British Business - July 18

July 18 (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

- More people in the UK are cancelling their video subscriptions to save money in the face of the cost of living squeeze, with under-24s most likely to walk away. Link

- Amazon AMZN.O is taking on Tesco TSCO.L by matching the British supermarket chain's prices on hundreds of groceries as the cost of living crisis bites. Link

The Guardian

- Unions are calling for people to get legal protection against high temperatures in UK workplaces, as a heatwave arrives that could cause temperatures to approach 40C on Monday and Tuesday. Link

- Loot boxes in video games will not be banned in the UK, despite a government consultation finding evidence of a "consistent" association between the features and problem gambling. Link

The Telegraph

- A new 6 billion pounds ($7.11 billion) business loan scheme is to be given the green light by ministers within days, providing firms more cheap debt to survive the looming downturn. Link

- UK ministers are pressing on with plans to create a UK-backed non-fungible token (NFT), despite a crash in cryptocurrencies and the exit of key Treasury personnel backing the controversial project. Link

Sky News

- Mark Hartigan, the embattled chief executive of LV=, one of Britain's oldest financial mutuals, is to step down weeks after the arrival of a new chairman and seven months after the collapse of a controversial 530 million pounds ($628.16 million) takeover by Bain Capital. Link

- Mayfair Equity Partners, owner of Nasstar, one of Britain's biggest providers of managed cloud services is to begin exploring a more tham 500 million pounds ($592.60 million) sale of the business. Link

($1 = 0.8437 pounds) (Compiled by Bengaluru newsroom)

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