British Business - May 27
May 27 (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.
- Elliott Management will not push for a sale of GlaxoSmithKline's GSK.L vaccines and pharmaceuticals business, signalling that the U.S. activist hedge fund is not seeking to wage an aggressive and politically contentious campaign against the British drugs group. Link
- Amazon AMZN.O has sealed its second largest takeover — agreeing to buy Metro Goldwyn Mayer for $8.45 billion — as former Hollywood heavyweights scramble to find a place in a new era. Link
- The European Commission has demanded an urgent court order requiring AstraZeneca AZN.L to deliver millions more vaccines to the bloc or face a hefty fine, in a case that may reflect its anger more than its need for doses. Link
- Scotland's First Minister Nicola Sturgeon has opened formal talks with the Scottish Greens on a cooperation deal in government, in a move designed to cement a pro-independence majority at Holyrood and bolster its pro-climate credentials. Link
- Britain has a trade deal with oil-rich Gulf states in its sights, international trade secretary Liz Truss has said, as ministers close in on a 5 billion pounds ($7.05 billion)investment tie-up with Abu Dhabi. Link
- Nissan 7201.T is in advanced talks to build an electric car battery gigafactory at its plant in Sunderland in what would be a major coup for the UK's post-Brexit car industry. Link
- Former EU financial services commissioner Lord Hill of Oareford has agreed to become a member of the advisory board of The Proof of Trust, Sky News has learnt. Link
- Multinational oil company Royal Dutch Shell RDSa.L has been ordered in court to slash its carbon emissions in order to protect the environment from climate change. Link
- Uber UBER.N has agreed to recognise a trade union for the first time in a landmark deal that could benefit up to 70,000 drivers across the UK. Link
- Marks and Spencer MKS.L has said it plans to close 30 more stores over the next decade after it swung to a £201.2m annual loss as clothing and homeware sales fell sharply in a year of lockdowns. Link
($1 = 0.7089 pounds) (Compiled by Bengaluru newsroom)
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