PRESS DIGEST-British Business - Feb 27

Reuters

Wed, Feb 26, 2020, 8:37 PM1 min read

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Feb 27 (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

Restaurant Group Plc has teamed up with U.S.-based Conversion Venture Capital and two American restaurateurs with a view to open another 30 to 40 restaurants over the next five to six years. http://bit.ly/2TiNddJ

The Guardian

Walmart Inc is in talks to sell a majority stake in Asda, the UK's third-largest supermarket chain. http://bit.ly/3c84U8q

Britain's oil industry watchdog plans to overhaul its mission to wring as much value from the North Sea's oil reserves as possible before the United Nations climate talks this year. http://bit.ly/2VpcyW1

The Telegraph

Metro Bank Plc has been forced to return 50 million pounds to a state-backed fund meant to boost industry competition is part of a 120 million pounds grant given to the firm by Banking Competition Remedies. http://bit.ly/2wS8X8P

NMC Health Plc removed its Chief Executive Prasanth Manghat after an investigation revealed the private hospital operator had been locked into secret loans to major shareholders' companies without the knowledge of the board. http://bit.ly/2I0cN1W

Sky News

Virgin Money UK Plc, Lloyds Banking Group Plc and Direct Line Insurance Group have announced job cuts totalling more than 2,000 on a bleak day for financial services workers. http://bit.ly/2T34rg9 (Compiled by Bengaluru newsroom)

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Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell
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Motley Fool•1d ago
Exclusive-China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
A Reuters review of hundreds of tender documents shows 10 Chinese entities acquired advanced Nvidia chips embedded in server products made by Super Micro Computer Inc., Dell Technologies Inc. and Taiwan's Gigabyte Technology Co Ltd after the U.S. on Nov. 17 expanded the embargo to subject more chips and countries to licensing rules. Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28.
Reuters•5h ago
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.
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Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says
Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.
Business Insider•9h ago
2 Artificial Intelligence (AI) Stocks That Could Fall 19% and 65%, According to a Pair of Wall Street Analysts
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JPMorgan warns stock market sell-off has 'further to go'
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Traders are betting that TSMC stock's sudden 13% sell-off will deepen
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PRESS DIGEST-British Business - Feb 27

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