PRESS DIGEST-British Business - Oct 31

Telefonica SA Sponsored ADR +0.47% Post
Astrazeneca PLC Sponsored ADR -0.38% Post
Liberty Global Plc Class A +4.62% Post
Brookfield Asset Management Inc. Class A -0.90% Post
Dow Jones Industrial Average -0.47%

Telefonica SA Sponsored ADR

TEF

4.30

4.27

+0.47%

-0.66% Post

Astrazeneca PLC Sponsored ADR

AZN

65.04

64.96

-0.38%

-0.12% Post

Liberty Global Plc Class A

LBTYA

12.45

12.47

+4.62%

+0.16% Post

Brookfield Asset Management Inc. Class A

BAM

56.07

56.07

-0.90%

0.00% Post

Dow Jones Industrial Average

DJI

43750.86

-0.47%

- 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

Bank of London said on Wednesday that deputy chairman Lord Mandelson and chairman Harvey Schwartz are leaving as part of a boardroom exodus after the financial technology start-up was thrown into turmoil last month.

Mark Carney-chaired Brookfield BAM.TO said on Wednesday that it will pay 1.75 billion pounds ($2.27 billion) to Denmark's Orsted ORSTED.CO for a 12.5 % stake in four of its British offshore windfarms.



The Guardian

UK's HS2 trains will be able to run all the way to Euston after the chancellor, Rachel Reeves, committed to funding tunnelling work to the central London station.

Rachel Reeves announced on Wednesday that the National Health Service (NHS) in England is to receive a 22.6 billion pounds($29.28 billion) cash injection over two years, in what she called the biggest spending increase outside Covid since 2010.


The Telegraph

Virgin Media O2, a joint venture between US telecoms company Liberty Global LBTYA.O and Spain’s Telefonica TEF.MC has sold a 8% stake in UK's Cornerstone mobile masts business to Equitix, the British infrastructure investment firm.

British pharmaceutical giant, AstraZeneca AZN.L confirmed on Wednesday that the president of AstraZeneca’s China division, Leon Wang has been placed under investigation by local police.


Sky News

Florida based Azorra Aviation Holdings, an aircraft leasing company backed by Oaktree Capital, is planning to acquire London-listed rival Avation 9K0.F.

UK finance minister Rachel Reeves said on Wednesday that she cannot rule out more tax rises in the next five years, despite raising it to its highest level since comparable records began.



($1 = 0.7720 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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