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PRESS DIGEST-British Business - October 23
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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)

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