Press Digest: British Business - July 17

Delivery Hero SE

17/07/2026 03:20

July 17 (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
Eli Lilly LLY.N will buy AtaiBeckley ATAI.O for up to $3.8 billion, joining a race among pharma majors to develop psychedelic treatments for depression and other mental health conditions.
Britain has nationalised British Steel, fully taking over the loss-making company that was previously Chinese-owned, in an effort to protect the future of steel production in the country. 
     
     
The Guardian
Vodafone VOD.L has settled a long-running legal claim filed by 62 of its former franchisees who alleged the mobile phone group "unjustly enriched" itself at their expense by up to 85 million pounds ($114.44 million).
Uber UBER.N agreed on Thursday to buy Germany's Delivery Hero DHER.DE at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from U.S. and European rivals.
     
        
The Telegraph
Supermarket giant Asda checkout staff will also work in store warehouses as part of its latest turnaround attempt by the debt-laden chain, which is struggling to improve its fortunes after declining sales.
     
Sky News
Fabrics and wallpaper business Osborne & Little, co-founded by the father of former chancellor George Osborne, is exploring a sale nearly 60 years after it was established.
Outgoing UK Prime Minister Keir Starmer's top business adviser, Varun Chandra, is to stay in Downing Street during the premiership of Andy Burnham, as the incoming prime minister strives for continuity in key policy areas.
     
     
The Independent
ABB ABBN.S has $14 billion for further acquisitions, CEO Morten Wierod said on Thursday, after the Swiss engineering group announced a record $5.5 billion purchase of British automation company Rotork ROR.L.
     
     
($1 = 0.7428 pounds)

 (Compiled by Bengaluru newsroom)
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