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PRESS DIGEST-British Business - Aug 1
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PRESS DIGEST-British Business - Aug 1
Jul 31, 2025 8:11 PM

Aug 1 (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

- Canada's Brookfield Wealth Solutions ( BNT ) agreed to

acquire Just Group for 2.4 billion pounds ($3.17

billion) as part of its expansion into the UK pension risk

market, sending the British insurer's shares to an 11-year high.

The Guardian

- A radar-related technical failure that led to hundreds of

flights being disrupted was an "isolated event" with "no

evidence of malign activity", the transport secretary has said,

after summoning the head of the UK air traffic control service,

Nats, to account for the disruption.

- Heathrow has submitted its "shovel-ready" plans for a

third runway as part of a 50 billion pounds investment, as the

government said expanding Europe's largest airport could create

100,000 jobs and drive growth.

The Telegraph

- Jaguar Land Rover chief Adrian Mardell will step down

after more than three decades at the company, having said he

wanted to retire after three years as CEO.

- Drax Group's ( DRXGF ) owners want to build an artificial

intelligence data centre on land next to the power station where

it can draw electricity via direct connections to the plant.

Sky News

- Swedish fintech Klarna is preparing to revive a public

listing in New York this autumn, with the company's advisers

aiming to launch an initial public offering in September or

October if market conditions are conducive.

($1 = 0.7578 pounds)

(Compiled by Bengaluru newsroom)

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