Press Digest: British Business - October 28
PRESS DIGEST-British Business - October 28 Oct 28 (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
— Heathrow Airport faces potential legal action from Virgin Atlantic after plans to move Delta Air Lines DAL.N across terminals threatened to separate the transatlantic partners and disrupt their joint operations.
— UK parliament's public accounts committee said the £40 billion Sizewell C nuclear project is a poor deal for taxpayers and risks allowing private investors to profit while the public bears the costs.
The Guardian
— HSBC HSBA.L chief financial officer said the bank had no plans to move its headquarters from London despite expected UK bank tax increases, seeking to reassure investors over the lender's long-term commitment to Britain.
— Business Secretary Jonathan Reynolds said the UK has begun talks with the European Union on a longer-term relationship that could eventually include freer movement of people, while stressing any deal would need public backing.
The Telegraph
— Google GOOGL.O accused Britain's Competition and Markets Authority of unlawfully seeking to force it to promote rival AI services such as ChatGPT and Claude, saying the proposed measures were anti-competitive and inconsistent with the regulator's own rules.
— EY's UK partners will receive a record average payout of £870,000 this year after the Big Four accounting firm reduced its partnership size.
Sky News
— Discount retailer Poundland moves closer to a potential collapse after three recently appointed directors plans to resign following a dispute with majority owner Gordon Brothers.
— British finance minister John Healey said his first budget would provide households and businesses with near-term support while investing in growth, energy security and national resilience.
The Independent
— Green energy association Scottish Renewables urged the UK government to support Scotland's renewable energy project pipeline in its strategic energy plans ahead of the budget.
(Compiled by Bengaluru newsroom)