financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - Dec 16
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - Dec 16
Dec 15, 2024 7:26 PM

Dec 16 (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

- Newcastle airport is planning to sell 49% shareholding

owned by Infrabridge for as much as 1 billion pounds ($1.26

billion) and Saudi investors are tipped as the front-running

bidders.

- Tata Steel has struck its maiden "green steel"

deal with construction equipment manufacturer J.C. Bamford

Excavators as it pushes ahead with the decommissioning of its

blast furnaces.

The Guardian

- Britain has announced 50 million pounds ($63.11 million)

of humanitarian aid for vulnerable Syrians across the Middle

East after the overthrow of Bashar al-Assad's regime.

- The UK home secretary, Yvette Cooper, has admitted the

government has a "complex arrangement" with China because of the

need for economic cooperation, against the backdrop of the

exclusion of an alleged Chinese spy with links to Prince Andrew.

The Telegraph

- TalkTalk is to cut hundreds of jobs as the debt-laden

broadband company scrambles to strip out 120 million pounds

($151.46 million) in costs.

Sky News

- Partners at the UK's fifth-biggest accountancy firm Grant

Thornton have voted to back the sale of a majority stake to

Cinven, the private equity firm.

- British Prime Minister Keir Starmer will announce a new

green energy deal with Norway to boost growth and protect

against spikes in international energy prices like those seen

when President Vladimir Putin invaded Ukraine.

The Independent

- UK high street retailers have been accused of recruiting

young workers as store assistants without basic employment

rights over the busy Christmas period.

- The British government has approved Czech billionaire

Daniel Kretinsky's 5.3-billion-pound ($6.69 billion) takeover of

Royal Mail owner International Distribution Services.

($1 = 0.7923 pounds)

($1 = 0.9517 euros)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Western Metallica, Up 70%, Appoints Roxanne Gelineau to Its Board of Directors
Western Metallica, Up 70%, Appoints Roxanne Gelineau to Its Board of Directors
Aug 15, 2025
03:57 PM EDT, 08/15/2025 (MT Newswires) -- Western Metallica Resources (WMS.V) shares were last seen up 70% on Friday afternoon after the company as the company appointed Roxanne Gelineau to its board of directors, effective immediately. Gelineau currently serves in an office manager capacity for Northern Superior Resources Inc. ( NSUPF ) and OnGold Resources Ltd. ( ONGRF ) ,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
US FDA approves Tonix Pharma's drug to manage pain related to chronic condition
US FDA approves Tonix Pharma's drug to manage pain related to chronic condition
Aug 15, 2025
Aug 15 (Reuters) - The U.S. Food and Drug Administration has approved Tonix Pharmaceuticals' ( TNXP ) drug to manage pain related to a type of chronic condition, the company said on Friday. ...
Circle Internet Group Shares Rise After Pricing $1.3 Billion Public Offering
Circle Internet Group Shares Rise After Pricing $1.3 Billion Public Offering
Aug 15, 2025
Circle Internet Group ( CRCL )'s shares climbed more than 7% on Friday after the company announced the pricing of its public offering of 10 million Class A common shares at $130 each. What To Know: Of the total, Circle will sell 2 million shares directly, while selling stockholders will offer 8 million. The company also granted underwriters a 30-day...
Copyright 2023-2026 - www.financetom.com All Rights Reserved