British Business - July 17
July 17 (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
- The FTSE 250 precision instruments company Spectris SXS.L has struck a deal to buy U.S.-based Micromeritics for an upfront 485 million pounds($629.14 million)in its latest bolt-on acquisition.
- Ofwat has opened cases against four more water companies, including Severn Trent SVT.L and United UtilitiesUU.L , as the regulator expands its investigation into sewage spills.
The Guardian
- Harland & WolffHARL.L, the owner of the Belfast shipyard that built the Titanic, has insisted that it is still awaiting a government decision on a 200 million pounds ($259.44 million)intervention despite signs that Labour is due to reject the financial lifeline.
- Britain's competition regulator The Competition and Markets Authority (CMA) has launched a full investigation into Microsoft's MSFT.O deal with AI startup Inflection.
The Telegraph
- Octopus Energy is poised to build hundreds of onshore wind turbines across the countryside as Labour pushes ahead with its manifesto promise to double production.
- The new owner of Royal Mail has vowed to keep delivering letters six days a week in an attempt to quash concerns that the service could be reduced.
Sky News
- Cineworld CINE.D has opened talks with some of Britain's biggest commercial landlords about its plans to axe up to a quarter of its British cinema estate.
- Tiger Global, one of the world's most prolific investors in technology companies is in talks to lead a new investment round at Revolut, the British-based fintech.
The Independent
- The UK's Labour government is taking its first steps to build greater trading links with EU members as new business secretary Jonathan Reynolds meets international counterparts in Italy.
($1 = 0.7709 pounds)
(Compiled by Bengaluru newsroom)
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