financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - May 16
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - May 16
May 26, 2025 9:12 AM

May 16 (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

- British's software services provider Wireless Logic's

chief executive said that U.S. investment firm General Atlantic

has acquired a minority stake for an undisclosed sum in the

global business.

- Discount retailer B&M named retail industry

veteran Tjeerd Jegen as its new CEO and said he will take over

from interim boss Mike Schmidt on June 16.

The Guardian

- British ministers plan to use new powers to block bosses

from Britain's largest water supplier Thames Water taking

bonuses worth hundreds of thousands of pounds as the company

fights for survival.

- Social media app TikTok was charged by EU tech regulators

with breaching EU online content rules, putting its owner

ByteDance at risk of a fine of as much as 6% of its global

turnover.

The Telegraph

- Irish Food Group Greencore's CEO Dalton Philips

said that British retailers are unlikely to start importing U.S.

beef citing concerns about U.S. food standards despite Britain's

trade deal with U.S. President Donald Trump.

- Britain's Virgin Media O2's Spanish co-owner Telefonica is

said to be exploring a full takeover of the telecoms giant amid

a shake-up triggered by Spain's Prime Minister Pedro Sanchez.

Sky News

- Britain's Treasury is drawing up plans to advertise for a

chief executive to replace Sam Woods at the Prudential

Regulation Authority (PRA) next year.

- Britain's proposed assisted dying law for terminally ill

people will be debated in parliament on Friday, when lawmakers

consider changes to the legislation, ahead of the next vote on

whether to proceed with the historic law or scrap it.

(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 >
REUTERS IMPACT-US looks to resurrect more nuclear reactors, White House adviser says
REUTERS IMPACT-US looks to resurrect more nuclear reactors, White House adviser says
Oct 10, 2024
(Changes slug, adds product codes) By Valerie Volcovici NEW YORK, Oct 7 (Reuters) - The Biden administration is working on plans to bring additional decommissioned nuclear power reactors back online to help meet soaring demand for emissions-free electricity, White House climate adviser Ali Zaidi said on Monday. Two such projects are already underway, including the planned recommissioning of Holtec's Palisades...
DXP Enterprises Refinances Senior Secured Term Loan
DXP Enterprises Refinances Senior Secured Term Loan
Oct 10, 2024
02:47 PM EDT, 10/08/2024 (MT Newswires) -- DXP Enterprises ( DXPE ) said Tuesday it has refinanced its senior secured term loan B borrowings and raised an incremental $105 million, bringing total borrowings to $649.5 million. The new loan matures in 2030, the company said. DXP said it plans to use the proceeds to repay existing debt and for general...
FOCUS-Lufthansa's risky Italy bet hinges on Rome airport expansion
FOCUS-Lufthansa's risky Italy bet hinges on Rome airport expansion
Oct 10, 2024
* Lufthansa says Fiumicino has room to grow * German airline sees airport as gateway to LatAm, Africa * Fiumicino's expansion plan awaits Italian regulator approval * Analysts and investors warn of uncertainties in ITA investment By Angelo Amante, Joanna Plucinska and Ilona Wissenbach ROME/LONDON/FRANKFURT, Oct 11 (Reuters) - Lufthansa's long-promised turnaround of Italy's ITA Airways, crucial to help revive...
Why Rio Tinto Stock Is Trading Lower Tuesday
Why Rio Tinto Stock Is Trading Lower Tuesday
Oct 10, 2024
Rio Tinto plc ADR Common Stock shares are trading lower by 4.2% to $66.65 Tuesday afternoon. Shares of copper and iron ore companies are trading lower amid China stimulus uncertainty. What Happened: Rio Tinto shares fell today in response to a sharp selloff in Chinese markets, with the Hang Seng Index plunging more than 9%. The drop, the index's worst...
Copyright 2023-2026 - www.financetom.com All Rights Reserved