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PRESS DIGEST-British Business - Oct. 19

·2 min read

Oct 19 (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

- Goldman Sachs Group is preparing to become the last international bank to sign up to Mark Carney's targets for finance companies to align lending and investment portfolios with net-zero emissions by 2050. https://bit.ly/3nnpJmX

- The 6.2 billion pounds ($8.51 billion) American takeover of Meggitt, the UK defence and aerospace contractor, has been called in by the business secretary on the grounds of national security — a month after it was voted through by shareholders. https://bit.ly/3BPXcw6

The Guardian

- Goto Energy has become the latest of a series of gas and electricity suppliers to go bust as the sector struggles to cope with record high gas prices. https://bit.ly/3vn802i

- Facebook Inc is creating 10,000 jobs in the EU as part of its push to build a virtual world for its users. https://bit.ly/3lUP2xa

The Telegraph

- Pod Point plans to raise 120 million pounds on the London Stock Exchange in a test of investor appetite for cashing in on the switch away from petrol vehicles. https://bit.ly/3n8KUsu

- France has set a two-week deadline for Britain and Jersey to give French fishermen greater access to their coastal waters ahead of attempts by EU and UK negotiators to find a resolution to the post-Brexit row over licences. https://bit.ly/3n515XN

Sky News

- Boris Johnson announces 10 billion pounds of foreign investment as he rolls out red carpet for business leaders, the event being hailed by the government as a chance to look at the role of the private sector in reducing carbon emissions. https://bit.ly/3DXfOer

- James Gundy, Chief Executive Officer of Braemar Shipping Services, told Sky News it could be another "18 months" before the industry weathers the sea of challenges causing massive disruption to the supply chain. https://bit.ly/3jcphq0

The Independent

Timpson employees are now able to claim prescription costs for hormone replacement therapy - used to treat symptoms of the menopause - on expenses, the company's chief executive has said. https://bit.ly/3pbqUs5

Klarna to launch a "pay now" function, adding to its buy now pay later (BNPL) service which has been criticised for allowing young shoppers to rack up debt. https://bit.ly/3FYmwmg

($1 = 0.7283 pounds) (Compiled by Bengaluru newsroom)

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