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PRESS DIGEST-British Business - Oct. 30

·2 min read

Oct 29 (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

Blackstone Group Inc has completed the largest warehouse investment purchase on record in Britain as the American private equity group bought a 473-million-pound ($616.46 million) portfolio of warehouses around the country from Prologis Inc, a New York-listed investor. https://bit.ly/3eaV9rx

PWC, the accountant, which employs 22,000 people in Britain, has committed to retaining all of its office space even as a rise in COVID-19 cases makes staff prepare for months of working from home. https://bit.ly/3kHGZAG

The Guardian

Britain's Labour opposition was plunged into turmoil after the party suspended Keir Starmer's predecessor, Jeremy Corbyn, in the wake of a damning report into anti-Semitism that found the party responsible for unlawful acts of harassment and discrimination. https://bit.ly/34FrnYX

UK-based restaurant chain Pizza Express is to axe a further 1,300 jobs in a new round of cost-cutting as the chain braces for tough winter trading under a second wave of the COVID-19 pandemic. https://bit.ly/2HQm0gA

The Telegraph

BBC presenters appeared to undermine a new crackdown on political bias and "virtue signalling" only hours after the new rules were introduced. https://bit.ly/3ebsEd2

British Prime Minister Boris Johnson is facing growing pressure to implement a widespread lockdown before and after Christmas while allowing families to meet over the festive period. https://bit.ly/2TCcJve

Sky News

The largest takeover deal in the luxury sector is back on track after U.S. jeweller Tiffany & Co agreed to accept a reduced price from the French luxury goods group LVMH . https://bit.ly/2HPUvUt

The online ratings platform Trustpilot has appointed JPMorgan Chase & Co and Morgan Stanley to act as global co-ordinators of an initial public offering that is likely to take place in the first half of next year - subject to market conditions. https://bit.ly/37TD0gQ

The Independent

More government spending is "essential" to protect jobs and the UK economy through the COVID-19 pandemic and Brexit, the International Monetary Fund has said. https://bit.ly/35LItn1

($1 = 0.7673 pounds) (Compiled by Bengaluru newsroom)