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PRESS DIGEST-British Business - July 2
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PRESS DIGEST-British Business - July 2
Jul 1, 2025 7:00 PM

July 2 (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

- AstraZeneca ( AZN ) chief executive Pascal Soriot is

considering moving the company's stock market listing to the

United States.

- Spain's Sabadell is to sell TSB, its UK arm, to

its rival Santander for 2.65 billion pounds ($3.6

billion) in cash, beating Barclays ( BCS ), which also

submitted a formal bid.

The Guardian

- Marks & Spencer's ( MAKSF ) online business should be

running "fully" within the next four weeks, its CEO said, as the

retailer recovers from a damaging cyber-attack.

- The struggling English utility Southern Water has secured

investment worth up to 1.2 billion pounds in a deal led by its

majority owner, Macquarie Group ( MCQEF ), which will help it

avoid a breach of its regulatory licence.

The Telegraph

- British Prime Minister Keir Starmer won a vote on his

welfare plans on Tuesday at significant political cost as he

suffered the biggest parliamentary rebellion of his premiership

and was forced to back down on key parts of the package.

Sky News

- Britain's Heathrow Airport is working with head-hunters at

Russell Reynolds Associates to find a new chairman as incumbent

Paul Deighton's term nears its conclusion.

- Private equity firm Clayton Dubilier & Rice is among the

bidders exploring a takeover of Castrol, BP's lubricant

arm which has been put up for sale for about $8 billion.

($1 = 0.7277 pounds)

(Compiled by Bengaluru newsroom)

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