Yahoo Finance PRESS DIGEST-British Business - March 12
March 12 (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
- Britain's biggest publishing houses including Penguin Random House, HarperCollins and Oxford University Press have written to dozens of technology companies including Google , Meta, and OpenAI, warning them that they must pay if they want to use content from books, journals and papers to build their artificial intelligence (AI) models.
- Mainstream crypto-backed securities could be traded by institutional investors in London within weeks after the Financial Conduct Authority eased its previous blanket resistance to the asset class.
The Guardian
- Thames Water has risked a fresh backlash over its commitment to tackling sewage dumping after it declined to commit funds to a 180 million pound ($230.63 million) industry-wide initiative to fast-track efforts to reduce pollution in England's waterways.
- The US investment group Elliott has ended its bid to buy Currys after previous offers were rejected by the electrical goods retailer.
The Telegraph
- Xlinks the developer behind a flagship 16 billion pound cable that will link Moroccan solar and wind farms to British homes has threatened to instead send electricity to Germany.
Sky News
- Superdry is discussing a new facility with Hilco to borrow an additional 10 million pounds or more as it seeks new financial headroom amid a steep downturn in trading.
- A ballot on an 836 million pound financial settlement with the English Football League has been aborted amid disagreements among top-flight clubs.
The Independent
- Former Ferrari driver Felipe Massa has taken action in the London High Court against Formula One, former commercial supremo Bernie Ecclestone and the governing FIA seeking recognition as 2008 world champion and financial compensation. ($1 = 0.7805 pounds) (Compiled by Bengaluru newsroom)
