PRESS DIGEST-British Business - April 18

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 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 - Payments provider Network International is considering recommending a £2 billion ($2.47 billion) takeover offer from a consortium of private equity investors to its shareholders.


- Britain Prime Minister Rishi Sunak is under investigation by the UK parliament's ethics watchdog over claims he should have told MPs that his wife Akshata Murthy might benefit from a childcare policy unveiled in the budget.


The Guardian - Ineos, the company founded and run by the British billionaire Sir Jim Ratcliffe, will build an electric version of its new Grenadier off-road vehicle in Austria.


- UK Ministers are considering an overhaul of the bidding process to fund new renewable energy projects in an effort to create green jobs, amid U.S. President Joe Biden's subsidy race.



The Telegraph - Cash is to become "less useable" as shoppers embrace the internet and high street stores increasingly reject bank notes, the deputy governor of the Bank of England Sir Jon Cunliffe said on Monday.


Sky News - The owners of UK's breakdown recovery service AA are exploring the sale of a large stake in the company two years after taking it private.
($1 = 0.8085 pounds) (Compiled by Bengaluru newsroom)

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