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PRESS DIGEST-British Business - Nov 5
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PRESS DIGEST-British Business - Nov 5
Nov 4, 2024 7:35 PM

Nov 5 (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

- Anglo American has agreed to sell 33.3% stake in a

joint venture that owns a 70% interest in the Jellinbah East and

Lake Vermont steelmaking coal mines in Australia for A$1.6

billion ($1.1 billion).

- The creditor group of Britain's Thames Water has agreed to

underwrite 1.5 billion pounds ($1.95 billion) funding to get the

company back on its feet before a proposed restructuring in the

new year.

The Guardian

- The British government plans to ban smoking outside

schools, hospitals and playgrounds but abandoned plans for a ban

on smoking outside pubs and cafes as part of a crackdown on one

of the UK's biggest killers and its most common cause of cancer.

The Telegraph

- Neil Sorahan, CEO of Ryanair, said UK airports

must slash landing fees after British finance minister Rachel

Reeves hiked airline departure taxes in the Budget.

Sky News

- Former UK chancellor Nadhim Zahawi is in talks with New

York Sun owner David Efune's investment banking adviser LionTree

on the Daily Telegraph deal, which is expected to be worth about

550 million pounds ($712.5 million).

- Britain has detected two more cases of the new mpox

variant clade Ib in household contacts of the first case, the

country's health security agency (UKHSA) said, bringing the

total number of confirmed cases to three.

The Independent

- The British government announced plans to raise the cost

of university tuition fees for domestic students in England on

Monday the first time in eight years in an attempt to improve

the finances of many crisis-hit institutions.

($1 = 0.7718 pounds)

(Compiled by Bengaluru newsroom)

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