PRESS DIGEST-British Business - Jan 2
Jan 2 (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
- Point72, the hedge fund firm run by Wall Street billionaire Steve Cohen, disclosed a short position in the Bristol-based company last month, according to filings with the Financial Conduct Authority.
- UK Prime Minister Rishi Sunak will make his first public appearance of the new year on Thursday, to promise pre-election tax cuts that will put "more money in people's pockets" in 2024.
The Guardian
- Film, TV and video-game producers will get more generous tax breaks in the UK from Monday, amid industry warnings that the country could lose out to others, particularly in animation and special effects.
The Telegraph
- Hedge funds are stockpiling barrels of raw uranium, known as "yellowcake", at a facility run by U.S. processing firm ConverDyn alone, as the nuclear fuel's price surges to 16-year highs.
- Anduril, a defence company founded by U.S. entrepreneur Palmer Luckey, who sold his virtual reality business to Facebook at the age of 21, will double its UK presence in the next two years as it expects a boom in defence technology.
Sky News
- Philip Jansen, the outgoing BT Group boss, has been approached about becoming the next chairman of advertising group WPP.
- The number of migrants who arrived illegally in Britain in small boats in 2023 was 29,437, provisional government figures showed, around 36% lower than the previous year.
(Compiled by Bengaluru newsroom)