Press Digest: British Business - Oct 24

Mulberry

24/10/2024 06:13

Oct 24 (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
    - London taxi firm Addison Lee has been sold to
Singapore-based transport group ComfortDelGro  CMDG.SI  for
269.1 million pounds ($347.65 million), which plans to bring its
services to cities outside the capital.
    - Mike Ashley-owned retail group Frasers  FRAS.L  said on
Wednesday it would not make an offer for Mulberry  MUL.L  after
its proposals were rebuffed by the British luxury brand's board
and its biggest shareholder, Challice.
    
    
    The Guardian
    - UK's finance minister Rachel Reeves will announce a plan
to change the country's debt rules, opening the door for the
government to spend up to 50 billion pounds ($64.60 billion)
extra on infrastructure projects.
    
        
    The Telegraph
    - Unions in the workplace will be able to stage strike
action for up to a year under new powers drawn up by Deputy
Prime Minister Angela Rayner.
    - London-based broadband business, Community Fibre, has
raised a further 125 million pounds ($161.49 million) in funding
as it attempts to lure customers away from BT  BT.L  with
cheaper deals. 
  
    
    Sky News
    - Octopus Energy will announce on Thursday that it has paid
more than 3 billion pounds ($3.88 billion) to the government,
including more than 40 million pounds accrued under a
profit-share agreement between the company and Whitehall two
years ago.
    - Bain Capital and Swiss-based Partners Group are among the
buyout firms considering whether to make initial offers for the
division of Evelyn Partners ahead of a deadline this week.
    
    
    The Independent
    - Rachel Reeves will turn on the spending taps to upgrade
Britain's creaking infrastructure and invest in the clean energy
transition, she will tell world leaders at the International
Monetary Fund(IMF).
    
    

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 (Compiled by Bengaluru newsroom)
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