British Business - Oct 7
Oct 7 (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 owner of the American conservative newspaper The New York Sun Dovid Efune is closing in on a deal to buy the Telegraph for more than 550 million pounds ($721.99 million).
- An alliance of dozens of the biggest pension funds in Britain with assets of 350 billion pounds has renewed its attack on the London Stock Exchange LSEG.L, warning that it should not be pushing to weaken boardroom standards in listed companies any further.
The Guardian
- More than 70 retailers, including Tesco TSCO.L, Marks & Spencer MKS.L and Ikea, are lobbying the chancellor, Rachel Reeves, for a 20% cut to business rates, warning that the property tax could force tens of thousands of shops to shut.
The Telegraph
- The British digger maker JCB, owned by the billionaire Bamford family, has axed around 230 workers amid a global slump in manufacturing.
Sky News
- Sue Gray has resigned from her position as Keir Starmer's chief of staff, and will be replaced by the party's former campaign director who masterminded July's election landslide Morgan McSweeney.
($1 = 0.7618 pounds)
(Compiled by Bengaluru newsroom)
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