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PRESS DIGEST-British Business - July 25

ReutersJul 25, 2025 3:14 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

- The billionaire founders of River Island, Lewis family, are set to force through 100% rent cuts on some stores after failing to renegotiate with landlords during the pandemic.

- The ECB left interest rates unchanged after cutting eight times in a year. It's biding its time, while Brussels and Washington try to negotiate a trade deal that could ease persistent uncertainty over tariffs.

The Guardian

- Thousands of EE and BT BT.L customers have reported encountering problems when making or receiving calls as a result of a widespread mobile network outage.

- Britain may have lower gas stockpiles going into the winter after the owner of British Gas, Centrica CNA.L, indicated it plans to sell its stored gas to help reduce losses at a North Sea gas storage facility.

The Telegraph

- A record number of farms have been forced to shut this year after the British government cut inheritance tax relief for farming families.

- The publisher of the Mirror and Express newspapers, Reach RCH.L, is to start trialling paywalls as the rise of artificial intelligence risks sparking a sharp decline in readership.

Sky News

- Enquest ENQ.L and Serica Energy SQZ.L have been in talks with administrators handling the insolvency of parts of Prax Group about submitting offers for its exploration and production arm ahead of a deadline.

- Taavet Hinrikus's investment vehicle, Skaala, said Wise's WISEa.L proposals to move its listing to the U.S. and extend its dual-class voting structure could face legal derailment.

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