Press Digest: British Business - July 17

Harland & Wolff group

17/07/2024 03:37

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
    - The FTSE 250 precision instruments company Spectris
 SXS.L  has struck a deal to buy U.S.-based Micromeritics for an
upfront 485 million pounds($629.14 million)in its latest bolt-on
acquisition.
    
    - Ofwat has opened cases against four more water companies,
including Severn Trent  SVT.L  and United Utilities UU.L  , as
the regulator expands its investigation into sewage spills.
    
    The Guardian
    - Harland & Wolff HARL.L , the owner of the Belfast shipyard
that built the Titanic, has insisted that it is still awaiting a
government decision on a 200 million pounds ($259.44
million)intervention despite signs that Labour is due to reject
the financial lifeline.
    
    - Britain's competition regulator The Competition and
Markets Authority (CMA) has launched a full investigation into
Microsoft's  MSFT.O  deal with AI startup Inflection.
        
    The Telegraph
    - Octopus Energy is poised to build hundreds of onshore wind
turbines across the countryside as Labour pushes ahead with its
manifesto promise to double production.
    
    - The new owner of Royal Mail has vowed to keep delivering
letters six days a week in an attempt to quash concerns that the
service could be reduced. 
    
    
    Sky News
    - Cineworld  CINE.D  has opened talks with some of Britain's
biggest commercial landlords about its plans to axe up to a
quarter of its British cinema estate.
    
    - Tiger Global, one of the world's most prolific investors
in technology companies is in talks to lead a new investment
round at Revolut, the British-based fintech.
    
    The Independent
    - The UK's Labour government is taking its first steps to
build greater trading links with EU members as new business
secretary Jonathan Reynolds meets international counterparts in
Italy.
    

($1 = 0.7709 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))