PRESS DIGEST-British Business – Sept 14


Sept 14 (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

– Ministers should block the $40 billion sale of Arm Holdings to protect Britain’s technology industry and prevent the country becoming more dependent on the United States, according to one of its founders. https://bit.ly/35F27Tc

– British and European leaders have just weeks to save the car industry from the “devastating” impact of a no-deal Brexit, carmakers from across the continent have warned. https://bit.ly/2GYnXXK

The Guardian

– Nimax Theatres will reopen all six of its West End venues from October for a season of socially distanced shows. https://bit.ly/3kcpLdZ

– The government’s coronavirus testing programme is dealing with a backlog of 185,000 swabs, with tests being sent to Italy and Germany as local labs are overwhelmed. https://bit.ly/3mgneBj

The Telegraph

– UK Ministers are ready to seize control of the railways after more than a quarter of a century of private ownership. https://bit.ly/3miR3Bd

– Restaurant chain Cote Brasserie, owned by buyout firm BC Partners, could change hands through a debt-for-­equity swap after suffering a financial blow during lockdown. https://bit.ly/2FhzW2d

Sky News

– A pack of turnaround investors, private equity funds and food groups are vying to snap up Hovis, one of Britain’s best-known food brands, in a deal that could be worth well over 100 million pounds ($128.04 million). https://bit.ly/2Fj51CJ

– The John Lewis Partnership is plotting the takeover of a fast-growing recipe box provider backed by the former Wimbledon champion Sir Andy Murray as it seeks to tap into consumers’ post-pandemic penchant for subscription services. https://bit.ly/2Zz2f2K

($1 = 0.7810 pounds) (Compiled by Bengaluru newsroom)

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