British Business - Oct 1
Oct 1 (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
- British sportswear and apparel retailer Frasers Group FRAS.L has launched an audacious 83 million pounds ($111.02 million) takeover bid for Mulberry, one of Britain's best-known luxury brands, after being blindsided by a 10 million pounds rights offer.
- A lobbyist who has been working closely with Rachel Reeves is employed by a company that represents Shein, the controversial Chinese fast fashion giant that is attempting to secure a UK corporate listing.
The Guardian
- Thames Water has said it could be blocked from raising new debt as early as next week, as the struggling water company fights for its survival.
- Britain has chartered a flight out of Lebanon for Britons to leave the country amid the escalating violence in the region.
The Telegraph
- The Post Office is facing a second IT scandal after an investigation found software used before Horizon could have created shortfalls for sub-postmasters as early as 1993.
Sky News
- BlackRock's BLK.N private markets division could strike a deal to acquire Lanes Group, which is a major contractor to Thames Water based in Leeds, within days.
- Britain's biggest steelworks has shut down production after more than 100 years, leading to thousands of job losses across South Wales.
The Independent
- British cabinet secretary Simon Case has said he will stand down at the end of this year on health grounds.
($1 = 0.7476 pounds)
(Compiled by Bengaluru newsroom)
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