PRESS DIGEST-British Business - July 23

Paramount Skydance
Prologis, Inc.

Paramount Skydance

PSKY

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Prologis, Inc.

PLD

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- 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

- My Pension Expert, based in Doncaster, has agreed a strategic investment with Valeas Capital Partners, a San Francisco-based private equity firm, which has taken about a 75% stake.

- British publisher Bloomsbury is among those sharing in a record $1.5 billion legal settlement with Anthropic, which was found to have used copyrighted books to train its artificial intelligence models without purchasing the content.

The Guardian

- U.S. President Donald Trump must divulge detailed financial information from his many businesses as part of his $10 billion defamation lawsuit against the British Broadcasting Corporation (BBC), a federal judge ruled during a discovery hearing on Tuesday.

- The European Commission said Paramount’s PSKY.O offer to ⁠end a film ⁠distribution ​joint venture with Universal Pictures addressed its concerns over the potential merger.

The Telegraph

- Segro SGRO.L, which owns a significant hub of data centres in Slough, said on Wednesday that it would probably agree to a bid from Prologis PLD.N after the warehousing giant improved its offer for the digital infrastructure business.

- Germany is pushing to join Britain’s £50 billion ($66.92 billion) future fighter-jet programme after pulling out of a deal with France.

Sky News

- Former chief executive of Southern Water faces a charge of conspiracy to defraud alongside three other former employees.

The Independent

- A group of over 100 UK-based millionaires, including screenwriter Richard Curtis, novelist Val McDermid and ex-City trader Gary Stevenson, signed a letter urging British Prime Minister Andy Burnham to tax their wealth.


($1 = 0.7472 pounds)