British Business - July 16
July 16 (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.
- Revolut has hit a record-breaking valuation of $33 billion after an $800 million fundraising that put the digital lender's worth at six times higher than last year. Link
- GlaxoSmithKline Plc GSK.L is seeking a development partner to help transform land at its existing 92-acre research and development site in Stevenage into one of Europe's largest clusters for life science companies. Link
- Tesco Plc TSCO.L , Asda Group Ltd, WM Morrison Supermarkets P L C MRW.L , Marks and Spencer Group Plc MKS.L , Aldi, Primark and John Lewis have joined Waterstones and J Sainsbury Plc SBRY.L in asking customers and staff to continue wearing face masks in shops in England beyond July 19 despite an easing of COVID-19 safety restrictions. Link
- Drugmakers Auden McKenzie and Accord UK have been fined more than 260 million pounds ($359.53 million) for colluding to overcharge the NHS for hydrocortisone tablets in one of the most serious market abuses uncovered by the regulator. Link
- Car maker Rolls-Royce said it was 'approaching a critical point' due to workers having to self-isolate and may have to halve production if the trend continues as the company said it was 'extremely concerned' at the number of staff at its manufacturing site in Goodwood, West Sussex, being ordered to stay at home because of NHS Test and Trace app alerts. Link
($1 = 0.7232 pounds) (Compiled by Bengaluru newsroom)
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