British Business - May 20
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.
- 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. Link
- Property tycoon Nick Candy is considering making an offer to buy the 1.4 billion pound ($1.75 billion) online shopping group THG PLC THG.L , which recently said it had rejected numerous "unacceptable" takeover approaches that undervalue the company. Link
- The domestic repair and emergency services business HomeServe PLC HSV.L accepted an offer from Canadian investment group Brookfield Asset Management Inc. BAMa.TO on Thursday that values the business at 4.1 billion pounds ($5.11 billion). Link
- UK Health Secretary Sajid Javid is under pressure to ban work with a blacklisted Chinese genomics firm BGI Group 300676.SZ over concerns it has been used to suppress the country's Uyghur population. Link
- Tesco PLC TSCO.L 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. Link
- Royal Mail PLC RMG.L has signalled it will raise prices as it takes more aggressive action on costs in the face of soaring inflation. Link
- 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. Link
- Britain's airline, easyJet PLC EZJ.L , 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". Link
($1 = 0.8021 pounds) (Compiled by Bengaluru newsroom)
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