December 4, 2018 / 1:50 AM / 9 months ago

PRESS DIGEST - British Business - Dec 4

Dec 4 (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 GlaxoSmithKline Plc has struck a 4 billion pound ($5.09 billion) deal to buy an American cancer drug specialist. It said it had agreed to pay $75 a share for Tesaro Inc. Tesco Plc has said that the proposed merger of J Sainsbury Plc and Asda should not go ahead unless "extensive remedies" are provided by its rivals. The Guardian Mike Ashley, the founder and chief executive of Sports Direct, has called for a tax on retailers that make more than a fifth of sales online as he said many high streets were "already dead" and more would be killed off without government intervention. Court cases conducted by email, more pleas made online and judges helped by artificial intelligence are likely to feature in the next stage of digital law reform, the justice minister Lucy Frazer has revealed.

The Telegraph Royal Dutch Shell Plc will bow to the mounting climate concerns of shareholders by anchoring the pay packets of its top bosses to tougher carbon emission targets, making it the first major oil company to embed climate change targets in its executive pay policy, subject to a shareholder vote in 2020.

Irish meat entrepreneur Tom Cribbin has carved up the rump of collapsed butchers chain Crawshaw Group Plc, buying the brand, its 19 remaining stores and its Rotherham factory out of administration for 1.4 million pounds

Sky News

Retail tycoon Mike Ashley has said he is in talks to sell Newcastle United in a deal he hopes will go through before the January transfer window.

Total SA has warned dozens of its petrol stations have run dry in France following the worst rioting to hit the country in 50 years.

The Independent

Qatar will leave the oil producers' group OPEC in January to focus on liquefied natural gas.

The performance of UK manufacturing was "lacklustre" in November, as Brexit continued to bite, according to the Purchasing Managers' Index.

$1 = 0.7861 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below