PRESS DIGEST-British Business - Nov 4

by Reuters
Thursday, 4 November 2021 00:32 GMT

Nov 4 (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 controlling shareholder of the Daily Mail publisher has been accused of trying to take it private on the cheap, in a sign of a potential investor revolt, Majedie Asset Management said that the offer by the Rothermere family to take Daily Mail and General Trust private was not generous enough.

The board of LV= is facing mounting criticism over the decision to sell the mutual insurer to an American private equity firm after it emerged that most of its 1.2 million members stand to receive only 100 pounds each from the 530 million pound deal.

The Guardian

Two of the world's biggest wind energy companies, Ørsted and Vestas, have warned of difficult conditions as slower-than-usual winds and supply chain difficulties delay manufacturing.

The online casino Sky Vegas offered free "spins" to recovering addicts during the industry's annual Safer Gambling Week, prompting concern that the messages could trigger relapses, the UK's Gambling Commission is investigating the incident.

The Telegraph

CNG Energy has become the latest power supplier to go bust as the industry reels from surging wholesale prices, The company's 41,000 business customers transferred to a new supplier by Ofgem, the industry regulator - but unlike domestic customers of failed energy businesses their funds will not be protected if they were in credit, meaning many could face significant losses.

NHS workers will not be forced to have a COVID jab this winter under plans being considered by ministers, despite warnings that rising cases could see the public put under greater restrictions.

Sky News

Kensington Mortgages and its backers have hired Morgan Stanley, to oversee an auction of the business, the financial services group which specialises in home loans to the self-employed is being put up for sale after seven years in private equity ownership.

British trawler released by French authorities after being seized last week, the Cornelis Gert Jan was held in a port in northern France last week, with accusations the boat was fishing in French waters without the correct documents.

The Independent

EU vice president Frans Timmermans says Boris Johnson's Brexit demand is impossible and he knows it, and it was 'extremely well-known in London' that UK demand could not be met.

Leading UK meat producers are having to send carcasses to the EU to be butchered before re-importing them again because of the ongoing post-Brexit staffing crisis.

(Compiled by Bengaluru newsroom)

Our Standards: The Thomson Reuters Trust Principles.