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Press Digest: British Business - October 9

PRESS DIGEST-British Business - October 9

- 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

  • British online fashion retailer ASOS ASOS.L said that a cybersecurity breach earlier this week had exposed some customers' personal information, including names and contact details, according to its initial investigation.

  • A former Barclays BARC.L trader whose conviction for rigging Libor was overturned plans to sue the lender.

The Guardian

  • Harvey Nichols’ Birmingham store is to close in January, with the loss of at least 60 jobs, while its Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group FRAS.L.

  • The Bank of England governor, Andrew Bailey, has urged the chancellor, John Healey, to agree a budget that reassures financial markets after the UK’s medium-term borrowing costs hit a fresh 19-year high.

The Telegraph

  • EasyJet EZJ.L is to cut thousands of flights from its winter schedule as the low-cost airline battles rising fuel costs.

  • Carlsberg is to close the historic Marston’s Brewery in Burton upon Trent as drinkers turn away from traditional cask ale.

Sky News

  • Bosses from companies including Arup, Barclays, EY and Oxford Nanopore are among those expected to join British business minister Jonathan Reynolds on a four-day trip to India.

  • British distribution platform Komerz is among the bidders circling Majestic Wine Group.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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