PRESS DIGEST-British Business - Aug 22
Aug 22 (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 American government has rejected claims by two whistleblowers that it failed to properly investigate allegations of sanctions violations by Standard Chartered STAN.L in a case that has drawn the personal attention of President Donald Trump.
- Britain's third-largest steel producer is under government control after the High Court placed part of Sanjeev Gupta's Liberty Steel group into insolvency.
The Guardian
- Figures from a classified Israeli military intelligence database indicate five out of six Palestinians killed by Israeli forces in Gaza have been civilians, an extreme rate of slaughter rarely matched in recent decades of warfare.
- Britain's Rail, Maritime and Transport union (RMT) said its members would take industrial action for seven days from September 5 amid a dispute over pay and workload.
The Telegraph
- UK's Deputy Minister Angela Rayner is facing a legal battle with green activists over plans for a 1 billion-pound ($1.34 billion) data centre on the edge of the M25. Campaigners have challenged a decision by the Deputy Prime Minister to wave through a twice-rejected data centre project in Iver, Buckinghamshire.
- Almost 500 million pounds have been wiped off WH Smith's SMWH.L market value after the retailer revealed a 30 million-pound accounting error. The company warned investors on Thursday that expected profits at its North American business had been significantly overstated.
Sky News
- World motorsport's governing body will this week give its public backing to an auction of the commercial rights to the 500 million-pound ($670.4 million) World Rally Championship (WRC), currently owned by Red Bull and a German investor, Sky News learns.
($1 = 0.7459 pounds)
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