Press Digest: British Business - April 5

Virgin Orbit Holdings

05/04/2023 24:52

April 5 (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
    
    If the bosses of Credit Suisse  CSGN.S  had any doubts about
the prevailing mood among the 1,700 shareholders who gathered
yesterday for the stricken bank's final annual meeting, they
would have been dispelled when the first investor took the
stage.
  
    Microsoft has stressed its commitment to Britain after
reportedly shelving plans to establish a new office in London,
months after announcing proposals to lay off 10,000 staff across
the world.
  
    The Guardian
   
    TikTok has been fined 12.7 million pounds ($15.88 million)
for illegally processing the data of 1.4 million children under
13 who were using its platform without parental consent,
Britain's data watchdog said. 
 
    The online shop Book Depository is due to close at the end
of April, vendors and publishing partners have been told by the
bookseller's parent company Amazon.     
        
    The Telegraph
    
     A policymaker with the Bank of England has insisted that
its COVID money-printing spree is not to blame for double-digit
inflation amid the steepest price rises in 41 years.    

    Virgin Orbit  VORB.O  filed for bankruptcy protection in the
United States in the early hours of Tuesday morning after
failing to raise cash or find a buyer.    
    
    Sky News
    
    Hammerson  HMSO.L , one of Britain's biggest shopping centre
owners, is facing demands from its biggest shareholder to
accelerate asset sales and resume dividend payments ahead of its
annual meeting next month.   
    
    The owner of The Original Factory Shop, one of Britain's
biggest independent discount retailers, is firing the starting
gun on a sale process after more than 15 years.   
    
    ($1 = 0.7999 pounds)
    
    
    

 (Compiled by Bengaluru newsroom)
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