Oct 1 (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 sportswear and apparel retailer Frasers Group ( SDIPF )
has launched an audacious 83 million pounds ($111.02
million) takeover bid for Mulberry, one of Britain's best-known
luxury brands, after being blindsided by a 10 million pounds
rights offer.
- A lobbyist who has been working closely with Rachel Reeves
is employed by a company that represents Shein, the
controversial Chinese fast fashion giant that is attempting to
secure a UK corporate listing.
The Guardian
- Thames Water has said it could be blocked from raising new
debt as early as next week, as the struggling water company
fights for its survival.
- Britain has chartered a flight out of Lebanon for Britons
to leave the country amid the escalating violence in the region.
The Telegraph
- The Post Office is facing a second IT scandal after an
investigation found software used before Horizon could have
created shortfalls for sub-postmasters as early as 1993.
Sky News
- BlackRock's ( BLK ) private markets division could strike
a deal to acquire Lanes Group, which is a major contractor to
Thames Water based in Leeds, within days.
- Britain's biggest steelworks has shut down production
after more than 100 years, leading to thousands of job losses
across South Wales.
The Independent
- British cabinet secretary Simon Case has said he will
stand down at the end of this year on health grounds.
($1 = 0.7476 pounds)
(Compiled by Bengaluru newsroom)