British Business - August 8
Aug 8 (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
- Asset manager H2O has agreed to pay out 250 million euros ($273.35 million) to investors who have been trapped since 2020 in illiquid funds linked to Lars Windhorst, the German financier.
- British inter-dealer broker TP ICAP TCAPI.L said it was considering a U.S. listing for its data and analytics business, sending shares to a more than three-year high.
The Guardian
- Thousands of police and anti-racism protesters gathered on streets across Britain on Wednesday to challenge expected far-right groups that failed to materialise following more than a week of violent racist attacks targeting Muslims and migrants.
- Glencore GLEN.L will keep its coal business after securing backing from a majority of its investors who see lucrative earnings from the fossil fuel, its CEO said on Wednesday, adding the company could acquire more steelmaking coal assets.
The Telegraph
- Fast fashion retailer Boohoo BOOH.L is seeking to offload its office in London's Soho as it battles to shore up its balance sheet.
- GB News has said it is "closely monitoring" Elon Musk's lawsuit against advertisers in a sign it is preparing to sue brands that suspend advertising.
Sky News
- British Land BLND.L is considering voting against a restructuring of Cineworld's CINE.D British operations that could lead to the closure of dozens of sites.
- Britain's National Health Service (NHS) will begin to roll out a gene therapy from Vertex Pharmaceuticals VRTX.O and CRISPR Therapeutics CRSP.BN to treat rare blood disorder beta thalassemia.
($1 = 0.9146 euros)
(Compiled by Bengaluru newsroom)
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