PRESS DIGEST- British Business - June 23
June 23 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.
LONDON, March 30 Saudi Aramco (IPO-ARMO.SE) has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world's largest equity sale, sources familiar with the matter told Reuters.
The trio join Moelis & Co and Evercore, which have been appointed independent financial advisers, one source said. The company has also appointed Saudi Arabia's NCB Capital and Samba Capital as local advisers, the sources said.
Saudi Aramco said it did not comment on rumour or speculation. (Reporting by Ron Bousso in London,; David French in New York, Davide Barbuscia in Dubai and Reem Shamseddine in Khobar,; Writing by Tom Arnold; Editing by Edmund Blair)
LONDON, June 23 Britain's deal with EDF to build the Hinkley Point C nuclear plant is risky and could lead to requests for more cash and electricity payment top-ups worth 30 billion pounds ($38 billion), a parliamentary watchdog said on Friday.
LONDON, June 23 U.S. subscription-based airline Surf Air launched in Europe on Friday as it bids to tap into the frequent flyer market, challenging the continent's traditional airlines with a model of unlimited flights for a monthly fee.