PRESS DIGEST- British Business - Oct 19
Oct 19 (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
A disorderly Brexit would result in small companies postponing investments and cutting staff, the UK's Federation of Small Businesses has warned. https://bit.ly/2R0nlAy
BNP Paribas SA told its London-based staff this week that it would make up to 40 redundancies and would cut back on hiring as it tries to boost profits after a poor year. https://bit.ly/2QWNlwH
The Guardian
Sky Plc has delivered an ultimatum to broadcasters including Walt Disney Co and Discovery Inc to sort out their post-Brexit licensing plans by the end of 2018 or face being taken off its pay-TV service. https://bit.ly/2QZF1My
Gatwick Airport is proposing to spend 500 million pounds ($651.05 million) to widen its emergency runway and bring it into daily use as a second runway, as part of a plan to bring more than 100,000 additional flights a year to the airport by 2032. https://bit.ly/2pYcPhR
The Telegraph
Amazon.com Inc is investing in three regional hubs across the UK, creating more than 1,000 new skilled jobs in a move UK trade secretary Liam Fox hailed as a "signal to the world that the UK is very much open for business". https://bit.ly/2PfsRlP
HSBC Holdings Plc is poised to become the first overseas firm to list in China under plans to link the London and Shanghai stock exchanges. https://bit.ly/2QUu2E4
Sky News
Ben van Beurden, the head of oil giant Royal Dutch Shell Plc , has warned that the crisis over the disappearance of Saudi journalist Jamal Khashoggi should not be allowed to shake the security of energy supply. https://bit.ly/2Aj2zqn
Softbank Group Corp's Vision Fund is in talks to buy a stake in the British digital bank Acorn OakNorth Holdings in a deal that would indirectly make Saudi Arabia's sovereign investment vehicle a substantial investor. https://bit.ly/2NO7suY
The Independent
British Prime Minister Theresa May has faced fury from Tory MPs after she opened the door to extending the Brexit transition period by a year, keeping Britain tied to the EU up to the end of 2021. https://ind.pn/2OuKKxc
($1 = 0.7680 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)
