British Business - August 4
Aug 4 (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.
- Lloyd's of London has stepped up plans to open itself up to outside capital with a new platform that offers easier access to pension funds and other institutional investors. Link
- The transition to electrification amid continuing pandemic-related supply chain disruption has seen deliveries at BMW BMWG.DE owned Mini, the carmaker that produces the majority of its vehicles at the Cowley plant in Oxford, drop by more than a fifth. Link
- Marks and Spencer MKS.L has removed disposable barbecues from sale across all its United Kingdom stores to "protect open spaces and reduce the risk of fires." Link
- Nick Clegg, president of global affairs at Facebook's parent company Meta META.O , is set to move to London after four years in Silicon Valley. Link
- The Serious Fraud Office has convicted David Ames of encouraging thousands of people to invest in properties in the Caribbean that were never built, with investors ultimately wracking up losses totalling 398 million pounds ($483.41 million). Link
- Chancellor Nadhim Zahawi has written to cabinet colleagues to offer provisional backing for credit facilities enabling British exporters to help defend and rebuild Ukraine, with an export package of 3 billion pounds ($3.64 billion). Link
($1 = 0.8233 pounds) (Compiled by Bengaluru newsroom)
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