PRESS DIGEST-British Business - Oct 11

Reuters

Oct 11 - The following are the top stories on the businesspages of British newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.

The Telegraph

US SHUTDOWN: MARKETS RALLY AS DEAL EDGES CLOSER

Stocks rallied in the US as the White House and theRepublicans edged closer to a crucial breakthrough to preventAmerica crashing through its $16.7 trillion borrowing limit.

BLACKBERRY CO-FOUNDER MIKE LAZARIDIS CONSIDERING BUYINGMOBILE PHONE MAKER

BlackBerry co-founder Mike Lazaridis has increased his stakein the struggling smartphone maker and is considering buying theentire company, according to a securities filing.

The Guardian

ROYAL MAIL SHARES: THOUSANDS FAIL IN APPLICATIONS FOR LARGERSTAKE

Anyone who applied for more than 10,000 pounds of RoyalMail shares - an estimated 34,500 individuals - will beleft empty-handed after the government chose to favour smallinvestors over those who regularly play the stock market.

BT RETURNS TO MOBILE PHONE BUSINESS WITH EE DEAL

BT is back in the consumer mobile phone business aftersigning a partnership deal with EE under which the formernational monopoly will return to wireless, more than a decadeafter it sold off the O2 network.

The Times

HOME-BUYING AT ITS HIGHEST FOR FIVE YEARS

Mortgage lending has bounced back to levels not seen sincebefore the financial crisis, driven by demand from buyers withsmall deposits.

BOOKIES SPARED CRACKDOWN ON BETTING MACHINES

Bookmakers breathed a sigh of relief yesterday after theDepartment for Culture, Media and Sport said it had decided notto reduce stakes or prizes on lucrative fixed-odds bettingterminals (FOBTs), where punters can stake 100 pounds per playand win a jackpot of 500 pounds.

The Independent

TORIES 'TO CUT AID GIVEN TO POOREST CUSTOMERS BY ENERGYCOMPANIES'

Senior Conservative ministers are attempting to cut theamount of money energy firms have to spend helping their poorestcustomers reduce the cost of their bills, The Independentunderstands.

Sky News

ROYAL MAIL: SOVEREIGN FUNDS TO GET SHARES

A clutch of the world's most powerful sovereign wealth fundsare expected to be allocated millions of pounds worth of sharesin Royal Mail even as thousands of British investors are frozenout of the privatisation.

ENERGY BILLS: SSE TO RAISE TARIFFS BY 8.2 PCT

SSE has become the first of the so-called 'big six' energyfirms to confirm it is raising prices ahead of winter, sparkinga bitter backlash among consumer groups, politicians andregulators.

View Comments (0)