British Business - Aug 12
Aug 12 (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
- Elon Musk has thrown the tech industry's main anti-terror organisation into turmoil amid claims X has become the top platform for hosting Hamas videos.
- Media tycoon Patrick Drahi is thought to have quietly sold part of his near 25% ownership of BT BT.L in recent months.
The Guardian
- British water companies that fail their customers will have to hand over higher compensation to affected households and businesses under plans announced by the government on Monday.
- The bosses of Britain's biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), research on Monday showed, as British workers argue for higher wages.
The Telegraph
- Tesco TSCO.L has agreed to introduce "digital passports" across its clothing range amid a looming sustainability crackdown by the EU.
- Minister for Energy Security and Net Zero Ed Miliband has been urged to intervene in a row over Moorside, a mini nuclear power plant in Cumbria, amid fears a government quango is hoarding land needed for the project.
Sky News
- LDC, the private equity arm of Lloyds Banking Group LLOY.L, has hired KPMG to sell its minority position in Zip World, the operator of seven adventure parks across the UK.
(Compiled by Bengaluru newsroom)
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