Press Digest: British Business - February 14

Steven Madden

14/02/2025 02:26

Feb 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
- The UK faces potential 21% tariffs on exports to the US after
President Trump signed an order imposing reciprocal levies on
countries with VAT, with experts warning of significant economic
fallout.
     
- Unilever  ULVR.L  has chosen Amsterdam over London for the 13
billion pounds ($16.33 billion) spin-off of its ice cream
division, dealing another blow to the UK’s capital markets
despite government efforts to secure the listing.
     
    The Guardian
- Steve Madden  SHOO.O  has acquired UK footwear brand Kurt
Geiger for 289 million pounds in cash, expanding his fashion
empire as the brand continues its international growth.
     
- Thirteen more UK oil and gas licences are under review after a
court ruled Rosebank  ROSE.L  and Jackdaw approvals were
unlawful for not accounting for emissions from burning extracted
fuels.
        
    The Telegraph
- A massive gas field discovery in the Gainsborough Trough could
supply the UK for a decade, with potential economic benefits of
112 billion pounds and reduced reliance on imports.
     
- Barclays  BARC.L  under FCA investigation over
money-laundering controls; also in dispute with HMRC over ts
interpretation of a change to the rules in the bank levy.
     
    Sky News
- In The Style is nearing insolvency, with owner Baaj Capital
preparing to appoint FTS Recovery as administrator to the
company.
     
- Leader of Reform UK Nigel Farage explores private criminal
prosecution against NatWest  NWG.L  over debanking scandal,
instructing Chris Daw KC to examine case.
     
     
     
     
     
    ($1 = 0.7959 pounds)

(Compiled by Bengaluru newsroom)
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