Press Digest: British Business - Nov 26

Vertical Aerospace

26/11/2024 02:16

Nov 26 (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
    - Britain's financial regulator has fined Barclays  BARC.L  
40 million pounds ($50.10 million) for its failure to disclose
payments made to Qatari entities in 2008, after the bank on
Monday said it had dropped its appeal over the case.
    - UK-based Vertical Aerospace  M000.F  and Mudrick Capital
have signed a non-binding term sheet under which the investor
will convert half of its outstanding convertible debt to equity
and extend the repayment date on the remainder to December 2028.
    
    
    The Guardian
    - Casinos and bookmakers in Great Britain will be forced to
pay a 100 million pound-a-year levy to fund research, education
and treatment of gambling harms, under government plans to be
announced as soon as this week.
    - The UK government has promised to do all it can to assist
James Scott Rhys Anderson, a former British soldier fighting for
Ukraine who has been taken prisoner by the Russian army.
    
        
    The Telegraph
    - Gail's, the upmarket bakery chain embroiled in a
gentrification row, has appointed advisers to kickstart a 500
million pound sale process.
    - HSBC's  HSBA.L  chief sustainability officer, Celine
Herweijer, has stepped down weeks after a management reshuffle
removed her role from the lender's executive committee.
    
    Sky News
    -  British finance minister Rachel Reeves on Monday said she
would never have to repeat the tax hikes of her first budget, an
attempt to reassure businesses that were caught off-guard by a
25 billion-pound tax rise.
    
    
    The Independent
    - Britain's government said on Tuesday it plans to increase
access to mental health support and to reform job centres as
part of its push to get more people back into the workforce.
    
    


($1 = 0.7984 pounds)

 (Compiled by Bengaluru newsroom)
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