Press Digest: British Business - Oct. 17
17/10/2023 02:26
Oct 17 (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
- The owner of Sports Direct, House of Fraser, Flannels and
Jack Wills increased its holding in Asos to 22.8% from 19.7% via
derivatives, according to new filings.
- The Bank of England is set to rethink its planned shake-up
of capital rules amid criticism that its proposals are too
strict and will leave Britain at a disadvantage to Europe.
The Guardian
- Gambling companies will be forced to pay about 100 million
pounds ($122.11 million) a year to the NHS to fund addiction
research, prevention and treatment, as part of government
changes that will replace a longstanding system of voluntary
contributions.
The Telegraph
- Conister Bank, a subsidiary of Mr Mellon's Manx Financial
Group MFX.L , has been granted permission by the Bank of
England’s Prudential Regulation Authority (PRA) to accept
deposits in a bid to boost its balance sheet.
Sky News
- Rolls-Royce Holdings RR.L , the aircraft engine
manufacturer, is to axe more than 2,000 jobs as part of a
cost-cutting drive by its new chief executive.
- The Daily Telegraph's former owners have 1 bln-pound($1.22
billion) bid that they believe will end rival suitors' hopes of
buying the broadsheet newspapers
($1 = 0.8188 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))