Yahoo Finance PRESS DIGEST-British Business - May 24
May 24 (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
Billionaire Patrick Drahi has increased his stake in BT Group PLC to 24.5%, but reiterated that he does not plan a full takeover for Britain's biggest telecoms group.
Drax Group PLC has set out plans to invest $4 billion in two new bioenergy with carbon capture and storage (BECCS) plants in America, as it prepares to take advantage of tax breaks under America's Inflation Reduction Act
The Guardian
Shell PLC's annual shareholder meeting in London descended into chaos with more than an hour of climate protests delaying the start of a meeting in which investors in the oil company rejected new targets for carbon emissions cuts.
The International Organization of Securities Commissions has urged the UK to regulate cryptocurrencies in the same way as traditional assets such as stocks and bonds.
The Telegraph
Elon Musk says Tesla Inc. will 'strongly consider' building gigafactory in England.
Netflix to charge 5 stg for sharing passwords, customers will face a monthly charge on top of their existing subscription for every additional household where the account is used.
Sky News
Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
The Independent
Scrapping retained European Union laws will "put a rocket under" the UK's domestic wine industry and potentially boost vineyards by £180 million, according to the environment secretary.
(Compiled by Bengaluru newsroom)
