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PRESS DIGEST-British Business - Sept 19
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PRESS DIGEST-British Business - Sept 19
Sep 25, 2024 6:50 PM

Sept 19 (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

- Legal & General ( LGGNF ) has agreed to sell Cala Homes to

American private equity firm Sixth Street Partners and

London-based buyout house Patron Capital for 1.16 billion pounds

($1.53 billion) in cash.

- Nick Read will step down as chief executive of the Post

Office next year after a five-year stint.

The Guardian

- Veteran retailer Stuart Rose will take charge of running

Asda as the struggling supermarket's co-owner Mohsin Issa steps

back from executive duties amid falling sales, the company said

on Wednesday.

- Hostmore said it plans to appoint

administrators, putting the future of its 87 outlets and 4,500

employees in doubt.

The Telegraph

- Aslef, the British train drivers' union, said 96% of its

members had voted in favour of a deal it said was worth 15% over

three years.

Sky News

- Royal London Asset Management (RLAM), which manages 169

billion pounds in assets, is calling on the UK's regulated water

companies to address the risks of antimicrobial resistance (AMR)

by treating wastewater more effectively.

The Independent

- The X social media accounts of several British politicians

and organisations around the world were hacked on Wednesday.

($1 = 0.7587 pounds)

(Compiled by Bengaluru newsroom)

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