Press Digest: British Business - Oct 11
11/10/2024 03:52
Oct 11 (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
- Spain's largest power company, Iberdrola IBE.MC , will
invest up to 12 billion pounds ($15.67 billion) in its British
division Scottish Power over the next four years, doubling its
commitment in the UK ahead of a global investment summit in
London.
- Restaurant group TGI Fridays has agreed to pay workers the
money they are owed after being made redundant, despite
initially refusing to do so.
The Guardian
- British finance minister Rachel Reeves is considering
raising capital gains tax as high as 39% in the budget, amid a
scramble to raise funds for crumbling public services.
- French energy company EDF is in talks with investors to
raise up to 4 billion pounds to finish the delayed Hinkley Point
C project in Somerset, Britain's first new nuclear reactors in a
generation.
The Telegraph
- Unilever ULVR.L has sold its Russian business to Arnest
Group, becoming the latest multinational company to exit Russia
since its invasion of Ukraine, following a "complex" sale
process.
Sky News
- Monzo notified staff that it has secured demand from
investors, including a Singaporean state fund, to buy
employee-owned stock at a huge valuation.
- Fevertree Drinks FEVR.L , Jet2 JET2.L , Mothercare
MTC.L and YouGov YOU.L are among 140 companies which have
written to the chancellor to say that uncertainty over the
future of a crucial tax relief is damaging investor confidence.
($1 = 0.7658 pounds)
($1 = 0.9151 euros)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))