PRESS DIGEST-British Business - Sept 10

In this article:

Sept 10 (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

- Bosses at Oxford Nanopore Technologies Ltd are in line for a paper fortune worth more than an estimated 100 million pounds ($138.34 million) as part of the biotechnology company's plans to float on the London Stock Exchange in a potential 3 billion pound listing. https://bit.ly/3A2ztYF

- EasyJet plc has rejected a takeover offer from Wizz Air Holdings plc and reported plans to raise 1.2 billion pounds from investors to withstand a more prolonged downturn in the travel market. https://bit.ly/3trBlI6

The Guardian

- Facebook Inc said it launched Ray-Ban Stories smart glasses, a wayfarer-style spectacles which features a pair of cameras for photos and videos, as well as a microphone and speaker. https://bit.ly/3k04h6E

- Ikea is poised to buy Topshop's former flagship London store, and the Swedish furniture brand is expected to pay 385 million pounds for leasehold after collapse of Philip Green's Arcadia Group Ltd. https://bit.ly/3zUQ9RT

The Telegraph

- Ireland has been forced to freeze power exports to the UK to prevent a shortage which could have sparked blackouts as surging energy prices continue to cause chaos across Europe. https://bit.ly/2VuCRfT

- Up to 800,000 doses of the AstraZeneca's COVID-19 vaccine are likely to have expired across the UK at the end of August, analysis suggests, and could now be thrown away. https://bit.ly/3l7CNeZ

Sky News

- UK mobile operator Three has revealed plans to bring back roaming charges for new and upgrading customers when they travel in the EU. https://bit.ly/3jXTSIV

- Costa Coffee, a unit of Coca-cola Co, has said it will increase pay by 5% for the 14,500 staff working at its stores across the UK, and the changes will not affect staff working at its 1,200 franchised coffee shops. https://bit.ly/3tve87L ($1 = 0.7229 pounds) (Compiled by Bengaluru newsroom)

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