November 27, 2018 / 1:29 AM / 2 years ago

PRESS DIGEST- British Business - Nov 27

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

Norwegian oil and gas company DNO ASA has made a hostile bid for Faroe Petroleum Plc that values the explorer at 608 million pounds ($779 million).

The British competition watchdog has warned that a prospective tie-up between U.S. payments firm Paypal Holdings Inc and Swedish start-up iZettle could mean higher costs for customers.

The Guardian

Carlos Ghosn has been sacked as chairman of Mitsubishi Motors Corp, a week after he was arrested in Japan for alleged financial misconduct.

U.S. President Donald Trump said British Prime Minister Theresa May's Brexit deal sounded like a "great deal" for the European Union that would stop the UK trading with the United States.

The Telegraph

Pala Investments, an investment fund based in Switzerland, is looking to rescue the Drakelands tungsten mine in Devon after its owner Wolf Minerals went into liquidation last month, but talks have hit a snag over the cost of restoring the land after its working life is over.

Sky News

Events and information group RELX Plc is planning a 100 million pound takeover of the weekly magazine Times Higher Education, sources said.

The Bank of England has released the names of more than 800 people nominated as part of the public process to choose a scientist to appear on the next 50 pound note.

The Independent

General Motors Co will fire 14,700 workers in North America and put five plants up for possible closure as it restructures to cut costs.

$1 = 0.7806 pounds Compiled by Bengaluru newsroom, Editing by Rosalba O'Brien

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