PRESS DIGEST-British Business - July 6
July 6 (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
- Toscafund Asset Management, which owns 5.4% of Spire Healthcare Group Plc, said it will reject a sweetened 1 billion pounds ($1.39 billion) takeover offer of the private hospital chain from Australian firm Ramsay Health Care. https://bit.ly/3wj47dC
- The BBC is expected to announce a 10% drop in pay for its highest-earning presenters, with the number of people on 150,000 pounds falling slightly. https://bit.ly/3qP9twj
The Guardian
- Nexperia, a Dutch firm owned by China's Wingtech Technology Co Ltd, said that it had taken full control of Newport Wafer Fab, the UK's largest producer of silicon chips, which are vital in products from televisions and mobile phones to cars and games consoles. https://bit.ly/3wed8ot
- The Bank of England will only require staff to work in the office one day a week from September, in contrast to many City banks that are asking workers to return to a full-time commute to the Square Mile. https://bit.ly/3qNulnq
The Telegraph
- WM Morrison Supermarkets Plc is at risk of being loaded with debt and stripped of its property portfolio, Legal & General, one of the City's of London's biggest institutions has warned in an unusual public rebuke to the buyout consortium that has agreed to acquire the supermarket in a 9.5 billion pounds deal. https://bit.ly/3hkR6MC
- Ineos's energy division is buying 25 million shares in HydrogenOne Capital Growth, amounting to 10% of the 250 mln pounds the fund is raising in an upcoming float. https://bit.ly/3qQ6lQQ
Sky News
- One of the main contenders to win the race for the next National Lottery licence will this week unveil a gambling industry veteran as its chief executive. Sky News understands that David Craven is to take the helm at Allwyn, which is owned by the Czech Republic-based European lottery operator Sazka Group. https://bit.ly/36he1Sp
($1 = 0.7219 pounds) (Compiled by Bengaluru newsroom)
