PRESS DIGEST-British Business - April 30

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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

- The Barclay family faces losing control of Very Group, the last major holding in their business empire, as their lenders in the Gulf plan a sale to recoup a 1.2 billion pounds ($1.51 billion) debt refinancing.

- U.S. investment giant Blackstone BX.N has agreed to acquire the Hipgnosis Songs Fund SONG.L for $1.57 billion after topping a rival offer in the latest twist in the bidding war for the London-listed music rights investment company.

The Guardian

- Senior Whitehall officials fear Thames Water's financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget.

- The grocery courier firm Getir is to quit the UK, Germany, the Netherlands and the United States to focus on its home market of Turkey amid heavy competition and waning demand for rapid home deliveries.

The Telegraph

- Aurelius, the private equity buyer of The Body Shop, paid just 3.5 million pounds ($4.39 million) upfront for the retail chain before its collapse despite agreeing to a 207-mln-pound deal last year.

- The chairman of Ocado OCDO.L has insisted that plans to pay its founder Tim Steiner a bonus worth up to 14.8 million pounds ($18.57 million) are fair, despite a shareholder backlash against the proposals.

Sky News

- Monzo, the fintech which has become one of Britain's biggest consumer banking groups, is this weekend putting the finishing touches to an expanded fundraising involving one of the world's best-known technology investors.

- M&G MNG.L, the London-listed owner of Superdry's flagship store in central London, is weighing a challenge to a rescue plan that would impose steep haircuts on the struggling chain's landlords.

The Independent

- Humza Yousaf quit as Scotland's first minister in a huge boost for Labour leader Sir Keir Starmer's hopes north of the border.

($1 = 0.7972 pounds)

(Compiled by Bengaluru newsroom)


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