Press Digest: British Business - August 20
PRESS DIGEST-British Business - August 20 Aug 20 (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
-The chief financial officer of Smith & Nephew SN.L, John Rogers, who recently relocated to the United States with the FTSE 100 medical equipment maker, is abruptly standing down to take up the same position at Baxter BAX.N with a $2.8 million “sign-on” bonus.
-Allwyn UK, the operator of the National Lottery, has announced the unexpected departure of its chief executive Andria Vidler, despite having no permanent replacement lined up.
The Guardian
-Chery Automobile 9973.HK will establish a research and development centre in Britain this year, the company said, as demand for Chinese cars grows in the country.
The Telegraph
-Barclays BARC.L faces a legal fight with investors over claims they were misled about Jes Staley’s ties to Jeffrey Epstein.
-Monzo suffered a major tech glitch which left thousands of customers facing problems with their banking app.
Sky News
-A former backer of Lebara Group, the mobile virtual network operator, is being lined up to back an audacious swoop on the consumer operations of TalkTalk.
-Cinemas are considering a ban on Meta META.O AI glasses amid piracy concerns. Many of the UK's chains could introduce "policies to prohibit and/or restrict the wearing of camera-enabled smart glasses", according to the industry's trade body.
The Independent
-Britain's competition regulator is investigating whether Virgin Atlantic, Trainline TRNT.L and RED Driving School were transparent in disclosing total pricing when customers made bookings, it said on Wednesday.
(Compiled by Bengaluru newsroom)