Press Digest: British Business - December 23

Janus Henderson

23/12/2025 02:48

Dec 23 (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

     - Citadel has amassed a 50 million pound ($67.40 million) bet against Magnum Ice Cream Company MICCT.AS shares, building a net short position equivalent to 0.69% of the company's share capital following demerger from Unilever ULVR.L.

- Alphabet GOOGL.O said it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence.

The Guardian

     - Tech billionaire Larry Ellison has agreed to provide a personal guarantee of more than $40 billion for Paramount Skydance’s PSKY.O fight to gain control of Warner Bros Discovery WBD.O, amid a battle over the entertainment giant.

- Chinese robotaxis are due to be on the streets of London next year after ride-hailing companies Lyft LYFT.O and Uber UBER.N announced tie-ups with Beijing-based Baidu 9888.HK to deploy its self-driving technology.

The Telegraph

     - Nelson Peltz's Trian and VC firm General Catalyst have agreed to buy asset manager Janus Henderson JHG.N for $7.4 billion, the companies said, bringing to close a more than five-year activist campaign by the billionaire's hedge fund.

Sky News

     - Renewables group Venterra, founded by the former chief executive of Petrofac PFC.LAS, will this week announce a 40 million pound fundraising despite signs of growing tension over its leadership.

The Independent

- Liberty Bar and Restaurant Group, which runs TGI Fridays’ UK operations, filed a notice of its intent to appoint administrators.

($1 = 0.7419 pounds)

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))