22 Nov (Reuters) – Here are the top business stories from British newspapers today. Reuters has not verified these stories and cannot guarantee their accuracy.
The Times – Paul Marshall has made a last-minute move to block an Abu Dhabi refinancing of the Barclay family’s £1.2 billion ($1.5 billion) debt, which could pave the way for a foreign takeover of The Telegraph newspapers. Meanwhile, Binance’s boss pleaded guilty to money laundering charges and will pay a $50 million fine as part of a $4 billion-plus settlement with US prosecutors.
The Guardian – The uncertainty caused by the Brexit vote and years of political turmoil has had a chilling effect on business investment in Britain, according to Bank of England deputy governor Sir Dave Ramsden. However, Europe’s energy and electric vehicle industries could provide some relief, as Northvolt claims its new sodium-ion battery technology could reduce dependency on scarce raw materials from China.
The Telegraph – Stellantis is in talks with CATL, the world’s largest battery maker for electric vehicles (EVs), about forming a joint venture to produce cheaper power cells. Additionally, Chancellor Jeremy Hunt has announced that the minimum wage in the UK will increase by £1 an hour to £11.44 per hour from next April, providing a boost to almost three million low-paid workers.
Sky News – Deliveroo riders cannot be represented by trade unions for collective bargaining purposes, ruled the UK’s highest court today. In addition, Shell’s electricity, phone and broadband provider arm has been fined £1.4 million by the communications regulator for breaking customer protection rules. (Compiled by Bengaluru newsroom)