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PRESS DIGEST-British Business - May 12

05/11/2021 20:54
PRESS DIGEST-British Business - May 12

- 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

- AstraZeneca AZN.L suffered a shareholder revolt over plans to increase the potential bonuses of Pascal Soriot, its chief executive, in the latest controversy to hit the pharmaceutical company. https://bit.ly/33Aab5x

- Student unions in UK will be legally obliged to protect freedom of speech for the first time and could be taken to court by cancelled speakers, the government has announced. https://bit.ly/3tEeDuS

The Guardian

- David Cameron lobbied ministers and senior officials 56 times at the height of the pandemic in an increasingly desperate attempt to beg the government to support a controversial bank he worked for and owned a stake in. https://bit.ly/33BNkqo

- Rescue plans put forward by the high-cost lender Amigo Loans were thrown into doubt on Tuesday after a U-turn by the main financial regulator, which said it would object in court to a deal, reversing its previous stance. https://bit.ly/3uH3avQ

The Telegraph

- Spain is preparing to ditch its requirement for any British holidaymakers to present a negative COVID test upon arrival from May 20 following the UK's success in reducing the infection rate. https://bit.ly/2Rcz2tx

- Pfizer has asked the UK regulator to approve its vaccine for use in young teenagers as US watchdogs signalled their approval for the step. https://bit.ly/3o7UzzG

Sky News

- Lyst, the online premium fashion platform, will this week hint at plans to pursue a public listing when it announces an $85 million fundraising backed by a string of blue-chip investors. https://bit.ly/3f8QxmF

- Soho House Group, the global network of private members' clubs, is to change its name and offer its shares to tens of thousands of customers as part of a plan to give it a flying start to life as a publicly listed company. https://bit.ly/3blnkDN

(Compiled by Bengaluru newsroom)

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