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PRESS DIGEST-British Business - March 28

ReutersMar 28, 2025 3:06 AM

- 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

- Mobico MCG.L has appointed former chief executive Phil White as chairman of the company, the British transport company said on Thursday.

- Richard Magides, a British investor and one of the largest shareholders in 23andMe ME.O, is interested in backing a rescue of the genetic testing company which filed for bankruptcy on Sunday.

The Guardian

- British Steel said it could close its two blast furnaces leading to 2,700 jobs being cut, sparking tensions between UK ministers, the China-owned company and trade union leaders over the closure of the furnaces in Scunthorpe.

The Telegraph

- British Prime Minister Keir Starmer said that the country's military chiefs will visit Ukraine in the coming days to help develop "operational" plans to enforce a future ceasefire, after rejecting Vladimir Putin's demand to lift sanctions in return for a truce.

- Billionaire Jim Ratcliff's car maker Ineos Automotive has accused the European Union for its lack of action as Donald Trump escalated his global tariff war.

Sky News

- Sky, the owner of Sky News, said that 2,000 jobs at its customer service centres are at risk adding that its proposals, including the closure of three UK sites, would affect 7% of its overall workforce and were currently subject to consultation.

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