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PRESS DIGEST-British Business - March 24

ReutersMar 24, 2025 4:17 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

- British engine maker Rolls-Royce RR.L is exploring ways to expand its U.S. manufacturing operations to mitigate the impact of rising global tariffs on engine components.

- The London listing of Santander SAN.MC backed payments company Ebury faces uncertainty as market volatility has prompted caution among investors, according to chairman Bruce Carnegie-Brown, adding that the business was in talks with investors about a possible share sale.

The Guardian

- London's Heathrow airport has returned to normal business two days after it was forced to close when a fire at an electrical substation caused a power cut.

The Telegraph

- British online supermarket and technology group Ocado OCDO.L has watered down targets to get more ethnic minority people into senior roles amid a wider rollback of diversity initiatives within the country.

- Britain's biggest water supplier, Thames Water's efforts to secure new investors for billions in emergency capital faced challenges as the company struggled to provide accurate records of its extensive assets, despite a 3-billion-pound ($3.87 billion) debt bailout approval.

Sky News

- British finance minister Rachel Reeves told Sky News that she is eyeing spending cuts to the value of over 2 billion pounds for government officials including axing 10,000 civil service jobs to free up resources for "front line" services.

($1 = 0.7745 pounds)

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