Oct 25 (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
- Retail tycoon Mike Ashley has launched an attempt to
become the Chief Executive of Boohoo, as he pushes for
a possible merger between the troubled fast-fashion retailer and
its rival Asos.
- Thames Water is approaching an agreement with a group of
creditors over a financing package of up to 3 billion pounds
($3.89 billion) as the embattled water supplier attempts to
restructure its debt.
The Guardian
- U.S. chipmaker Intel has won a long-running battle to
quash a fine of more than 1 billion euros ($1.08 billion)
imposed by the European Commission for allegedly abusing its
market dominance in the sale of computer chips.
- UK Chancellor Rachel Reeves is expected to announce extra
government support in her budget next week, including
state-backed loans through the UK export finance mechanism for
firms importing critical minerals like lithium, graphite, and
cobalt.
The Telegraph
- Bank of England Governor Andrew Bailey has warned the UK
government against forcing pension funds to invest in British
assets, stating he would not "for a moment" support the idea of
forcibly making pension funds back British companies.
- British department store retailer John Lewis will teach
customers how to cook at its shops under a new deal with chef
Jamie Oliver, as it steps up plans to reinvigorate its
department stores.
Sky News
- UK Chancellor Rachel Reeves will rewrite the government's
fiscal rules in next week's budget to allow her to increase
borrowing for public investment by around 50 billion pounds
($64.84 billion).
- Britain will ban the sale and supply of single-use vapes
starting on 1 June next year, with legislation to introduce the
ban already laid out in parliament.
The Independent
- Tesco ( TSCDF ), Sainsbury's ( JSNSF ), and fast-food chains
KFC and McDonald's could be in danger of accidentally
breaching new forest-protection laws after climate campaigners
discovered a major UK chicken supplier is linked to a business
accused of deforestation in Brazil.
($1 = 0.7711 pounds)
($1 = 0.9237 euros)
(Compiled by Bengaluru newsroom)