British Business - May 15
May 15 (Reuters) -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
- Anglo American AAL.L is considering a stock market flotation of De Beers under plans to break up the miner's sprawling operations and see off a 34 billion pound ($42.83 billion) takeover approach by BHP BHP.AX.
- Revolution RBG.L, one of Britain's biggest bar operators, said the first phase of the formal sales process and M&A process has not resulted in any proposals relating to the acquisition of the company.
The Guardian
- The boss of Tesco TSCO.L, Britain's largest supermarket group, saw his pay package more than double to almost 10 million pounds($12.60 million)in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis.
- Stellantis STLAM.MI will sell cheap electric cars made by its Chinese partner Leapmotor in Europe, including the UK, as it criticised Joe Biden's decision to impose a 100% tariff on Chinese EVs imported to the US.
The Telegraph
- British power company Drax DRX.L has drawn up plans for the world's first wood-powered cargo ship, claiming that the controversial power source can help to cut greenhouse gas emissions from sea freight.
Sky News
- Klarna, which is setting up a new UK-based holding company, is now zeroing in on a New York listing early next year.
($1 = 0.7938 pounds)
(Compiled by Bengaluru newsroom)
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