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PRESS DIGEST-British Business - April 4

ReutersApr 4, 2025 2:25 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

- British healthcare REIT Assura AGRP.L has received a 1.5 billion-pound ($1.96 billion) indicative cash-and-stock bid from Primary Health Properties PHP.L, above an earlier offer it had rejected, but below a U.S. consortium's all-cash bid.

- Construction equipment manufacturer J.C. Bamford Excavators (JCB) said plans for a 500,000 sq ft factory in San Antonio had been revised since U.S. President Donald Trump unveiled a 10% tariff on all imported UK goods.

The Guardian

- Britain approved the expansion of London's Luton Airport on Thursday and granted a development consent order for the airport's plans to add a new terminal, which will allow passenger numbers at the capital's fourth busiest hub to jump by almost 80%.

The Telegraph

- Ireland's data protection commissioner (DPC) is expected to hit TikTok with a privacy fine of more than 500 million euros ($553.1 million) for illegally shipping European users' data to China.

- European defence companies are seeking to club together to form a rival to Elon Musk's SpaceX within months, the head of the Italian manufacturing giant Leonardo LDOF.MI has said.

Sky News

- Accountancy firm MHA is struggling to hit a 125 million-pound fundraising target as part of plans that would see its shares listed on the London Stock Exchange.

($1 = 0.7635 pounds)

($1 = 0.9041 euros)

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