British Business - Nov 1
Nov 1 (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
Harland & Wolff failed to meet an administrator-imposed deadline, after a review concluded that the shipbuilder had no long-term funding available from the group or its lender to support ongoing costs. The shipbuilder asked Teneo to extend the deadline to Nov. 5.
The Independent Schools Council (ISC), which represents more than 1,400 independent schools across the UK and overseas, voted to take legal action against Labour's VAT policy, which will impose a 20% tax on school fees from January.
The Guardian
Volvo Car VOLCARb.ST plans to buy out the struggling battery maker Northvolt from Novo Energy, their jointly owned gigafactory in Sweden.
British media regulator Ofcom fined UK broadcaster GB News 100,000 pounds ($128,980.00) for "breaking due impartiality rules" after an interview with the former UK prime minister Rishi Sunak earlier this year.
The Telegraph
British aviation company Reaction Engines has collapsed into administration and filed a notice of intention to appoint administrators after attempts to secure a rescue deal fell through.
The UK government said it is ramping up efforts and working closely with the car industry after car makers including Honda 7267.T and BMW BMWG.DE temporarily halted sales due to the court ruling on commissions paid to car salesmen.
Sky News
Football financier Keith Harris is spearheading a bid to buy a 45% stake in the Premier League football club Crystal Palace in a deal that could be valued up to 200 million pounds.
Anna Bateson, the chief executive of Britain's Guardian Media Group (GMG), has notified staff that a decision on whether to proceed with the sale of the newspaper will be made by Christmas.
($1 = 0.7753 pounds)
(Compiled by Bengaluru newsroom)
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