Oct 2 (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 luxury brand Mulberry, rejected retailer
Frasers' ( SDIPF ), 83 million pounds ($110.32 million) takeover
proposal saying its majority shareholder did not support the bid
and that it undervalued the company.
- The Transparency Task Force (TTF) has written to Ashley
Alder, the Financial Conduct Authority chairman, and Nikhil
Rathi, the regulator's chief executive, accusing FCA officials
of misleading the audience over the investor protection regime.
Remarks made at the meeting were "factually inaccurate", it
said.
The Guardian
- British garden centre chain Dobbies is planning to shut 17
of its 77 stores, affecting 465 jobs, as its new owners try to
return the garden centre group to profitability.
- The former chair of the Post Office Henry Staunton has
warned of another Horizon-style scandal if so-called
"untouchable" investigators and executives involved in the
prosecution of sub-postmasters are not fired before the
organisation rolls out its new IT system.
The Telegraph
- Gary Lubner, a South African businessman will receive 125
million pounds as repair company Autoglass' debt rating is
slashed to 'junk' status. Autoglass owner Belron will reward
Gary Lubner and four private equity shareholders a total of 4.3
billion euros ($4.76 billion) in a one-off dividend funded by
billions of euros in new debt.
Sky News
- British holiday group Saga is in talks with
Belgium-based insurer Ageas regarding a long-term
partnership arrangement for its insurance division.
- Michael Ancram, an aristocrat who became a Tory MP, senior
government minister, party chairman, deputy leader and grandee,
has died aged 79.
($1 = 0.7523 pounds)
($1 = 0.9033 euros)
(Compiled by Bengaluru newsroom)