PRESS DIGEST-British Business - Oct 1

Oct 1 (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

- Canadian security company, Gardaworld, stalking G4S Plc has made a 3 billion pounds ($3.88 billion) formal hostile takeover bid for the "deeply troubled business", which has been quickly rejected by the board. https://bit.ly/2Glh9Dk

- The chief executive of Glaxosmithkline Plc has vowed the pharmaceutical industry will not cross "red lines... wherever the pressure comes from" amid concerns about the safety of the potential COVID-19 vaccine. https://bit.ly/34edZt3

The Guardian

- European trade union leaders, including three UK unions, have called on the European commission to open an investigation into Amazon.com Inc's "potentially illegal" effort to spy on workers for union activities. https://bit.ly/2HB0nR1

- The chief economist of the Bank of England said on Wednesday that Britain's rapid recovery from its COVID-19 slump is being put at risk by undue pessimism and a "Chicken Licken" fear that the sky is about to fall in. https://bit.ly/34b4N8R

The Telegraph

- Thousands of struggling businesses in UK face a further wait for COVID-19 payouts after insurers lined up to appeal a landmark judgment to the Supreme Court. https://bit.ly/2HHM7WJ

- Britain offered Brussels a three-year transition period on fishing during trade negotiations with the EU, it emerged on Wednesday as the Government hailed a historic fisheries treaty with Norway. https://bit.ly/34boaid

Sky News

- Rolls-Royce Holdings has called off talks to sell a substantial stake in the company to Asian and Middle Eastern sovereign investors as it prepares to unveil a 2 billion pounds cash call to help it survive the coronavirus crisis. https://bit.ly/3kWuKzG

- U.S. casino giant Caesars Entertainment has agreed to buy William Hill for 2.9 billion pounds but plans to spin off the UK business shortly after the deal completes. https://bit.ly/3n21g5D ($1 = 0.7740 pounds) (Compiled by Bengaluru newsroom)

Advertisement