PRESS DIGEST-British Business - April 5

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 5 (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


If the bosses of Credit Suisse had any doubts about the prevailing mood among the 1,700 shareholders who gathered yesterday for the stricken bank's final annual meeting, they would have been dispelled when the first investor took the stage.


Microsoft has stressed its commitment to Britain after reportedly shelving plans to establish a new office in London, months after announcing proposals to lay off 10,000 staff across the world.


The Guardian


TikTok has been fined 12.7 million pounds ($15.88 million) for illegally processing the data of 1.4 million children under 13 who were using its platform without parental consent, Britain's data watchdog said.


The online shop Book Depository is due to close at the end of April, vendors and publishing partners have been told by the bookseller's parent company Amazon.



The Telegraph


A policymaker with the Bank of England has insisted that its COVID money-printing spree is not to blame for double-digit inflation amid the steepest price rises in 41 years.
Virgin Orbit filed for bankruptcy protection in the United States in the early hours of Tuesday morning after failing to raise cash or find a buyer.


Sky News


Hammerson , one of Britain's biggest shopping centre owners, is facing demands from its biggest shareholder to accelerate asset sales and resume dividend payments ahead of its annual meeting next month.


The owner of The Original Factory Shop, one of Britain's biggest independent discount retailers, is firing the starting gun on a sale process after more than 15 years.


($1 = 0.7999 pounds)



(Compiled by Bengaluru newsroom)

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