News Digest – UK Business – 17 October

Oct 17 (Reuters) – Here are the headlines from the business section of British newspapers. Reuters has not verified the reports and does not guarantee their accuracy.


– Online fashion retailer ASOS Plc said it was in talks with lenders over the terms of its 350 million pound ($393.44 million) borrowing.

– Senior members of the 1922 Conservative Party committee held talks on Friday night over the future of British Prime Minister Liz Truss. The discussion focused on the situation in which committee chairman Graham Brady had to tell Truss to stand aside.


– Waitrose will revive its controversial free coffee offer among its loyalty card members in a bid to stem the supermarket’s waning fate.

– A vaccine targeting cancer could be on the market by the end of the decade, according to the founder of German company BioNTech SE.

The Telegraph

– Newly appointed Chancellor of the Exchequer Jeremy Hunt has warned that tough decisions ahead will affect “all walks of life” as he prepares for household spending restrictions.

– Tesco Plc chairman John Allen backed Labour’s growth plans as he claimed there was “only one team” in British politics after weeks of political and economic turmoil.

sky news

– Sky News has learned that lenders to online fashion retailer ASOS are working with AlixPartners and Clifford Chance to advise them if their financial performance deteriorates post-pandemic.

($1 = £0.8896) (Compiled by Bangalore Newsroom)

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