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PRESS DIGEST-British Business - December 15

Reuters12-15 08:44

PRESS DIGEST-British Business - December 15

Dec 15 (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

Drax DRX.L is cutting more than half of its global division specialising in the controversial green technology known as carbon capture and storage.

New cars that are sold and registered in Northern Ireland will have to conform with EU rather than British standards from January 1, 2026.

The Guardian

Rothermere's Daily Mail and General Trust (DMGT) has secured funding for a 500 million pound($668.45 million) takeover of the Telegraph.

Training and qualifications body City & Guilds is shrinking its UK workforce as part of a 22 million pound ($29.41 million)cost-cutting drive.

The Telegraph

The BBC's push to switch off terrestrial TV risks taking commercial radio stations off air, ministers have been warned.

Sky News

Blackrock BLK.N division HPS is among the parties negotiating with CVC Capital CVC.AS over the financing of its Global Sports Group $(GSG)$ holding company.

High street fashion giant Next NXT.L is among the parties in talks with Russell & Bromley's advisers about a deal.

The Independent

The Bank of England is readying to cut interest rates to the lowest level in nearly three years.

WH Smith SMWH.L is set to shed light on its finances after its annual results were delayed following accounting errors which led to the resignation of its boss.

($1 = 0.7480 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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