tradingkey.logo

PRESS DIGEST-British Business - June 11

ReutersJun 11, 2025 2:16 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

- Marks and Spencer MKS.L has resumed online orders nearly two months after a major cyberattack, initially offering select fashion items for delivery in England, Scotland, and Wales, as it works to restore full services and recover from an estimated 300 million pound ($404.22 million) hit to operating profit.

- Diageo DGE.L is considering a sale — full or partial — of its stake in the Indian Premier League team Royal Challengers Bengaluru, potentially valuing the franchise at up to $2 billion, as part of a broader strategy to streamline its portfolio amid declining alcohol sales and regulatory pressures in India.

The Guardian

- Rolls-Royce RR.L has been chosen to build the UK’s first small modular nuclear reactors, beating US rivals, as part of a major government push to expand nuclear energy alongside the 14.2 billion pound Sizewell C project.

- Ofcom has launched investigations into 4chan and several file-sharing services for potentially breaching the UK’s Online Safety Act by failing to protect users from illegal content and not maintaining proper safety and risk assessment measures.

The Telegraph

- Uber UBER.N will begin testing self-driving taxis in London from spring 2026 through a partnership with UK-based Wayve, marking the UK’s first trial of fully autonomous ride-hailing vehicles without safety drivers, ahead of a broader rollout planned for 2027.

- BT BT.L is exploring a potential takeover of TalkTalk amid the latter’s deepening financial crisis and customer losses, aiming to secure its broadband market position — but any deal could face regulatory scrutiny due to competition concerns.

Sky News

- CK Infrastructure Holdings 1038.HK has asked to rejoin the Thames Water rescue bid days after KKR KKR.N withdrew its offer, as the utility faces mounting financial and regulatory pressure; however, CKI’s bid could face political resistance due to concerns over its ties to Beijing.

- KPMG is preparing to launch the process to elect its next global chairman, with UK chief Jon Holt widely tipped as a contender to succeed Bill Thomas when his term ends in 2026.

The Independent

- Martijn Gilbert, managing director of the company behind strike-hit Hull Trains, has stepped down with immediate effect amid ongoing industrial action by Aslef over a driver’s dismissal, with Stuart Jones appointed to lead the open access rail businesses.

($1 = 0.7422 pounds)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI