PRESS DIGEST-British Business – Aug. 17

Aug 17 (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 heads of the vaccine businesses at GlaxoSmithKline Plc and Sanofi SA, which are developing a COVID-19 vaccine together, said that “rapid progress” was being made in the battle to treat the disease, but that collaboration and protecting as many people as possible were more important than being first.

The housing market had its busiest month for at least a decade in July as the value of property sales reached a record 37 billion pounds ($48.47 billion), according to property website Rightmove.

The Guardian

Sir Cameron Mackintosh, the West End producer of Les Misérables and Hamilton, has made about 200 employees redundant in the latest blow to the theatre industry.

Serco Group Plc, the company awarded a contact-tracing contract worth 108 million pounds, was fined 2.6 million pounds for failures on another government contract just months ago, the Guardian has learned.

The Telegraph

Cineworld Group Plc, the world’s second largest cinema chain, is facing a court battle after one of its landlords launched legal action against the cinema chain over unpaid rent.

TikTok has shut down an English language news app it owns amid political tensions over the company’s Chinese owners, which is facing questions about censoring articles that are critical of Beijing.

Sky News

The Post Office, the UK government-owned company, is to appoint one of its army of postmasters to its board for the first time as part of its bid to move on from the multi-million pound scandal which left some of its managers wrongly sent to prison.

($1 = 0.7634 pounds) (Compiled by Bengaluru newsroom)

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