PRESS DIGEST — British Business — October 16
Oct 16 (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 - British finance minister John Healey is set to increase taxes on Britain's banks to keep deficit-reduction plans on track after the impact of the Iran war on the country's public finances. - Luxury group Richemont, owner of Cartier, is in talks to join the Global Diamond Consortium bidding for diamond miner De Beers, which was put up for sale by controlling shareholder Anglo American. The Guardian - British defense minister Wes Streeting urged the US to stand by Ukraine on his visit to the American capital and sought to alleviate tensions between the two countries amidst the Starlink row. - Britain's Thames Water has asked its creditors for another £2.4 billion ($3.19 billion) to keep operating into autumn 2027, with the utility being saddled with about £20 billion in debt. The Telegraph - British culture minister Lisa Nandy said she was minded to intervene in Comcast's Sky deal to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.12 billion), due to concerns a
Oct 16 (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 - British finance minister John Healey is set to increase taxes on Britain's banks to keep deficit-reduction plans on track after the impact of the Iran war on the country's public finances. - Luxury group Richemont, owner of Cartier, is in talks to join the Global Diamond Consortium bidding for diamond miner De Beers, which was put up for sale by controlling shareholder Anglo American.
The Guardian - British defense minister Wes Streeting urged the US to stand by Ukraine on his visit to the American capital and sought to alleviate tensions between the two countries amidst the Starlink row. - Britain's Thames Water has asked its creditors for another £2.4 billion ($3.19 billion) to keep operating into autumn 2027, with the utility being saddled with about £20 billion in debt.
The Telegraph - British culture minister Lisa Nandy said she was minded to intervene in Comcast's Sky deal to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.12 billion), due to concerns about the deal's impact on the breadth of news providers in Britain. - The British Ministry of Defence is pushing to buy a new generation of Skynet satellites from US giant Lockheed Martin, in a prospective deal worth up to £2 billion ($2.66 billion). Sky News - European discount retailer Poundland's owners are parachuting in a trio of restructuring experts to its board ahead of a sale or filing for insolvency which is expected within days.
- The British government is to publish the results of probes into Abu Dhabi's failed attempt to buy The Daily Telegraph after UK's media regulator Ofcom assessed that the deal risked undermining British press freedom. The Independent - The British government is set to unveil plans to extend the BBC licence fee to online streaming services in what is unofficially being dubbed a "YouTube tax", to prevent people dodging the fee by logging on to the internet via their phones, tablets or computers. ($1 = 0.7533 pounds) (Compiled by Bengaluru newsroom) ((mailto:globalnewsmonitoring@thomsonreuters.com)