Sept 9 (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
- Housebuilder Bellway pulled out of its 720 million
pound ($945.58 million) takeover of Crest Nicholson over
concerns about its smaller rival's ballooning bill to fix
dangerous cladding after the Grenfell Tower tragedy.
- UK's Ofwat is facing an unprecedented revolt among water
companies with a record number of privatised regional monopolies
said to be considering taking the regulator to the competition
authorities.
The Guardian
- Royal Mail is considering launching a "bin
collection" type website for households to track which day they
will receive mail. The company is also pushing to cut its
services to save costs, and has proposed a reduction in
second-class letter deliveries to alternate weekdays.
The Telegraph
- TalkTalk is facing a fresh financial squeeze after an
eleventh-hour rescue deal by its founder imposed punishing new
debt costs on the struggling broadband provider.
- New York-based Elliott Management is among a pack of
aggressive US players to have hoovered up Thames Water debt at
steep discounts in an attempt to capitalise on the financial
uncertainty engulfing Britain's largest water supplier.
Sky News
- The remaining bidders for The Daily Telegraph have been
given a deadline for revised bids for the right-leaning
newspaper as its stablemate, The Spectator magazine, clinches a
100 million pound sale to the hedge fund tycoon Paul Marshall.
($1 = 0.7614 pounds)
(Compiled by Bengaluru newsroom)