British Business - Nov. 6
Nov 6 (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 18 billion pound ($23.35 billion) merger between Vodafone VOD.L and Hutchison's 0001.HK Three to create Britain's biggest mobile operator has been provisionally cleared by the regulator if the telecom companies commit to large network investments and customer protections.
- Rubens Barbosa, Brazil's former ambassador to the UK, claimed that law firm Pogust Goodhead is encouraging hundreds of thousands of claimants to refuse to participate in a deal between the Brazilian government and BHP BHP.AX that would mean claimants sharing nearly 24 billion pounds ($31.13 billion) in compensation for the Mariana dam collapse.
The Guardian
- Britain's Aslef trade union has suspended a planned two-day strike on the London Underground transport network this month following a significantly improved pay offer, the train drivers union said on Tuesday.
- Treasury officials may have broken the law when they failed to alert the Office for Budget Responsibility about the 9.5 billion pounds ($12.32 billion) of spending that should have appeared in the March Tory budget, MPs have been told.
The Telegraph
- British supermarket group Asda is ordering staff back to the office at least three days a week, while also cutting jobs in an attempt to halt the supermarket's decline.
- UK's assisted dying bill will be published earlier than expected amid concerns that MPs will not have enough time to consider proposals before voting.
Sky News
- British lender NatWest Group NWG.L has offloaded a roughly 11 billion pound($14.27 billion) chunk of its corporate pension scheme to Rothesay, a specialist insurance company.
- Bosses of large retail and hospitality companies and trade associations told business secretary Jonathan Reynolds that last week's budget risked damaging consumer confidence and exacerbating challenges facing the UK economy.
($1 = 0.7709 pounds)
(Compiled by Bengaluru newsroom)
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