PRESS DIGEST-British Business - Dec 19

Reuters
2024-12-19
PRESS DIGEST-British Business - Dec 19

Dec 19 (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

- American activist investor Saba Capital has launched a campaign to remove the boards of seven UK-listed investment trusts, including three Baillie Gifford trusts, two Janus Henderson trusts, CQS Natural Resources Growth & Income and Herald.

- Unilever ULVR.L said it has received an offer for its Unox, Zwan meat and soup brands from Zwanenberg Food Group.

The Guardian

- Britain's Thames Water will be allowed by water regulator Ofwat to increase customer bills by around 33% over the next five years, a far smaller increase than the troubled company had said was needed.

- Low-cost footwear retailer Shoe Zone has blamed additional costs from changes to wages, national insurance contributions (NICs) in October's budget and weakening consumer confidence for its decision to close stores.

The Telegraph

- British defence secretary John Healey has opened the door to British troops being sent to Ukraine to help train the country's soldiers.

- British health secretary Wes Streeting has said that the government may scrap some NHS targets and give more freedom to hospital bosses.

Sky News

- Guardian Media Group $(GMG.AU)$ said that The Observer is to fall under the ownership of Tortoise Media in a binding deal signed after weeks of controversy about the fate of the world's oldest Sunday newspaper.

- Almost 60,000 homes across Hampshire are without water because of a "technical issue" at a Southern Water supply works, the company said.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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