PRESS DIGEST-British Business - November 4

Reuters11-04
PRESS DIGEST-British Business - November 4

Nov 4 (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

- BP BP.L has agreed to sell minority stakes in its U.S. onshore oil and gas pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5 billion.

- Italian prosecutors seized 1.3 billion euros ($1.52 billion) in shares from Campari CPRI.MI owner Lagfin over alleged 5.3 billion euros in undeclared capital gains and unpaid exit tax.

The Guardian

- Ryanair RYA.I CEO Michael O'Leary warned the British economy is "doomed" under the Labour government of Chancellor Rachel Reeves, urging tax cuts to spur growth.

The Telegraph

- Chinese owners of British semiconductor maker Dynex Semiconductor have halted production of high-voltage chips at its Lincoln factory and shifted operations to expanding facilities in China.

Sky News

- British buyout firm Epiris is in talks to acquire a bundle of subsidiaries from marketing services group Next 15 NFGN.L, including MHP Communications, for about 230 million pounds ($308.68 million).

($1 = 0.7451 pounds)

($1 = 0.8575 euros)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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