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PRESS DIGEST-British Business - Nov. 6
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PRESS DIGEST-British Business - Nov. 6
Nov 5, 2024 8:49 PM

Nov 6 (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

- The 18 billion pound ($23.35 billion) merger between Vodafone ( VOD )

and Hutchison's Three to create Britain's

biggest mobile operator has been provisionally cleared by the

regulator if the telecom companies commit to large network

investments and customer protections.

- Rubens Barbosa, Brazil's former ambassador to the UK, claimed

that law firm Pogust Goodhead is encouraging hundreds of

thousands of claimants to refuse to participate in a deal

between the Brazilian government and BHP that would

mean claimants sharing nearly 24 billion pounds ($31.13 billion)

in compensation for the Mariana dam collapse.

The Guardian

- Britain's Aslef trade union has suspended a planned two-day

strike on the London Underground transport network this month

following a significantly improved pay offer, the train drivers

union said on Tuesday.

- Treasury officials may have broken the law when they failed to

alert the Office for Budget Responsibility about the 9.5 billion

pounds ($12.32 billion) of spending that should have appeared in

the March Tory budget, MPs have been told.

The Telegraph

- British supermarket group Asda is ordering staff back to the

office at least three days a week, while also cutting jobs in an

attempt to halt the supermarket's decline.

- UK's assisted dying bill will be published earlier than

expected amid concerns that MPs will not have enough time to

consider proposals before voting.

Sky News

- British lender NatWest Group ( NWG ) has offloaded a roughly

11 billion pound($14.27 billion) chunk of its corporate pension

scheme to Rothesay, a specialist insurance company.

- Bosses of large retail and hospitality companies and trade

associations told business secretary Jonathan Reynolds that last

week's budget risked damaging consumer confidence and

exacerbating challenges facing the UK economy.

($1 = 0.7709 pounds)

(Compiled by Bengaluru newsroom)

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