British Business Oct 18,
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports.
The Times: British online retailer N Brown Group has agreed to a takeover of 191 million pounds ($248.72 millions) led by its majority owner Joshua Alliance. British Prime Minister Keir starmer has criticised senior members of his Cabinet for urging him to reverse planned cuts in Finance Minister Rachel Reeves’s first budget.
The Guardian: Tesco has signed a deal with the Cleve Hill Solar Park in Kent to purchase almost two thirds of their entire electricity output. The British Finance Minister Rachel Reeves is at odds with the deputy prime minister Angela Rayner over a large programme of social housing building.
The Telegraph: British supermarket chain Sainsbury's has decided to use larger self-checkout machines instead of human cashiers. This is after the boss defended his decision to make stores more efficient. The Guardian's journalists will vote on possible strike action, as anger grows about plans to sell The Observer Sunday to Tortoise - a startup founded by former BBC News boss James Harding.
Sky News: Wagamama's owner, The Restaurant Group has started exploring a refinancing of 300 million pounds ($390.66m) to lower its borrowing costs. Mothercare, an Indian company, has formed a joint-venture with Reliance Brands Holding UK. Gordon Brothers refinanced the debt. ($1 = 0.7679 pound) (Compiled from Bengaluru Newsroom)
(source: Reuters)
