financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - July 25
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - July 25
Jul 24, 2024 9:13 PM

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)

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved