PRESS DIGEST-British Business - Nov 30

- 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

- Saudi Arabia's sovereign wealth fund Public Investment Fund is to take a stake in London Heathrow as part of a 2.4 billion pound ($3.05 billion) deal as Ferrovial FERF.AS checks out 17 years after buying into Britain's biggest airport.

- Hedge fund Elliott Associates and market maker Jane Street have lost a $472 million legal challenge to force the London Metal Exchange to pay compensation over the crisis in its nickel market last year.

The Guardian

- A group of MPs including the former Conservative party leader Iain Duncan Smith have asked ministers to use national security law to investigate the Barclay family's proposed deal to give control of the Telegraph to a consortium backed by the United Arab Emirates.

- The European Commission has hatched confidential Plan B proposals to "cushion" the impact of a looming 10% tariff on imports and exports of electric vehicles.

The Telegraph

- Bank of England Governor Andrew Bailey has claimed he is not an "ultra-pessimist" just days after warning that the outlook for the British economy was among the worst he'd ever seen.

- Office landlords are facing a 34 billion pound ($43.15 billion) cash crunch in Europe as staff shift to working from home, economists have warned.

Sky News

- Castore, the British sportswear brand backed by Sir Andy Murray and which adorns a host of Premier League football kits, has reached a valuation of nearly 1 billion pound ($1.27 billion) after scoring a bumper investment from a host of new backers.

($1 = 0.7879 pounds)

(Compiled by Bengaluru newsroom)


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