Press Digest: British Business - October 28

Janus Henderson

28/10/2025 03:29

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

- Activist investor Nelson Peltz's hedge fund Trian and technology investor General Catalyst have made a takeover offer for Janus Henderson JHG.N valuing it at $7.2 billion.

- GSK GSK.L will pay up to 268 million pounds ($359.68 million) to Strasbourg-based Syndivia for rights to a pre-clinical prostate cancer drug showing enhanced anti-tumor activity against an operation-resistant strain.

The Guardian

- Petrofac PFC.L, a North Sea oil and gas contractor, has filed for administration after losing a major offshore wind project for failing to meet contractual obligations, putting over 2,000 jobs in Scotland at risk.

- Britain's competition regulator has raised concerns that Greencore's GNC.L 1.2 billion pounds acquisition of rival Bakkavor BAKK.L could substantially lessen competition in the market for supermarket own-label chilled sauces.

The Telegraph

- Tom Hayes, the former trader wrongly jailed for Libor rigging, is suing former employer UBS UBSG.S for more than $400 million, accusing the Swiss bank of a malicious scheme to frame him.

Sky News

- KKR KKR.N is in talks to acquire Costa Coffee from The Coca-Cola Company KO.N in a surprise bid for Britain's largest high street coffee chain.

($1 = 0.7451 pounds)

 (Compiled by Bengaluru newsroom)

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