British Business - Nov. 29
Nov 29 (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
- Insurance company Aviva AV.L has contacted investors in bid target Direct Line DLGD.L, a move that could pave the way for a hostile takeover of the smaller rival.
- MacquarieMQG.AX has proposed buying waste management company Renewi RWI.L for 700.9 million pounds($890.14 million), the companies said on Thursday, more than a year after the asset manager's first attempt to take over the British firm.
The Guardian
- U.S.-based investment group Fortress Investment Group will buy British cafe-bar and restaurant chain Loungers LGRS.L at an enterprise value of about 350.5 million pounds, the two firms said on Thursday.
- Britain's markets watchdog on Thursday re-cast proposals to publicly name companies under investigation, in its latest effort to defuse a fierce backlash against plans that have been labelled misjudged and harmful to London's competitiveness.
The Telegraph
- The bid for Britain's Telegraph newspaper has been extended until the end of the year as preferred bidder Dovid Efune faces funding delays.
Sky News
- Marks and Spencer MKS.L and Kingfisher KGF.L are among the retailers which are circling the remaining Homebase estate of close to 50 outlets, ahead of a deadline for offers on Friday.
- Leading investors in Wefox, the troubled European insurance company, are engineering a 150 million euro($158.48 million)refinancing to avert the need to sell one of its most valuable remaining assets.
The Independent
- British lawmakers will debate proposals to allow mentally competent, terminally ill adults in England and Wales, with six months or less left to live, the right to choose to end their lives with medical help.
($1 = 0.7874 pounds)
($1 = 0.9465 euros)
(Compiled by Bengaluru newsroom)
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