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PRESS DIGEST-British Business - April 30

ReutersApr 30, 2026 3:27 AM
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- 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

AstraZeneca has reactivated a 200 million pound ($269.50 million) investment at its Cambridge headquarters and announced 100 million pounds of new funding for its site in Macclesfield, as it welcomed the government’s recent agreement to raise medicines prices in Britain.

Britain’s biggest business lobby groups have written to the minister for employment rights to complain that a lack of consultation risks “significant disruption” from increased trade union access rights.

The Guardian

British right-wing Reform leader Nigel Farage was given 5 million pounds by crypto billionaire Christopher Harborne shortly before announcing he would stand in the 2024 British general election.

British refineries have been asked to maximise jet fuel supply as part of government contingency planning, amid growing fears the Iran war will force planes to be grounded.

The Telegraph

Mobile brand BT is to spend tens of millions of pounds attempting to restore its brand this summer as the company tries to realise its growth ambitions.

Sky News

British sportswear and fashion firm Frasers Group FRAS.L has struck a deal to acquire Frog Bikes, which collapsed into administration earlier this year.

German car group Mercedes-Benz MBGn.DE along with rival Volkswagen VOWG.DE, decided over the weekend to challenge the Financial Conduct Authority's (FCA) redress programme.

The Independent

The Bank of England is poised to keep interest rates on hold as policymakers opt for a cautious approach while weighing up the impact of war in the Middle East on the cost of living.

($1 = 0.7421 pounds)

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