British Business - Nov 26
Nov 26 (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
- Britain's financial regulator has fined Barclays BARC.L 40 million pounds ($50.10 million) for its failure to disclose payments made to Qatari entities in 2008, after the bank on Monday said it had dropped its appeal over the case.
- UK-based Vertical Aerospace M000.F and Mudrick Capital have signed a non-binding term sheet under which the investor will convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028.
The Guardian
- Casinos and bookmakers in Great Britain will be forced to pay a 100 million pound-a-year levy to fund research, education and treatment of gambling harms, under government plans to be announced as soon as this week.
- The UK government has promised to do all it can to assist James Scott Rhys Anderson, a former British soldier fighting for Ukraine who has been taken prisoner by the Russian army.
The Telegraph
- Gail's, the upmarket bakery chain embroiled in a gentrification row, has appointed advisers to kickstart a 500 million pound sale process.
- HSBC's HSBA.L chief sustainability officer, Celine Herweijer, has stepped down weeks after a management reshuffle removed her role from the lender's executive committee.
Sky News
- British finance minister Rachel Reeves on Monday said she would never have to repeat the tax hikes of her first budget, an attempt to reassure businesses that were caught off-guard by a 25 billion-pound tax rise.
The Independent
- Britain's government said on Tuesday it plans to increase access to mental health support and to reform job centres as part of its push to get more people back into the workforce.
($1 = 0.7984 pounds)
(Compiled by Bengaluru newsroom)
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