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Oct 27 (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
- In a surprise announcement, Britain's biggest grocery chain Tesco said that Jason Tarry, its UK and Ireland chief executive, would step down in March after more than 33 years at the company.
- Hein Schumacher, the new boss of Unilever, has admitted that the consumer goods group may dispose of some "non-power" brands while laying out plans to improve the company's performance.
The Guardian
- Shareholders in the music royalties investment fund Hipgnosis have voted overwhelmingly against continuing the business in its current form, throwing the future of the group into question.
- The UK's air traffic controller has been given the green light to increase charges by more than a quarter and add to the cost of flying, weeks after a system failure resulted in more than 2,000 flights being cancelled.
The Telegraph
- European car maker Stellantis has agreed to invest 1.3 billion pounds ($1.58 billion) in Hangzhou-headquartered Leapmotor, an eight-year-old electric vehicle manufacturer.
- Sovereign wealth funds and local councils are among a group of investors plotting a 100 mln pounds lawsuit against Boohoo after allegations of modern slavery wiped more than 1 billion pounds from the company's value.
Sky News
- Monzo is in talks about a 300 mln pounds plus fundraising that would underpin its status as the most highly valued digital bank in Britain.
- British fintech company Railsr, which was forced into insolvency just over six months ago, has secured a multimillion-pound funding boost as it sets its sights on a more measured growth path. ($1 = 0.8248 pounds) (Compiled by Bengaluru newsroom)