PRESS DIGEST-British Business - September 25

Reuters
09/25
PRESS DIGEST-British Business - September 25

Sept 25 (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

- Britain's biggest carmaker Jaguar Land Rover was uninsured for the disastrous cyberattack that has shut down its production, according to an insurance journal.

- BT BT.L CEO Allison Kirkby said the burden of "government inflicted" taxes and compliance was 10 times higher in Britain than in Europe, as she warned that uncertainty about any further increase would deter the investment the country needed.

The Guardian

- The UK government could start buying parts from Jaguar Land Rover’s suppliers in a plan to protect manufacturing jobs from the impact of a severe cyber-attack, as it explores options to support companies supplying the stricken carmaker.

- Moderna's MRNA.O UK chief defended Britain's drug pricing regime as the U.S. vaccine maker opened a 150 million pound ($201.9 million) manufacturing site in Oxfordshire.

The Telegraph

- Ryanair RYA.I faced criticism from campaigners over plans to scrap paper boarding passes from November, a move they say could make travel harder for elderly passengers who rely on printed tickets.

- Britain is heading for a recession, the chief executive of electronics retailer AO World AO.L warned, citing rising inflation and mounting job losses as signs of a looming economic downturn.

Sky News

- Lloyds LLOY.L said it will close 49 branches across the UK between January and October 2026, citing a shift in customer preference towards digital banking.

The Independent

- Danish toymaker Lego said it will buy 29 discovery centres from UK-based theme park operator Merlin Entertainments in a 200 million pounds ($269.5 million) deal, in line with a strategy to strengthen control over consumer interactions with its brand.

- Small British businesses are reluctant to invest due to a lack of confidence in the economy and fears of further tax hikes, leaving billions of pounds of untapped spending potential, Barclays BARC.L has said.

($1 = 0.7431 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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