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PRESS DIGEST-British Business - Aug 1

ReutersAug 1, 2025 2:51 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

- Canada's Brookfield Wealth Solutions BNT.N agreed to acquire Just Group JUSTJ.L for 2.4 billion pounds ($3.17 billion) as part of its expansion into the UK pension risk market, sending the British insurer's shares to an 11-year high.

The Guardian

- A radar-related technical failure that led to hundreds of flights being disrupted was an "isolated event" with "no evidence of malign activity", the transport secretary has said, after summoning the head of the UK air traffic control service, Nats, to account for the disruption.

- Heathrow has submitted its "shovel-ready" plans for a third runway as part of a 50 billion pounds investment, as the government said expanding Europe's largest airport could create 100,000 jobs and drive growth.

The Telegraph

- Jaguar Land Rover chief Adrian Mardell will step down after more than three decades at the company, having said he wanted to retire after three years as CEO.

- Drax Group's DRX.L owners want to build an artificial intelligence data centre on land next to the power station where it can draw electricity via direct connections to the plant.

Sky News

- Swedish fintech Klarna is preparing to revive a public listing in New York this autumn, with the company's advisers aiming to launch an initial public offering in September or October if market conditions are conducive.

($1 = 0.7578 pounds)

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