Sept 18 (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
– British software company Deloitte has been ordered to pay 15 million pounds ($19.46 million) fine for “serious and serial failures” in its audit of Autonomy. https://bit.ly/32D6xIC
– The founder of Nvidia Corp has promised to sign a “legally binding” agreement to preserve jobs and investment at Arm Holdings after he takes control of the British microchip designer. https://bit.ly/2ZOvor4
The Guardian
– John Lewis Plc is scrapping its annual staff bonus for the first time in 67 years after warning that it could be in line to record its first ever annual loss since the employee-owned business was set up in 1920. https://bit.ly/35NM71E
– The value of Queen Elizabeth’s land and property has been written down by more than 500 million pounds following a steep fall in rental receipts from shops. https://bit.ly/3hE9nB9
The Telegraph
– Czech billionaire Daniel Kretinsky disclosed a 3% stake in J Sainsbury Plc, worth roughly 130 million pounds. https://bit.ly/3c7vr6l
– Britain’s Cornish Lithium said it has found “globally significant” grades of lithium underground in Cornwall, raising hopes that the lithium explorer could meet a large amount of the UK’s demand for the battery material. https://bit.ly/3kkHcZY
Sky News
– The Bank of England said that Britain’s economy is “less weak” than previously expected but a recent rise in COVID-19 cases could take its toll on activity. https://bit.ly/2RE84Yp
– Eight Fifty Food Group, the owner of Young’s Seafood, is in talks with investment bankers about starting preparations for a London initial public offering (IPO). https://bit.ly/32GyPC8
($1 = 0.7708 pounds) (Compiled by Bengaluru newsroom)
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