financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - July 29
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - July 29
Jul 28, 2024 8:15 PM

July 29 (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

- Former British business minister Kemi Badenoch launched

her bid to become leader of the opposition Conservative Party,

making her the sixth candidate seeking to replace the outgoing

Rishi Sunak, Badenoch announced in an article of The Times.

- The owner of London's Thames Tideway Tunnel has warned

that Thames Water may withhold tens of millions of pounds that

it owes on the project.

The Guardian

- Margherita Della Valle, CEO of telecom giant Vodafone ( VOD )

, has said Labour will fail to achieve its promise of

nationwide access to 5G by 2030 if the company's 15 billion

pound ($19.29 billion) merger with the rival Three UK is

blocked.

- UK port operators have reportedly said they must be

compensated by the government if it negotiates a deal to lower

trade barriers with the European Union.

The Telegraph

- Suella Braverman has announced her withdrawal from the

Conservative leadership race in an article for the Telegraph.

- Essex County Council in the U.S. is suing UK's Gigaclear

after its allegedly botched broadband rollout is claimed to have

left hundreds of homes without access to high-speed internet.

Sky News

- Rachel Reeves will signal Labour's plans to cut government

departments and the Civil Service and reveal a 20 billion pound

($25.73 billion) "black hole" she found in the books of the

Conservative Party.

- Eddie Jordan, the former Formula One team-owner, has

launched a multimillion pound legal fight against HSBC ( HSBC )

over its alleged mis-selling of a complex bond in which he

invested.

($1 = 0.7774 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 >
OneStream Prices IPO at $20 per Share
OneStream Prices IPO at $20 per Share
Jul 24, 2024
04:28 AM EDT, 07/24/2024 (MT Newswires) -- OneStream said late Tuesday it priced its initial public offering of 24.5 million class A common shares, consisting of about 18.1 million shares from the company and about 6.4 million shares from existing shareholders, at $20 per share. Underwriters have been granted a 30-day option to purchase up to about 3.7 million additional...
Avantor to Replace Quidel in S&P MidCap 400; Quidel to Replace Hibbett in S&P SmallCap 600
Avantor to Replace Quidel in S&P MidCap 400; Quidel to Replace Hibbett in S&P SmallCap 600
Jul 24, 2024
04:38 AM EDT, 07/24/2024 (MT Newswires) -- Avantor ( AVTR ) is replacing Quidel (QDEL) in the S&P MidCap 400, while Quidel will replace Hibbett Sports (HIBB) in the S&P SmallCap 600, effective before Friday's trading opens. The move is due to JD sports Fashion's pending acquisition of Hibbett ( HIBB ), which is expected to close soon. Additionally, Schneider...
RTX's Collins Aerospace Relocates Singapore Manufacturing Facility
RTX's Collins Aerospace Relocates Singapore Manufacturing Facility
Jul 24, 2024
04:33 AM EDT, 07/24/2024 (MT Newswires) -- RTX's (RTX) Collins Aerospace said Wednesday it is relocating its Singapore manufacturing facility from Bedok to Seletar Aerospace Park. The company said the move, which involves an investment of $250 million, aims to enhance its capabilities in the aerospace sector. Construction of the new facility will commence in Q4 2025 and be completed...
US SEC does not seek 5th Circuit review of private funds decision, throwing other rules into doubt
US SEC does not seek 5th Circuit review of private funds decision, throwing other rules into doubt
Jul 24, 2024
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) has decided not to ask a U.S. appeals court to review a June ruling that said the agency did not have the power to oversee investment advisers, according to a source familiar with the matter and court filings. The SEC had until the end of Monday to appeal the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved