Burnham said he is open to calls for a formal apology for Britain's historical role in slavery, before attending next week's Commonwealth summit in Antigua and Barbuda.
The Telegraph
- Eurostar's chief executive Gwendoline Cazenave has left the company with immediate effect amid battle with Virgin Trains, with Cazenave to be replaced by French rail industry veteran Christophe Fanichet from December.
- Britain's cyber security chiefs have issued an alert to retailers after European officials said the hacking of supermarket fridges was a threat to food security, after dozens of shops in Belgium, Sweden, Ireland, Luxembourg and Estonia had been targeted.
Sky News
- Britain's National Grid NG.L signed a deal to purchase more than 70 acres of land at Dorman Point on a site owned by local private-public partnership Teesworks, expected to pave the way for the construction of Europe's biggest data centre complex.
- Barclays BARC.L is drawing up plans to make the payouts to former motor finance customers, as the Financial Conduct Authority sets out expectations of lenders making settlement offers outside the scope of its £9 billion compensation scheme.
The Independent
- British food retailer Tesco TSCO.L has held talks over proposals to buy up to 150 Poundland stores amid the impending break-up of the high street discount chain.
(Compiled by Bengaluru newsroom)