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PRESS DIGEST-British Business - May 18

·2-min read

May 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

Philip Jansen, the chief executive officer of BT Group Plc has bought further shares in the telecoms group worth 2 million pounds ($2.83 million), bringing the total since his appointment to more than 10 million pounds.

Goldman Sachs will launch an app in Britain for customers of Marcus, its digital bank, in the next few weeks and will offer automated investment management by the first quarter of next year.

The Guardian

Britain risks mirroring Italy's economic woes unless it develops a strategy for tackling the five seismic changes that will shape a decisive decade for the country, a report has warned.

The UK government's bill for tackling COVID-19 has risen by 100 billion pounds since the start of the year and now stands at 372 billion pounds, according to the independent watchdog that oversees Whitehall spending.

The Telegraph

A consortium led by Rolls-Royce is in talks to raise 300 million pounds for the development of mini nuclear reactors it hopes can make Britain a world leader in renewable energy and power the "green industrial revolution".

Accounting firm BDO has told its 5,500 staff that they can work where they want post-pandemic, in the latest sign that a significant proportion of white collar workers will not return to city centres when COVID-19 restrictions are fully lifted.

Sky News

The London-listed life insurance consolidator Phoenix Group Holdings Plc is closing in on a deal to sell its European operations in a deal worth about 550 million pounds.

CVC Capital Partners, the former owner of Formula One motor racing, is in exclusive talks to buy the British holiday parks operator Away Resorts, Sky News reported. ($1 = 0.7065 pounds) (Compiled by Bengaluru newsroom)

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