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PRESS DIGEST-British Business - May 16
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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)

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