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PRESS DIGEST-British Business - May 20

·2 min read

May 20 (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

- Billions could be wiped off the valuation of Klarna, the "buy now, pay later" fintech business, amid regulatory scrutiny, increased competition and a broader sell-off of technology shares. https://bit.ly/3lrwJOV

The Guardian

- Property tycoon Nick Candy is considering making an offer to buy the 1.4 billion pound ($1.75 billion) online shopping group THG PLC, which recently said it had rejected numerous "unacceptable" takeover approaches that undervalue the company. https://bit.ly/3Lvo34A

- The domestic repair and emergency services business HomeServe PLC accepted an offer from Canadian investment group Brookfield Asset Management Inc. on Thursday that values the business at 4.1 billion pounds ($5.11 billion). https://bit.ly/3G67fQz

The Telegraph

- UK Health Secretary Sajid Javid is under pressure to ban work with a blacklisted Chinese genomics firm BGI Group over concerns it has been used to suppress the country's Uyghur population. https://bit.ly/3lt8RKU

- Tesco PLC will ban 'buy-one-get-one-free' offers on unhealthy food and drinks this autumn despite the UK government decision to delay a crackdown on junk food deals for another year. https://bit.ly/38FH8Uf

Sky News

- Royal Mail PLC has signalled it will raise prices as it takes more aggressive action on costs in the face of soaring inflation. https://bit.ly/3wsBspY

- The audit firm KPMG warned some of Britain's biggest companies that they faced substantial increases in their audit fees just weeks before giving thousands of staff substantial pay rises. https://bit.ly/3sMEhQq

The Independent

- Britain's airline, easyJet PLC, lost 3 million pounds ($3.74 million) per day between October 2021 and March 2022. But its boss believes the carrier will be "a winner in the post pandemic recovery of European aviation". https://bit.ly/3yTpEyJ

($1 = 0.8021 pounds) (Compiled by Bengaluru newsroom)