Press Digest: British Business - Oct 31

Liberty Global

31/10/2024 02:54

Oct 31 (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
    Bank of London said on Wednesday that deputy chairman Lord
Mandelson and chairman Harvey Schwartz are leaving as part of a
boardroom exodus after the financial technology start-up was
thrown into turmoil last month. 
    Mark Carney-chaired Brookfield  BAM.TO  said on Wednesday
that it will pay 1.75 billion pounds ($2.27 billion) to
Denmark's Orsted  ORSTED.CO  for a 12.5 % stake in four of its
British offshore windfarms. 
    
    
    The Guardian
    UK's HS2 trains will be able to run all the way to Euston
after the chancellor, Rachel Reeves, committed to funding
tunnelling work to the central London station.
    Rachel Reeves announced on Wednesday that the National
Health Service (NHS) in England is to receive a 22.6 billion
pounds($29.28 billion) cash injection over two years, in what
she called the biggest spending increase outside Covid since
2010. 
    
        
    The Telegraph
    Virgin Media O2, a joint venture between US telecoms company
Liberty Global  LBTYA.O  and Spain’s Telefonica  TEF.MC  has
sold a 8% stake in UK's Cornerstone mobile masts business to
Equitix, the British infrastructure investment firm.
     British pharmaceutical giant, AstraZeneca  AZN.L  confirmed
on Wednesday that the president of AstraZeneca’s China 
division, Leon Wang has been placed under investigation by local
police. 
    
    Sky News
    Florida based Azorra Aviation Holdings, an aircraft leasing
company backed by Oaktree Capital, is planning to acquire
London-listed rival Avation  9K0.F . 
    UK finance minister Rachel Reeves said on Wednesday that she
cannot rule out more tax rises in the next five years, despite
raising it to its highest level since comparable records began. 
   
    
    
    ($1 = 0.7720 pounds)

 (Compiled by Bengaluru newsroom)
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