PRESS DIGEST-British Business - February 5

Reuters
Feb 05
PRESS DIGEST-British Business - February 5

Feb 5 (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

UK-based AI voice company ElevenLabs secured a further $500 million, tripling its value, following last year's launch of its 'iconic voice marketplace.'

The mounting scandal over mis-sold car loans has forced Santander UK SANS_pa.L to lift the sum it has set aside to potentially compensate motorists to more than 460 million pounds ($626.93 million).

The Guardian

Drax DRX.L insiders privately raised concerns over its sustainability claims, court papers have shown.

Chinese carmaker Chery 9973.HK is launching a fourth brand in the UK under the Lepas brand.

The Telegraph

Shell's SHEL.L chief executive Wael Sawan is on course to become one of the best-paid executives on the London Stock Exchange as his company's move away from green energy pays off.

Sky News

Tungsten West TUNT.L is finalising plans for a share sale which could raise more than 40 million pounds ($54.52 million).

Barclays BARC.L and NatWest NWG.L will both offer more than 2 billion pounds ($2.73 billion) for wealth management group Evelyn Partners.

The Independent

A trade union has criticised energy company Drax DRX.L over plans to cut more than 350 jobs, saying it has "betrayed" its workforce and wider communities.

NatWest NWG.L has pledged to lend 10 billion pounds ($13.63 billion) to the UK's social housing sector by the end of 2028, after reaching a previous funding target a year early.

($1 = 0.7337 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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