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PRESS DIGEST-British Business - July 29

ReutersJul 29, 2025 2:40 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

- Heineken HEIN.AS is exploring moving production to the U.S. to counter a 15% tariff agreed between President Trump and the EU.

- GSK GSK.L agreed a $500 million deal with China's Hengrui Pharma 600276.SS to develop up to a dozen new medicines.

The Guardian

- British fintech Wise WISEa.L will shift its primary stock market listing from London to the U.S. after shareholders approved a dual listing on Monday, aiming to attract more investors and enhance its value.

- The UK government invested 29 million pounds ($38.72 million) to reopen Cornwall's South Crofty tin mine, aiming to revive the region's mining industry and create over 1,000 jobs.

The Telegraph

- EasyJet EZJ.L founder Stelios Haji-Ioannou lost his appeal in a trademark dispute against charity platform Easyfundraising, with the UK Appeals Court ruling the name was unlikely to cause consumer confusion.

- Greater Manchester Mayor Andy Burnham's administration was cleared by the Competition Appeal Tribunal, dismissing claims that 800 million pounds in taxpayer loans to developer Renaker was an illegal subsidy.

Sky News

- U.S. private equity firm TPG TPG.O is in advanced talks to acquire a significant stake in Tide, a British digital banking platform.

- David Page, former PizzaExpress CEO, is seeking to raise 10 million pounds to lead a turnaround at London-listed Tasty TAST.L, which would be renamed Bow Street Group plc.

The Independent

- U.S. President Donald Trump signaled he would not oppose British Prime Minister Keir Starmer's plan to recognize a Palestinian state, clearing a key hurdle as Starmer prepares for a critical cabinet meeting this week.

($1 = 0.7491 pounds)

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