British Business - Nov 5
Nov 5 (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
- Anglo American AAL.L has agreed to sell 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia for A$1.6 billion ($1.1 billion).
- The creditor group of Britain's Thames Water has agreed to underwrite 1.5 billion pounds ($1.95 billion) funding to get the company back on its feet before a proposed restructuring in the new year.
The Guardian
- The British government plans to ban smoking outside schools, hospitals and playgrounds but abandoned plans for a ban on smoking outside pubs and cafes as part of a crackdown on one of the UK's biggest killers and its most common cause of cancer.
The Telegraph
- Neil Sorahan, CEO of Ryanair RYA.I, said UK airports must slash landing fees after British finance minister Rachel Reeves hiked airline departure taxes in the Budget.
Sky News
- Former UK chancellor Nadhim Zahawi is in talks with New York Sun owner David Efune's investment banking adviser LionTree on the Daily Telegraph deal, which is expected to be worth about 550 million pounds ($712.5 million).
- Britain has detected two more cases of the new mpox variant clade Ib in household contacts of the first case, the country's health security agency (UKHSA) said, bringing the total number of confirmed cases to three.
The Independent
- The British government announced plans to raise the cost of university tuition fees for domestic students in England on Monday the first time in eight years in an attempt to improve the finances of many crisis-hit institutions.
($1 = 0.7718 pounds)
(Compiled by Bengaluru newsroom)
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