XM does not provide services to residents of the United States of America.

British Business - June 19

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>PRESS DIGEST-British Business - June 19</title></head><body>

June 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 CVC-led bidding consortium has lifted its informal offer for Hargreaves Lansdown HRGV.L to 5.4 billion pounds ($6.86 billion) and taken the unusual step of offering existing shareholders the chance to share in the investment platform's future success.

- Inflation in May is expected to have fallen to the UK's official target for the first time in three years, a decline likely to be highlighted by Prime Minister Rishi Sunak as evidence that the economy has stabilised.

The Guardian

- Workers demonstrated at Premier Inn owner Whitbread's WTB.L annual shareholder meeting on Tuesday over plans to cut 1,500 jobs amid rising profits.

- Britons have cut back on their supermarket shopping and traditional summer purchases because of recent poor weather, even though grocery price inflation slowed further, according to the retail researchers Kantar.

The Telegraph

- British start-up, Space Forge, that is preparing to launch robot factories into space, has secured funding from the Nato alliance's $1.1 billion (870 million pounds) investment fund.

- Marks and Spencer MKS.L has reversed its ban on alpaca wool, going back on its decision to ban the wool in 2020 following pressure from Peta, the animal rights group.

Sky News

- London-listed Chrysalis Investments CHRY.L and Target Global submitted a term sheet to insurance technology firm Wefox proposing to lead a 25 million euro ($26.85 million) capital injection to thwart a rival proposal from insurer Ardonagh.

($1 = 0.9312 euros)

($1 = 0.7870 pounds)

(Compiled by Bengaluru newsroom)


Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.