British Business - July 25
July 25 (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
- Britain's Informa INF.L said it had reached a deal to buy Cannes Lions Festival owner Ascential ASCL.L for 1.2 billion pounds ($1.6 billion), adding the flagship ad industry conference to its portfolio of events.
- British consumer goods company Reckitt RKT.L has put its infant nutrition business and a portfolio of home care brands up for possible sale as part of a shake-up of one the world's biggest consumer healthcare groups.
The Guardian
- UK's Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status.
- UK's Heathrow is preparing to announce a fresh blueprint for a third runway for the Labour government’s approval as record passenger numbers "strain its system to the maximum".
The Telegraph
- Fortress Investment Group, majority owned by Abu Dhabi’s wealth fund Mubadala Capital, has invested 77 million pounds ($99.26 million) in Britain's microchip company Imagination as the Gulf state seeks to become a major player in artificial intelligence.
- C8, a French TV channel owned by billionaire Vincent Bolloré, has been stripped of its broadcasting licence after it was accused of promoting conspiracy theories and fake news.
Sky News
- London-listed luxury goods brand Burberry BRBY.L is seeking a new board member who could take over from Gerry Murphy, its chairman.
- UK's new government should cut taxes on electric vehicles to revive flagging sales and help the industry hit its climate goals, motor trade body Society for Motor Manufacturers and Traders has said.
The Independent
- UK's new Prime Minister Keir Starmer has stood defiant over his decision to suspend seven MPs following their rebellion over the two-child benefit cap.
($1 = 0.7757 pounds)
(Compiled by Bengaluru newsroom)
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