Press Digest – British Business – October 24

Oct 24 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and cannot be verified for their accuracy.

The Times

– Boris Johnson has pulled out of the Conservative leadership race, paving the way for Rishi Sunak to become Britain’s next prime minister.

– Central banks and regulators need to loosen rules related to collateral requirements to prevent further attacks in the financial sector after the UK pension fund crisis, ratings agency S&P Global has warned.

The guard

– British data watchdog Intersever has revealed that it stole the personal and financial information of up to 113,000 employees in a £4.4 million ($5.00 million) cyber attack on the construction group.

– Online fashion retailer ASOS Plc is set to confirm on Monday that billionaire retailer Mike Ashley has built a stake of more than 5% in the company.


– A post-Brexit red tape overhaul will boost the fortunes of London’s tech industry and allow the city to beat global rivals despite political turmoil and inflation, IBM UK boss Sreeram Visvanathan said.

Sky News

– Austrian billionaire founder and Red Bull owner Dietrich Matschitz has died of cancer at the age of 78.

($1 = 0.8804 pounds) (Compiled by Bengaluru Newsroom)

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