PRESS DIGEST-British Business - August 18
Aug 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
- The acquisition of Oxford Ionics by IonQ IONQ.N at $1.1 billion could be delayed as the deal is subject to national security checks by the government under the National Security and Investment Act (NSIA).
- British motorists can now lease a Tesla TSLA.O electric vehicle for just over half what it cost a year ago, as Elon Musk's company attempts to boost its flagging sales in the UK.
The Guardian
- Sanjeev Gupta is planning a pre-pack deal to avert Liberty Steel's Speciality Steel UK Arm from liquidation.
- Three of the UK's biggest supermarkets, Tesco TSCO.L, Asda and Sainsbury's SBRY.L have suspended supplies from Somerby Top Farm after footage filmed covertly by an animal rights organisation appeared to show workers kicking piglets and hitting them with boards and paddles.
The Telegraph
- Great Portland GPEG.L has hired lawyers to investigate claims about its company culture made by a whistleblower.
- Biffa, one of the UK's biggest waste management companies is battling a plague of fires caused by exploding disposable vapes.
Sky News
- Hedley Studios, a company which makes miniaturised electric versions of classic cars has secured a rescue deal led by an American merchant banking group.
The Independent
- British Prime Minister Keir Starmer will travel to Washington for meetings with U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskiy and other European leaders on Monday.
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