Press Digest: British Business - April 12

Virgin Money UK

12/04/2024 01:18

April 12 (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 competition watchdog has expressed "real
concerns" that the biggest technology companies, including Apple
 AAPL.O , Amazon  AMZN.O  and Microsoft  MSFT.O , are using
their dominance in the world of artificial intelligence in a way
that could harm consumers.
    - Neil Woodford, the former star stock picker whose flagship
fund collapsed in 2019, trapping around 300,000 investors, had a
"defective and unreasonably narrow" understanding of his
responsibilities, Britain's Financial Conduct Authority said on
Thursday.
    
    The Guardian
    - AstraZeneca  AZN.L  shareholders on Thursday approved a
2024 pay policy, which will boost CEO Pascal Soriot's
remuneration to as much as 18.9 million pounds ($23.72 million)
this year, but over a third of investors revolted against the
huge sum.
    
        
    The Telegraph
    - The Telegraph would be at risk of financial instability if
the Barclay family were to regain control in the wake of the
failed takeover backed by the United Arab Emirates.
    
    
    Sky News
    - Around 1,500 Tata Steel  TISC.NS  workers based in Port
Talbot and Newport voted in favour of strikes, Britain's Unite
the Union said on Thursday.
    - Sir Paul Marshall, the hedge fund tycoon, is preparing to
step down from the board of GB News' parent company as he eyes a
renewed bid to acquire The Daily Telegraph.
    
    The Independent
    - Nearly 1,000 people have signed a petition calling for
Nationwide Building Society  NBS.L  to give its 16 million
members a vote over its decision to buy rival lender Virgin
Money  VMUK.L  in a deal worth around 2.9 billion pounds($3.64
billion). 

    ($1 = 0.7967 pounds)

 (Compiled by Bengaluru newsroom)
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