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PRESS DIGEST-British Business - May 20

ReutersMay 20, 2025 2:34 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

- A legal stalemate over how much money Mike Lynch's estate may have to pay Hewlett Packard HPE.N, in one of the Britain's biggest corporate fraud cases, has been resolved.

- British ports have called for compensation after wasting millions on border infrastructure that will never be used, as Brexit border checks are set to be rolled back.

The Guardian

- Britain and the European Union reached a last-minute deal over a significant reset to relations after a breakthrough on fishing rights and checks on food and other agricultural products.

- Britain's Ministry of Justice said that the personal data of hundreds of thousands of legal aid applicants in England and Wales dating back to 2010, including criminal records and financial details, has been accessed and downloaded in a "significant" cyber-attack.

The Telegraph

- British finance company Revolut said it plans to invest 1 billion euros ($1.12 billion) over the next three years on expanding in France and will soon apply for a French banking licence.

- UK's number three food retailer Asda has begun searching for a replacement for Adrian McKeon, its vice president for commercial ambient, just five months after hiring him.

Sky News

- Jonathan Harmsworth who controls Daily Mail and General Trust (DMGT) 54HB.L, was in negotiations late last week which would have seen him taking a 9.9% stake in the Telegraph titles.

- Wagamama owner, The Restaurant Group, is in advanced discussions to buy some of the privately held assets of Oakman Group.

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