Press Digest: British Business - Oct 18
18/10/2024 05:59
Oct 18 (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
- British online retailer N Brown Group BWNG.L agreed to a
191 million pound ($248.72 million) takeover led by its majority
shareholder Joshua Alliance.
- British Prime Minister Keir Starmer has rebuked senior members
of his cabinet after they appealed to him to reverse planned
spending cuts in finance minister Rachel Reeves's first budget.
The Guardian
- Tesco TSCO.L has struck a deal to buy enough solar power to
run 144 of its large supermarkets, buying almost two-thirds of
the entire electricity output from the Cleve Hill solar park in
Kent.
- British finance minister Rachel Reeves and deputy Prime
Minister Angela Rayner are at a standoff over a major programme
of social house building.
The Telegraph
- British supermarket chain Sainsbury's SBRY.L is trying
larger self-checkout tills in place of human cashiers after its
boss defended a drive to make stores "more efficient".
- Guardian journalists are set to vote on potential strike
action as anger grows over plans to sell its Sunday sister
title, The Observer, to Tortoise, a start-up founded by former
BBC News boss James Harding.
Sky News
- Wagamama owner, The Restaurant Group, has begun exploring a
300 million pound ($390.66 million) refinancing as it seeks to
reduce its borrowing costs by locking in lower interest rates.
- Mothercare MTC.L has formed a joint venture with Reliance
Brands Holding UK, a unit of India's Reliance Industries
RELI.NS , and said it had refinanced its existing debt
facilities with Gordon Brothers.
($1 = 0.7679 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))