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PRESS DIGEST-British Business - May 15
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PRESS DIGEST-British Business - May 15
May 26, 2025 8:16 AM

May 15 (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

- GSK will buy efimosfermin, a liver disease drug in

late-stage trials, for up to $2 billion from U.S. biotechnology

firm Boston Pharmaceuticals, the British drugmaker said.

- Bank of London said it is under investigation by Bank of

England's Prudential Regulation Authority over "material

uncertainty" about its funding.

The Guardian

- Britain's Department for Culture, Media and Sport is set

to allow foreign states to own stakes of up to 15% in British

newspapers in a move that could finally end two years of

uncertainty over the ownership of the Telegraph titles.

- British ministers have used an arcane parliamentary

procedure to block an amendment to the data bill that would

require artificial intelligence companies to disclose their use

of copyright-protected content.

The Telegraph

- Britain's Burberry ( BBRYF ) announced plans to shed 1,700

jobs or around a fifth of its global workforce to cut costs to

help revive its performance.

- Britain's assisted dying bill is at risk of failing

because lawmakers are considering pulling their support.

Sky News

- British parcel delivery group Evri has merged with the

DHL's Britain e-commerce business, potentially

creating a larger rival to Royal Mail.

- Britain Prime Minister Keir Starmer is in Albania to

announce an expanded crackdown on migrant smuggling gangs in the

Balkans.

(Compiled by Bengaluru newsroom)

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