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PRESS DIGEST-British Business - July 21

·2 min read

July 21 (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 American private equity firm Clayton Dubilier & Rice is working on another bid for WM Morrison Supermarkets Plc in a sign that the battle to buy the supermarket chain is far from over. https://bit.ly/3hT1H1j

- Apple Inc is to delay plans to call office staff back to their desks this autumn amid rising concerns over a new wave of COVID-19 cases. https://bit.ly/3wTn9aT

The Guardian

- The easyJet Plc boss has called on the UK government to add 'many more' European countries to its 'green' quarantine-free travel list, as the airline announced it was ramping up the number of flights it operates to 60% of pre-pandemic levels during the summer holiday season. https://bit.ly/2Tqdv1R

The Telegraph

- Channel 4 has attacked privatisation plans put forward by the culture secretary, Oliver Dowden, accusing him of failing to provide any evidence to support a sale that would have a "very harmful" effect on viewers and thousands of jobs. https://bit.ly/3wOU14p

- UK Research and Investment has suspended grants to Newport Wafer Fab under Government instructions after its sale to a Chinese-owned technology company Nexperia, The Telegraph understands. https://bit.ly/3wUANu8

Sky News

- Martin Gilbert, the City veteran, will accelerate his bid to create a new fund management empire this week when he taps shareholders for the funds to buy a company in the fast-growing exchange-traded funds sector. Sky News has learnt that AssetCo, Gilbert's new corporate vehicle, plans to raise approximately 25 million pounds ($34.08 million) of new equity from investors. https://bit.ly/3hUTlGK

- Sky News has learnt that Babcock International Group Plc and Rolls-Royce Holdings have appointed investment bankers to market their combined shareholding in AirTanker. City sources said that Babcock and Rolls-Royce had asked Jefferies to kick off a sale process. https://bit.ly/3wYefZE

($1 = 0.7335 pounds) (Compiled by Bengaluru newsroom)