October 1, 2023 11:02 pm
PRESS DIGEST-British Business – June 9

June 9 (Reuters) – The following are the prime stories on the organization pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Instances

– Britain’s competitors regulator is leaning towards blocking Hitachi’s 1.7 billion euro ($1.83 billion) acquisition of Thales amid concern it could decrease competitors and raise expenses, shortly just before a large upgrade to the national railway network.

The Guardian

– Former UK Prime Minister Boris Johnson has been provided the findings of an investigation into irrespective of whether he misled parliament more than Partygate.

– UK Prime Minister Rishi Sunak and U.S. President Joe Biden have announced a deal for transatlantic cooperation that moves the UK firmly into the U.S. administration’s financial orbit and marks a revival in ties right after the turbulence of Brexit.

The Telegraph

– HSBC has pulled all its mortgages due to “considerable demand” as borrowers rush to safe the finest offers amid soaring prices.

Sky News

– A fund backed by Peter Thiel, a single of the world’s most prominent technologies investors, is injecting fresh funding into a British payments get started-up which aims to compete with credit card giants Visa and Mastercard.

The Independent

– A record £2.four billion ($three.01 billion) was paid out in motor claims in the very first quarter of this year as firms obtain surging expenses increasingly difficult to absorb, according to the Association of British Insurers (ABI).

($1 = .7961 pounds) ($1 = .9273 euros) (Compiled by Bengaluru newsroom)

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