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PRESS DIGEST-British Business - October 28
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PRESS DIGEST-British Business - October 28
Oct 27, 2025 8:38 PM

Oct 28 (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

- Activist investor Nelson Peltz's hedge fund Trian and

technology investor General Catalyst have made a takeover offer

for Janus Henderson ( JHG ) valuing it at $7.2 billion.

- GSK will pay up to 268 million pounds ($359.68

million) to Strasbourg-based Syndivia for rights to a

pre-clinical prostate cancer drug showing enhanced anti-tumor

activity against an operation-resistant strain.

The Guardian

- Petrofac ( POFCF ), a North Sea oil and gas contractor, has

filed for administration after losing a major offshore wind

project for failing to meet contractual obligations, putting

over 2,000 jobs in Scotland at risk.

- Britain's competition regulator has raised concerns that

Greencore's ( GNCGF ) 1.2 billion pounds acquisition of rival

Bakkavor ( BKKVF ) could substantially lessen competition in the

market for supermarket own-label chilled sauces.

The Telegraph

- Tom Hayes, the former trader wrongly jailed for Libor

rigging, is suing former employer UBS for more than

$400 million, accusing the Swiss bank of a malicious scheme to

frame him.

Sky News

- KKR is in talks to acquire Costa Coffee from The

Coca-Cola Company ( KO ) in a surprise bid for Britain's largest

high street coffee chain.

($1 = 0.7451 pounds)

(Compiled by Bengaluru newsroom)

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