British Business - Oct 9
Oct 9 (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
- Ubisoft UBIP.PA, the beleaguered video games studio behind the "Assassin's Creed" franchise, has said it is reviewing strategic options following fresh reports that it could be taken private.
- Rising staff costs at DeepMind, Alphabet's GOOGL.O artificial intelligence laboratory, drove up total administrative spending at the business by 350 million pounds ($458.26 million) to 1.4 billion pounds last year.
The Guardian
- The chair of the Post Office has told a public inquiry that the state-owned body has a "strained" relationship with Fujitsu 6702.T, the company that supplied the faulty Horizon system at the centre of the IT scandal.
- Chancellor Rachel Reeves is pushing ahead with plans to borrow billions of pounds extra for infrastructure investment, despite concerns about rising cost of UK government debt.
The Telegraph
- Shein's British business made 1.55 billion pounds in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a public listing in London.
- British retailer the John Lewis Partnership said Chief Executive Nish Kankiwala will revert to a non-executive role by March next year.
Sky News
- Lisa Nandy, the culture secretary, will hold talks with a group of Premier League clubs about the government's plans for a football watchdog.
($1 = 0.7638 pounds)
(Compiled by Bengaluru newsroom)
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