British Business - Oct 24
Oct 24 (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
- London taxi firm Addison Lee has been sold to Singapore-based transport group ComfortDelGro CMDG.SI for 269.1 million pounds ($347.65 million), which plans to bring its services to cities outside the capital.
- Mike Ashley-owned retail group Frasers FRAS.L said on Wednesday it would not make an offer for Mulberry MUL.L after its proposals were rebuffed by the British luxury brand's board and its biggest shareholder, Challice.
The Guardian
- UK's finance minister Rachel Reeves will announce a plan to change the country's debt rules, opening the door for the government to spend up to 50 billion pounds ($64.60 billion) extra on infrastructure projects.
The Telegraph
- Unions in the workplace will be able to stage strike action for up to a year under new powers drawn up by Deputy Prime Minister Angela Rayner.
- London-based broadband business, Community Fibre, has raised a further 125 million pounds ($161.49 million) in funding as it attempts to lure customers away from BT BT.L with cheaper deals.
Sky News
- Octopus Energy will announce on Thursday that it has paid more than 3 billion pounds ($3.88 billion) to the government, including more than 40 million pounds accrued under a profit-share agreement between the company and Whitehall two years ago.
- Bain Capital and Swiss-based Partners Group are among the buyout firms considering whether to make initial offers for the division of Evelyn Partners ahead of a deadline this week.
The Independent
- Rachel Reeves will turn on the spending taps to upgrade Britain's creaking infrastructure and invest in the clean energy transition, she will tell world leaders at the International Monetary Fund(IMF).
($1 = 0.7741 pounds)
(Compiled by Bengaluru newsroom)
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