Press Digest: British Business - January 23
23/01/2026 03:37
Jan 23 (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 - FitzWalter, the private equity firm that owns 22% of Auction Technology Group ATG.L says it failed to engage with its takeover offers and accused it of 'inconsistent information'. - Ministers must act swiftly to prevent further large company failures after the government's "extremely concerning" decision to scrap the audit reform bill, a group of auditors, shareholder representatives and non-executive director have said. The Guardian - Ovo Energy will pay a penalty of over 2.7 million pounds ($3.64 million) after failing to pass on government support payments for winter energy bills to thousands of vulnerable customers during the energy cost crisis. The Telegraph - Vanguard will scale back its exposure to UK stocks and bonds across a retail fund range managing about 52 billion pounds, despite government pressure on asset managers to steer more money into domestic markets. - U.S. President Donald Trump is suing JP Morgan JPM.N and its chief executive Jamie Dimon for $5 billion over claims it debanked him. Sky News - HSBC Holdings' HSBA.L new chairman Brendan Nelson will be among the business leaders who travel to China with Keir Starmer next week as the prime minister tries to reset Britain's relationship with Beijing. - British credit data firm ClearScore will announce the acquisition of mortgage technology platform Acre that will help diversify its revenue base as it prepares for a public market listing. ($1 = 0.7413 pounds) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))