British Business - Dec 18
Dec 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
- Barclays BARC.L lost its bid to overturn a ruling on British motor finance commissions in a High Court decision that weighed on bank shares as investors fretted about a potential multibillion pound consumer redress plan.
- Annington, a property company linked to billionaire private equity investor Guy Hands, has surrendered a 999-year lease on 36,000 military homes to the Ministry of Defence as part of a 5.9 billion pound ($7.50 billion) deal.
The Guardian
- Thames Water has won court approval to secure a 3 billion pound ($3.81 billion) cash lifeline from some of its biggest creditors.
- A Lloyds Banking Group LLOY.L advert has been banned for making false environmental claims, making it the second major lender to break the UK advertising watchdog's rules against greenwashing.
The Telegraph
- The new government of Mauritius said it wanted to renegotiate a deal with Britain on the future of a U.S.-British military base on the Indian Ocean island of Diego Garcia, in a setback for British Prime Minister Keir Starmer.
- Elon Musk has backed British political party Reform UK and opened discussions with Nigel Farage about making a major donation defeat both Labour and the Conservatives.
Sky News
- Drinks company Thatchers has launched a bid to overturn a High Court ruling that denied its claims German discount supermarket chain Aldi "copycatted" its cider.
- British shipbuilder Harland & Wolff is on the brink of a 70 million pound government-backed rescue deal that will include guarantees of job security for the company's workforce.
The Independent
- The British government announced it will not compensate up to 3.8 million women affected by changes to the state pension age.
- Train managers at British rail services between London and Edinburgh, known as Avanti West Coast, are planning to strike on New Year's Eve over a rest day working dispute.
($1 = 0.7869 pounds)
(Compiled by Bengaluru newsroom)
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