financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - October 23
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - October 23
Oct 22, 2025 8:05 PM

Oct 23 (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

Eurostar is set to take 50 French-made Alstom Avelia Horizon

trains in a 2 billion euro ($2.33 billion) deal, facilitating

plans for direct services between London, Frankfurt and Geneva.

The collapse of U.S. subprime lender Tricolor has dealt a

110 million pound ($147.63 million) blow to Barclays ( BCS ),

the bank said.

The Guardian

Google and Apple ( AAPL ) face enforced changes to

how they operate their mobile phone platforms, after the

Competition and Markets Authority ruled that they require

tougher oversight.

UK's energy trade association has called for a radical

shake-up of the regulator Ofgem.

The Telegraph

The cyber attack that crippled Jaguar Land Rover

's operations is the most expensive in British history "by some

distance," experts have found.

Sky News

Britain's best-known business lobbying group CBI will name

Cressida Hogg, the BAE Systems chair, to take the helm

until 2028.

Private equity firm Cinven is among the firms expected to

table bids this week for funeral provider Pure Cremation, in a

deal which could value it at more than 500 million pounds

($671.05 million).

The Independent

Reversing the two-child benefit cap would be among the most

cost-effective ways to reduce child poverty, The Institute for

Fiscal Studies has stated.

Nearly half a million workers are set for a pay boost as the

real living wage - paid voluntarily by 16,000 UK companies -

rises to 13.45 pounds ($18.05) an hour.

($1 = 0.8575 euros)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Group 1 Automotive Completes Acquisition of Inchcape Retail's Automotive Operations
Group 1 Automotive Completes Acquisition of Inchcape Retail's Automotive Operations
Aug 1, 2024
06:04 AM EDT, 08/01/2024 (MT Newswires) -- Group 1 Automotive ( GPI ) said Thursday that it has closed the acquisition of Inchcape Retail's automotive operations, covering 54 dealership locations in the UK. The company said Inchcape Retail's dealerships are estimated to generate $2.7 billion in annual revenue, bringing its 2024 total acquired revenue to $3.8 billion year-to-date. ...
Japan health ministry panel backs Eli Lilly dementia drug donanemab
Japan health ministry panel backs Eli Lilly dementia drug donanemab
Aug 1, 2024
TOKYO, Aug 1 (Reuters) - A Japanese health ministry panel on Thursday recommended approval for Eli Lilly's ( LLY ) dementia treatment donanemab. Formal approval is expected shortly after the panel's vote, which would make the drug Japan's second approved treatment for Alzheimer's disease after Leqembi, developed by Eisai ( ESALF ) and Biogen. Donanemab, sold under the brand name...
Cigna beats profit estimates on lower-than-expected costs, pharmacy benefit boost
Cigna beats profit estimates on lower-than-expected costs, pharmacy benefit boost
Aug 1, 2024
Aug 1 (Reuters) - Cigna ( CI ) reported a second-quarter profit on Thursday that beat Wall Street estimates, helped by lower-than-expected medical costs and strength in its pharmacy benefit management unit. The industry has been contending with elevated medical costs since late last year, as older adults catch up on delayed procedures, and lower-than-expected payments from the government for...
Ferguson Completes Transition to New Corporate Structure
Ferguson Completes Transition to New Corporate Structure
Aug 1, 2024
06:10 AM EDT, 08/01/2024 (MT Newswires) -- Ferguson (FERG) said Thursday that it has completed the planned transition of its corporate structure and the transfer of its domicile to US. Pursuant to the move, Ferguson Enterprises Inc will now be the parent company of Ferguson plc ( FERG ) group, which has been re-registered as a private company. Ferguson plc...
Copyright 2023-2026 - www.financetom.com All Rights Reserved