Oct 7 (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 owner of the American conservative newspaper The New
York Sun Dovid Efune is closing in on a deal to buy the
Telegraph for more than 550 million pounds ($721.99 million).
- An alliance of dozens of the biggest pension funds in
Britain with assets of 350 billion pounds has renewed its attack
on the London Stock Exchange ( LDNXF ), warning that it should
not be pushing to weaken boardroom standards in listed companies
any further.
The Guardian
- More than 70 retailers, including Tesco ( TSCDF ), Marks &
Spencer ( MAKSF ) and Ikea, are lobbying the chancellor, Rachel
Reeves, for a 20% cut to business rates, warning that the
property tax could force tens of thousands of shops to shut.
The Telegraph
- The British digger maker JCB, owned by the billionaire
Bamford family, has axed around 230 workers amid a global slump
in manufacturing.
Sky News
- Sue Gray has resigned from her position as Keir Starmer's
chief of staff, and will be replaced by the party's former
campaign director who masterminded July's election landslide
Morgan McSweeney.
($1 = 0.7618 pounds)
(Compiled by Bengaluru newsroom)