Press Digest: British Business - February 25

Just Eat Takeaway.com NV

25/02/2025 02:36

Feb 25 (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
    - Britain's National Grid  NG.L  has sold its U.S. interests
in solar arrays, onshore wind farms and battery storage
facilities to Brookfield Asset Management  BAM.TO  for $1.735
billion.
    - PostNL, the Dutch postal operator backed by the Czech
tycoon buying the Royal Mail, has warned that its business model
is "no longer sustainable" amid downbeat forecasts for the year
and a dispute with ministers over state financial support.
    
    The Telegraph
    - British ministers have insisted that BMW  BMWG.DE  is
still committed to Britain despite a decision to delay a 600
million pound ($757.20 million) upgrade of its Mini factory in
Oxford.
    - Britain's struggling oilfield services and engineering
firm Wood Group  WG.L  has received a fresh approach from
Dubai-based Sidara about a possible takeover offer after a
failed attempt six months ago.
          
    The Guardian
    - Nuclear waste processing firm Sellafield has said nearly 3
billion pounds ($3.79 billion) in new funding is "not enough"
and bosses are now examining swingeing cuts, prompting fears
over jobs and safety at the vast nuclear waste dump.
    - The food delivery business Just Eat Takeaway.com  TKWY.AS 
has been snapped up by an investor in its German rival Delivery
Hero  DHER.DE  for 4.1 billion euros ($4.29 billion), two months
after it left the London Stock Exchange.
     
    Sky News
    - British broadband and mobile operator Virgin Media says it
has fixed an issue that left many customers unable to get online
after more than 9,000 reports of issues were made. 
    - U.S. private equity firm Bain Capital has tabled a
1.1-billion-pound ($1.39 billion) proposal to buy defence group
Chemring Group  CHG.L . 
   
    ($1 = 0.7924 pounds)
    ($1 = 0.9552 euros)

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