Press Digest: British Business - Oct. 14

Mulberry

14/10/2024 02:05

Oct 14 (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
    - Scottish former First Minister Alex Salmond, 69, collapsed
and died on the spot at a conference he had been attending in
North Macedonia.
    - Up to a dozen UK's Conservative MPs are considering
standing down before the next election because of Labour's
imminent clampdown on second jobs. 
    
    The Guardian
    - The Post Office has recently explored resuming the
practice of taking branch owner-operators to court, as mounting
losses from shortfalls in its network of 11,500 outlets hit 12
million pounds ($15.66 million) a year.
    - Spanish shipbuilding firm Navantia is in exclusive
negotiations to buy Harland & Wolff  HARL.L , the owner of the
Belfast shipyard that built the Titanic.
        
    The Telegraph
    - Challice, the majority shareholder in luxury brand
Mulberry  MUL.L , said it had no interest in selling any of its
stake to sportswear and apparel retailer Frasers Group FRAS.L>,
in a statement designed to end Frasers' takeover attempt.
  - The UK Home Office has earmarked more than 500 million
pounds to manage Channel migrants arriving on small boats for up
to a decade. 
    
    Sky News
    - The British government will on Monday welcome more than 50
billion pounds of investment in the economy as Prime Minister
Keir Starmer tries to reset his administration after a first
hundred days marked by scandal and infighting.
    - London-listed Augmentum Fintech  AUGM.L  has lined up
William Reeve to take the role of chairman.
    
    The Independent
    - DP World, the owner of P&O ferries, will attend a key
investment summit after Prime Minister Keir Starmer distanced
himself from comments by a minister who called the firm a
"cowboy operator".

   
($1 = 0.7665 pounds)

 (Compiled by Bengaluru newsroom)
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