PRESS DIGEST-British Business - July 6
BP PLC Sponsored ADR BP | 0.00 | |
ProShares Ultra MSCI Japan EZJ | 0.00 |
July 6 (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
EasyJet EZJ.L board has agreed to recommend a takeover offer from U.S. investment firm Castlelake that values the airline at £5.5 billion ($7.34 billion) or £6.90 per share.
The Guardian
Parcel delivery company Evri is suing the BBC for £1.2 million, alleging a Panorama documentary caused serious financial losses by deterring prospective clients.
The Telegraph
Former BP BP.L chair Albert Manifold had been preparing plans to cut the energy group's board from 10 members to eight as part of a broader governance review before his unexpected departure.
The Trump administration urged NATO allies to raise defence spending immediately or face consequences, warning ahead of a key summit that many countries remain behind a target to spend 5% of GDP on defence by 2035.
Sky News
- British chipmaker Pragmatic, which counts the National Wealth Fund among its investors, is in talks to raise about £150 million.
($1 = 0.7491 pounds)
