PRESS DIGEST-British Business - June 6
June 6 (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
- Fintech firm Wise WISEa.L plans to shift its primary listing to New York, citing deeper capital markets and faster growth opportunities in the US, dealing a major blow to London’s efforts to revive its financial market appeal.
- Unite Students has proposed a 705 million-pound ($956.83 million) cash-and-shares deal to acquire Empiric Student Property ESP.L, aiming to expand its dominance in the UK student housing market.
The Guardian
- Centrica CNA.L, owner of British Gas, has signed a 20 billion-pound deal with Norway's Equinor EQNR.OL to supply gas for 5 million UK homes annually over the next decade, with a future option to swap gas for hydrogen as part of the UK's transition to net zero.
- Amazon AMZN.O has pledged to crack down on fake reviews and penalize sellers and users who manipulate ratings, following a UK watchdog investigation that aims to restore consumer trust in online shopping.
The Telegraph
- Sir Elton John slammed the UK Government's Data Bill, accusing Labour of disrespecting musicians by allowing AI to train on copyrighted material without consent, calling for transparency and artist control to protect the creative industry.
- British defence giant BAE Systems BAES.L has secured an 880 million pound contract to build satellites for Donald Trump's "Golden Dome" missile defense system, aimed at tracking global threats like hypersonic missiles as part of a vast U.S. space-based shield.
Sky News
- British Airways-owner IAG ICAG.L faces a shareholder backlash over a proposed 2.7 million pound one-off share award for CEO Luis Gallego, with proxy adviser ISS urging investors to vote against the pay policy at the upcoming AGM.
- Bonuses for executives at six major UK water companies have been banned for the past financial year due to serious pollution breaches, though Ofwat cannot stop firms from compensating with higher salaries.
($1 = 0.7368 pounds)
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