Yahoo Finance PRESS DIGEST-British Business - April 16
April 16 (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
- European private equity firm CVC Capital Partners, has announced plans to list in Amsterdam at a valuation of up to 15 billion euros ($15.93 billion) in a further blow to the London stock market.
- Troubled water company Thames Water must present its plans to Ofwat before the regulator's publication on June 12 of its draft determinations that set out what households will pay in water bills through to 2030.
The Guardian
- Blackstone Group is to buy site in north-east England previously owned by the Britishvolt for 110 million pounds ($136.76 million), to build one of Europe's largest data centres.
- EasyJet cancels flights to and from Tel Aviv until Sunday, while Wizz Air said it will resume flights on Tuesday after cancelling services from Saturday to Monday, after Iran attack on Israel
The Telegraph
- The prospect of losing talent to the US was the "biggest threat" for Britain's fintech sector, which has been hit by a drop-off in investment in recent years, Francesca Carlesi, UK chief executive of Revolut warned.
- Tesla to cut more than 14,000 jobs in the biggest layoffs in its history, Musk told staff in an internal email, as the car company reckons with slowing demand for electric cars and aggressive competition from cut-price Chinese rivals.
Sky News
- Sparta Capital Management urged in a letter to John Wood Group's chairman Roy Franklin to explore a U.S. listing or a sale of the company after seeing its shares slump by more than a third during the last 12 months.
- An arm of Standard Chartered, SC Ventures takes stake in Algbra and will use the British-based company's technology to build Shoal, a new digital banking venture.
The Independent
- UK prime minister Rishi Sunak has doubled down on Britain's backing for Israel after Iran's "unprecedented" attack, but urged all sides to "show restraint" amid fears the Middle East crisis could spiral out of control.
($1 = 0.9415 euros) ($1 = 0.8043 pounds) (Compiled by Bengaluru newsroom)
