Press Digest: British Business - Oct 15
15/10/2024 05:34
Oct 15 (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
- Greensill's administrators have recovered additional funds
of 41 million pounds ($53.5 million) for creditors of the
finance firm, which collapsed amid an outcry over its lobbying
of government officials.
- British finance minister Rachel Reeves declined to rule
out raising the national insurance taxes that businesses pay,
saying on Monday that a pre-election commitment not to raise the
rate of social security contributions applied to workers.
The Guardian
- Rail passengers could be entitled to compensation after
train operator Northern was accused of breaking its fare evasion
rules to prosecute commuters.
- Companies have pledged over 60 billion pounds of
investment into Britain as part of a summit on Monday that has
attracted business leaders from around the world, according to
Rachel Reeves, the country's finance minister.
The Telegraph
- US news website The New York Sun has entered into
exclusive talks to buy The Telegraph for more than 500 million
pounds.
Sky News
- Crane NXT CXT.N , a New York-listed industrial technology
group, was on Monday night finalising a 300 million pound
takeover of De La Rue's DLAR.L authentication division.
- Parcel locker company InPost INPST.AS is in "very
advanced talks" to buy the 70% stake it does not already own in
British logistics firm Menzies.
The Independent
- British finance minister Rachel Reeves announced her
fourth big tax freeze on Monday, pledging to cap corporation tax
at 25 per cent for the lifetime of this parliament.
($1 = 0.7655 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))