Press Digest: British Business - December 3

Topps Tiles

03/12/2025 05:01

Dec 3 (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

- Jitse Groen, the chief executive of Just Eat Takeaway T5W.BE, is stepping down from the food-delivery group he founded as a student, after a quarter of a century marked by rapid growth and strategic misfires.

- Partners at BDO took a near 100,000-pound ($132,300) pay cut on average last year as the accounting and consulting firm's 12-year growth run came to an end.

The Guardian

- Ads for Nike NKE.N, Superdry and Lacoste have been banned in the UK for misleading consumers about the environmental sustainability credentials of their products.

- Organisation for Economic Cooperation and Development (OECD) has warned British finance minister Rachel Reeves that tight government spending and higher taxes will restrict consumer expenditure.

The Telegraph

- The Bank of England has sounded the alarm about foreign hedge funds buying up UK debt, warning that their speculative trades could spark a crisis.

Sky News

- Executives from AstraZeneca AZN.L and GSK GSK.L will be among those invited by the British government to help shape a new pricing regime to replace the heavily criticised VPAG scheme.

The Independent

- British tile retailer Topps Tiles TPT.L has bought the Fired Earth brand, IP, website and around 2.5 million pounds worth of stock, a year after it bought CTD Tiles out of administration.

- German firm Katjes International, which holds a majority stake in Mr Laing's Candy Kittens business, is expected to complete an acquisition deal in 2026 for a reported 36 million pounds.

($1 = 0.7559 pounds)

 (Compiled by Bengaluru newsroom)

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