PRESS DIGEST-British Business - July 21
Jpmorgan Chase JPM | 0.00 | |
Prologis, Inc. PLD | 0.00 | |
Vodafone Group Public Limited Company Sponsored ADR VOD | 0.00 | |
Amazon.com, Inc. AMZN | 0.00 |
July 21 (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
- JPMorgan Chase JPM.N CEO Jamie Dimon has said that he wants to see Andy Burnham succeed as prime minister and make the UK thrive as the JP Morgan boss signalled that he would like London to remain the U.S. bank's home "for a long period of time".
- Vertical Aerospace, the UK-based developer of flying taxis, has committed to creating more than 1,000 British jobs by manufacturing its six-seater electric vertical take-off and landing aircraft in the country following the announcement of further government funding.
The Guardian
- Amazon's AMZN.O founder, Jeff Bezos, and the UK government have invested in a £2 billion ($2.69 billion) British artificial intelligence startup CuspAI that is aiming to become the "search engine for rare materials" that accelerates the next wave of technological breakthroughs.
- Alibaba's 9988.HK AliExpress was hit with a record €550 million fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform.
The Telegraph
- Vodafone VOD.L has been dealt a setback in its race against Elon Musk's Starlink to launch mobile phone coverage from space in Britain.
Sky News
- British private equity firm Modella Capital has expressed interest in buying luxury department store chain Harvey Nichols.
- U.S. President Donald Trump said on Monday he had a "very good conversation" with new British Prime Minister Andy Burnham, adding he would be meeting him "in the not too distant future."
The Independent
- Britain's Segro SGRO.L rejected a higher £13.5 billion takeover bid from Prologis PLD.N, escalating a standoff as the U.S. warehousing giant urged its rival's shareholders to push the board to agree a deal.
($1 = 0.7445 pounds)
