Yahoo Finance PRESS DIGEST-British Business - Feb 13
Feb 13 (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
- UK real estate investment trust Tritax Big Box has reached an agreement for a possible all-share offer for rival UK Commercial Property REIT Ltd (UKCM) valued at 924 million pounds ($1.17 billion).
- Glencore will sell its stake in Koniambo Nickel SAS (KNS) in New Caledonia and production at KNS's processing plant will be halted for six months while a new investor is sought for the loss-making business.
- UK Prime Minister Rishi Sunak has pledged to drive through plans to build hundreds of thousands of new homes in Britain's biggest cities, as he admitted that the Conservatives had "much more to do" to help young people get on the housing ladder.
The Guardian
- Private equity-owned company The Body Shop filed the intention to appoint administrators.
- UK brewer Adnams has confirmed it has called in advisers to explore options to raise funds as the Suffolk-based brewer aims to secure its financial future.
The Telegraph
- Europe's largest car manufacturers have borrowed 4.4 billion euros ($4.74 billion) to build three new battery factories in the EU as the bloc seeks to cut dependence on China.
- Mayfair fund Silchester International Investors has taken a 120 million pounds ($151.40 million) stake in ITV as the broadcaster grapples with a deep advertising downturn and slump in its market value.
Sky News
- NatWest Group is preparing to pay out about 350 million pounds ($441.84 million) in staff bonuses as the government draws up plans for a retail share offer that could drastically reduce the state's remaining stake in the bailed-out lender
The Independent
- UK Prime Minister Rishi Sunak has accused Keir Starmer of having "no principles at all" over the Labour Rochdale by-election candidate Azhar Ali in a live TV grilling by undecided and swing voters.
($1 = 0.9285 euros)
($1 = 0.7926 pounds) (Compiled by Bengaluru newsroom)
