May 9, 2018 / 12:44 AM / a year ago

PRESS DIGEST- British Business - May 9

May 9 (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

The government is investigating ways to ban technology companies from transferring sensitive information to Europe if Brussels carries out its threat to block the UK from the Galileo satellite navigation system.

Vodafone Group Plc was on the brink of announcing a 19 billion euros ($22.54 billion) deal to buy a significant part of Liberty Global Plc's European cable business.

The Guardian

London-listed maker of treatments for ADHD and rare diseases Shire Plc has finally agreed to a takeover by the Japanese firm Takeda Pharmaceutical Co Ltd after it raised its offer to 46 billion pounds ($62.34 billion), making it the biggest deal in the pharmaceutical sector since 2000.

Britain's biggest mortgage lender Halifax has dismissed fears that the UK housing market is heading for a crash despite posting news of the biggest monthly drop in prices since shortly after David Cameron became prime minister.

The Telegraph

Fears are growing over the future of hundreds of UK steelworkers' jobs after Tata Steel Ltd began seeking buyers for five of its European businesses following a strategic review.

Facebook Inc is appointing new leaders to its main divisions, in the most substantial reshuffle in its history and in a move which reveals its blockchain ambitions.

Sky News

The Wall Street bank Goldman Sachs Group Inc has agreed to buy a stake in Trussle, a UK-based online mortgage broker, underlining the growing appetite of established lenders to invest in financial technology start-ups.

Plans for a merger between "big six" energy suppliers SSE Plc and npower face an in-depth investigation by regulators on fears that the deal could mean higher bills for households.

The Independent

Consumer credit agency Equifax Inc said hackers stole more than 145 million Americans' Social Security numbers and other identifying information during a massive breach last year.

$1 = 0.8429 euros $1 = 0.7379 pounds Compiled by Bengaluru newsroom; Editing by Lisa Shumaker

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