British Business - Aug. 19



Aug 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

- Avast AVST.L faces an investor backlash against its 6.2 billion pounds ($8.52 billion) deal to sell itself to an American rival NortonLifeLock NLOK.O after Schroders, the biggest independent shareholder in the cybersecurity company, raised concerns about the takeover. Link

- Fully vaccinated people are far more likely to develop symptoms if they catch the Delta variant of the COVID-19 compared with earlier strains, a large British public health study has shown. Link

The Guardian

- Afghans seeking refuge in the UK who arrive on small boats from across the Channel will be treated the same as any other migrants who enter the country by the same means, the home secretary Priti Patel has suggested. Link

- American tobacco giant Philip Morris International PM.N has snapped up a 22.6% stake in Vectura VEC.L as it closes in on a controversial 1.1 billion pounds takeover. Link

The Telegraph

- Wingtech Technology 600745.SS , the Chinese owner of Welsh, Britain's biggest microchip factory has admitted for the first time that the deal could be unwound as a national security review ordered by Prime Minister Boris Johnson is due within days. Link

- Geronimo the alpaca will die, London's High Court confirmed on Wednesday, as its owner lost a final legal bid to stave off the executioners. Link

Sky News

- The UK government has ordered regulators to investigate the acquisition of British defence firm Ultra Electronics ULE.L by a U.S. private equity firm on the grounds of national security. Link

- British retailer Marks & Spencer has made its products available in over 150 countries for the first time via British Corner Shop, an online supermarket for expats. Link

The Independent

- Fast-food chain Nando's has said that it hopes to reopen all of its restaurants by this weekend, after 45 were closed because of a shortage of chicken caused by staffing problems at key suppliers. Link ($1 = 0.7281 pounds) (Compiled by Bengaluru newsroom)

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