July 25 (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
- Britain's Informa ( IFPJF ) said it had reached a deal to
buy Cannes Lions Festival owner Ascential ( AIAPF ) for 1.2
billion pounds ($1.6 billion), adding the flagship ad industry
conference to its portfolio of events.
- British consumer goods company Reckitt has put its
infant nutrition business and a portfolio of home care brands up
for possible sale as part of a shake-up of one the world's
biggest consumer healthcare groups.
The Guardian
- UK's Thames Water has breached its licence to supply water
to nearly 16 million people after some of its debt was
downgraded to junk status.
- UK's Heathrow is preparing to announce a fresh blueprint
for a third runway for the Labour government's approval as
record passenger numbers "strain its system to the maximum".
The Telegraph
- Fortress Investment Group, majority owned by Abu Dhabi's
wealth fund Mubadala Capital, has invested 77 million pounds
($99.26 million) in Britain's microchip company Imagination as
the Gulf state seeks to become a major player in artificial
intelligence.
- C8, a French TV channel owned by billionaire Vincent
Bolloré, has been stripped of its broadcasting licence after it
was accused of promoting conspiracy theories and fake news.
Sky News
- London-listed luxury goods brand Burberry is
seeking a new board member who could take over from Gerry
Murphy, its chairman.
- UK's new government should cut taxes on electric vehicles
to revive flagging sales and help the industry hit its climate
goals, motor trade body Society for Motor Manufacturers and
Traders has said.
The Independent
- UK's new Prime Minister Keir Starmer has stood defiant
over his decision to suspend seven MPs following their rebellion
over the two-child benefit cap.
($1 = 0.7757 pounds)
(Compiled by Bengaluru newsroom)