PRESS DIGEST-British Business – September 9

September 9 (Reuters) – The following are the main stories on the business pages of UK newspapers. Reuters has not verified these stories and does not guarantee their accuracy.

The temperature

– The jump in inflation will be short-lived and price growth will fall after peaking in a decade later this year, Bank of England Governor Andrew Bailey said. https://bit.ly/3ne069o

– Facebook Inc responded to the Competition and Markets Authority’s suggestions to sell Giphy in a heavily worded 14-page rebuttal in which it denied having “significant market power” in the UK display advertising industry. https://bit.ly/3DTMoi5

The Guardian

– Environmental activists have slammed the UK government for apparently removing references to Paris climate agreement temperature targets from a possible trade deal with Australia. https://bit.ly/3yVawgv

– The $ 4 billion merger of ticket resale websites Viagogo and StubHub may continue after Britain’s competition regulator approved a plan that will see StubHub’s international operations sold to a new market entrant, the American investment group Digital Fuel Capital. https://bit.ly/3heoSCO

The telegraph

– Britain was forced to ask France to send less electricity across the Channel after technical issues with a trading platform in Europe threatened a risky power increase. https://bit.ly/3E9IAth

– The battle for the takeover of WM Morrison Supermarkets is set to be settled in a highly unusual one-on-one auction that supermarket bosses say will raise the auction to over £ 7bn (9.63bn of dollars). https://bit.ly/3Ea7l8C

Sky News

– Workers at two Weetabix Ltd factories are due to go on strike later this month in a contract dispute, union Unite said. https://bit.ly/3E2EMcS

– JD Sports Fashion plc is considering an investment in Missguided Ltd, the online women’s fashion sensation, which could involve an outright takeover of the company. https://bit.ly/3ngoFmq

The independent

– People trafficked to Britain could be “excluded” from support and have their existing vulnerabilities “exacerbated” under Priti Patel’s new immigration plans, warned British Tsar of Modern Slavery . https://bit.ly/2WZF0kH ($ 1 = 0.7267 pounds) (Compiled by Bengaluru Newsroom)


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