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PRESS DIGEST-British Business - May 15

ReutersMay 15, 2025 3:30 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

- GSK GSK.L will buy efimosfermin, a liver disease drug in late-stage trials, for up to $2 billion from U.S. biotechnology firm Boston Pharmaceuticals, the British drugmaker said.

- Bank of London said it is under investigation by Bank of England's Prudential Regulation Authority over "material uncertainty" about its funding.

The Guardian

- Britain's Department for Culture, Media and Sport is set to allow foreign states to own stakes of up to 15% in British newspapers in a move that could finally end two years of uncertainty over the ownership of the Telegraph titles.

- British ministers have used an arcane parliamentary procedure to block an amendment to the data bill that would require artificial intelligence companies to disclose their use of copyright-protected content.

The Telegraph

- Britain's Burberry BRBY.L announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance.

- Britain's assisted dying bill is at risk of failing because lawmakers are considering pulling their support.

Sky News

- British parcel delivery group Evri has merged with the DHL's DHLn.DE Britain e-commerce business, potentially creating a larger rival to Royal Mail.

- Britain Prime Minister Keir Starmer is in Albania to announce an expanded crackdown on migrant smuggling gangs in the Balkans.

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