Press Digest: British Business - Oct 25
25/10/2019 02:24
Oct 25 - 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
- UK finance minister Sajid Javid announced that November 6
budget would no longer take place. http://bit.ly/2BEenmU
- Barclays Plc BARC.L has scrapped controversial plans to
prevent customers withdrawing cash from post offices after an
outcry by Members of Parliament and consumer groups. http://bit.ly/2JmrEVk
The Guardian
- British prime minister Boris Johnson has abandoned his "do
or die" pledge to leave the European Union by 31 October and
will plead with Members of Parliament next week to give him a
pre-Christmas general election. http://bit.ly/3467S8N
- The U.S. owner of CashEuroNet UK, which operates the
QuickQuid and On Stride brands, is considering its options after
confirming plans to exit its British operations. http://bit.ly/2qJ7uP1
The Telegraph
- Woodford Patient Capital Trust WPCT.L formerly run by
Neil Woodford faces a backlash after appointing fund firm
Schroders Plc SDR.L as its new manager on fees of 3.5 million
pounds ($4.50 million) a year. http://bit.ly/2NadurB
- Britain's Network Rail is poised to reignite a rescue bid
for part of British Steel after takeover talks with a Turkish
pension fund OYAK OYAYO.IS broke down. http://bit.ly/2MJxvpL
Sky News
- British hair salons chain Regis UK has called in
administrators, thwarting a bid by prominent high street
landlords to overturn a financial restructuring and putting more
than 1,000 jobs at risk. http://bit.ly/2ocaTVw
The Independent
- Britain's Competition and Markets Authority (CMA) has
launched an investigation into the planned sale of power company
SSE Plc's SSE.L retail energy business to Ovo Energy, to
ensure the deal will not reduce competition. http://bit.ly/31LL9NE
($1 = 0.7785 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))