Press Digest: British Business - Aug 27
27/08/2025 02:12
Aug 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 - Swedish fintech Klarna KLAR.N will restart its plan to go public in the United States next month with a valuation of between $13 billion and $14 billion. - Filtronic, a British radio transmitter company has landed a near 50-million-pound ($67.55 million) contract with Elon Musk's SpaceX to support its Starlink internet service. The Guardian - The online fashion seller Debenhams DEBS.L, formerly known as Boohoo, is considering the sale of its Pretty Little Thing (PLT) brand and the closure of its distribution centre in Burnley, which could lead to the loss of 1,251 jobs - Nigel Farage, leader of Britain's anti-migration Reform UK party, announced a plan to repeal human rights laws to allow for mass deportations of asylum seekers, action he said was needed to prevent "major civil disorder". The Telegraph - Norges, Norway's $2 trillion wealth fund, said it has divested its 1.8 billion pound holding in U.S. construction equipment group Caterpillar CAT.N after pressure from ethics council. - German carmaker Porsche AG P911_p.DE has scrapped plans to produce high-performance batteries at its Cellforce unit, citing slow demand for electric vehicles and changed conditions in China and the United States. Sky News - Health and beauty retailer Bodycare, which employs about 1,500 people, could fall into administration as soon as next week unless a buyer is found. - AI-powered market research firm Streetbees has fallen into administration with all of its employees being made redundant after last-ditch talks to secure a rescue deal proved unsuccessful. ($1 = 0.7402 pounds) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))