Press Digest: Financial Times - July 25

Liberty Global

25/07/2025 03:30

July 25 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Liberty Global to slash jobs and sell private jet in restructuring

- GSK blood cancer drug reapproved by EU regulator

- UAE's Sidara considers lowering Wood Group bid after UK regulator's probe

- JD.com in talks to buy German electronics retailer Ceconomy for $2.58 billion

Overview

- Liberty Global LBTYA.O, set up by U.S. cable pioneer John Malone, has offered voluntary redundancy to over a third of its employees across London, Denver and Amsterdam.

- The European Union has approved GSK's GSK.L drug Blenrep to treat relapsed or treatment-resistant forms of a cancer affecting blood plasma cells.

- Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group WG.L, as Britain's financial regulator has launched a probe into the oilfield services provider.

- Chinese ecommerce giant JD.com 9618.HK is in "advanced negotiations" to buy Ceconomy CECG.DE in a deal that would value the German electronics retailer's equity at about 2.2 billion euros  ($2.58 billion).

($1 = 0.8517 euros)

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))