Yahoo Finance PRESS DIGEST-British Business - Oct 24
Oct 24 (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
- British start-ups have attracted $15 billion in investment from venture capital firms in the current year, reaffirming the UK's position as the leading destination in Europe for young high-growth businesses.
- St James's Place plc has suspended dealings in its property unit trust, becoming the most recent fund to suspend activity in the UK commercial property sector due to investor withdrawals amid market difficulties.
The Guardian
- British Steel's Chinese owner is preparing to cut as many as 2,000 jobs as it battles losses believed to be running at 30 million pounds ($36.77 million) a month.
- UK MPs have conveyed to the rail minister that the proposed closure plans of rail ticket offices in England go too far, too fast and are too radical to be rolled out without being piloted first before nationwide implementation.
The Telegraph
- Premiership Rugby is in a hurry to secure a television rights agreement with TNT Sports before the Premier League auction concludes, as the broadcaster pushes for a discount on its next contract.
Sky News
- The City minister Andrew Griffith is to hold talks with some of Britain's biggest banks in the lead-up to the autumn statement as the government looks to extend its flagship scheme for first-time buyers.
- A government promise to prohibit no-fault evictions might encounter significant delays after Michael Gove told his fellow party members that he will not implement the policy until the courts undergo reforms.
($1 = 0.8158 pounds) (Compiled by Bengaluru newsroom)
