British Business - May 23
May 23 (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
- British Prime Minister Rishi Sunak called a national election on Wednesday for July 4, saying Britons would be able to choose their future in a vote his Conservatives are widely expected to lose to the opposition Labour Party after 14 years in power.
- A consortium comprising CVC Advisers and the Abu Dhabi Investment Authority on Wednesday said it was considering a possible revised offer for Hargreaves Lansdown HRGV.L after the British investment platform's board rejected a buyout proposal it had made in April.
The Guardian
- Anglo American AAL.L has agreed to a one-week extension for BHP Group BHP.AX to make a binding takeover offer, it said on Wednesday, after rejecting a third proposal from its rival that valued it at 38.6 billion pounds ($49.11 billion).
- Virgin Money shareholders have voted in favour of a 2.9 billion pound ($3.69 billion) takeover by rival lender Nationwide Building Society, helping clear the path for the biggest UK banking deal since the financial crisis.
The Telegraph
- Television Channel GB News has launched a legal challenge against Britain's media regulator Ofcom as it accused the regulator of "trampling" on freedom of speech.
- UK regulators fined Citigroup C.N 61.6 million pounds ($78.37 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm cause a sudden fall in European stocks.
Sky News
- Plans for a multibillion pound mass market sale of the government's stake in NatWest Group NWG.L have been derailed by Rishi Sunak's decision to call a summer general election.
- Britain's media regulator Ofcom fined telecom group BT BT.L 2.8 million pounds ($3.56 million) for failing to provide more than a million EE and Plusnet customers with clear and simple contract information before signing up for a new deal, it said on Wednesday.
($1 = 0.7860 pounds)
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
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.
