PRESS DIGEST-British Business - August 13

Reuters
Aug 13
PRESS DIGEST-British Business - August 13

Aug 13 (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

Ministers are preparing to take Thames Water into temporary public ownership in a rescue that could pave the way for it to be sold off to a Chinese infrastructure company CKI 1038.HK.

Healthcare-focused real estate investment trust Assura AGRP.L has backed rival PHP's PHP.L takeover over a sale to private equity group KKR KKR.N.

The Guardian

UK ministers have appointed insolvency advisers to make contingency plans for the potential collapse of Thames Water, with FTI Consulting seen as frontrunner.

Vape sellers will have to pay for the disposal of the devices under plans announced by the government.

The Telegraph

British watch dealers have experienced a hit from the U.S. trade war with Switzerland, with American customers' demand for second-hand luxury timepieces slowing due to high tariff rates.

The Independent

Photography giant Kodak KODK.N has issued a warning regarding its future, stating there is "substantial doubt" about its ability to remain operational.

Online marketplaces must now report electronic items sold to UK consumers as part of new rules aimed at ensuring more firms share the burden of recycling costs.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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