Press Digest: British Business - October 23
PRESS DIGEST-British Business - October 23 Oct 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
The London Stock Exchange Group LSEG.L is buyingdebt intelligence provider Octus for $3.54 billion.
Sainsbury’s SBRY.L chief executive officer Simon Roberts urged finance minister John Healey to avoidbudget measures that raise employment costs, warning higher taxes could put upward pressure on food prices.
The Guardian
British supermarket group Waitrose openedits first new supermarket in eight years in north London, as part of £1 billion ($1.34 billion) investment plan.
A federal judge ordered US President Donald Trump to cooperatewith the discovery process mandated for his $10 billion defamation lawsuit against the BBC.
The Telegraph
Barclays BARC.L said it is cuttingabout 5,000 jobs that will be replaced by technology such as artificial intelligence to slash fixed costs and improve returns.
British airline Virgin Atlantic said it would carryon installing Elon Musk’s Starlink satellite internet despite criticism of the service from founder Richard Branson.
Sky News
Oxford quantum computing spinout QuantrolOx raised£10 million ($13.39 million) in a funding round led by IW Capital.
English football clubs face an annualbill of about £20 million under proposals by the Independent Football Regulator to impose a levy on professional clubs to fund the sport's new watchdog.
($1 = 0.7466 pounds)
(Compiled by Bengaluru newsroom)
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