PRESS DIGEST-British Business - Jan 10

Reuters
01-10
PRESS DIGEST-British Business - Jan 10

Jan 10 (Reuters) - 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 London-based obesity drugs company, Verdiva Bio, has raised $411 million in what is understood to be the biggest Series A round in the biopharma industry in Europe.

The Guardian

Rachel Reeves is considering imposing steeper cuts to public services to repair the government's finances after a bruising week in which investors drove up the cost of UK borrowing and pushed the pound to a 14-month low.

- UK'S culture minister, Lisa Nandy, launched a consultation in an attempt to cap the price at which tickets for live events can be resold to crack down on touting in the music sector.

The Telegraph

- Rolls-Royce RR.L Motors plans to invest a record 300 million pounds ($368.97 million) to double the size of its UK factory and meet soaring demand for customised cars that can sell for more than 1 million pounds.

Britain is "back under union control", Kemi Badenoch has warned. The Tory leader said Labour's education plans proved Keir Starmer was bowing to union demands.

Sky News

- Stellantis STLAM.MI met the UK government's electric vehicle $(EV)$ sales mandate last year despite publicly criticising the target and announcing the closure of its Luton factory.

The Independent

Britain's former foreign secretary David Lammy has declared that the hard-won "post-Cold War peace is well and truly over" as he used his first major speech of 2025 to take aim at Vladimir Putin and Russian aggression.

($1 = 0.8131 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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