PRESS DIGEST-British Business - September 30

By Reuters News

- 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

  • Smart ring maker Oura has delayed its US initial public offering, following its plans to list on the Nasdaq exchange at a valuation of about $15 billion.

  • Channel 4's chief executive, Priya Dogra, has ruled out a merger with the BBC but is open to putting content on the state-backed broadcaster's iPlayer streaming service.

The Guardian

  • Britain's Marks & Spencer MKS.L has signed a deal with Sephora to open areas under the beauty brand's name within its stores and sell through its website from spring next year.

  • Barclays BARC.L has eased its return-to-office plans, allowing some employees to wait until 2027 before having to be in the office at least three days a week.

The Telegraph

  • British engineering firm Vesuvius VSVS.L said that it wasassessing a £1.37 billion ($1.81 billion) bid from rival RHI Magnesita N.V RHIM.VI.

  • British Prime Minister Andy Burnham said he will create a new state-owned entity, Great British Grid to compete with rivals National Grid NG.L in England and Wales, and SSE SSE.L and Scottish Power in Scotland.

Sky News

  • Volkswagen VOWG.DE is preparing to disclose ahit from the Financial Conduct Authority's £9 billion motor finance redress scheme, after it joined a group of rivals to challenge its implementation.

  • TalkTalk is nearing a £200 million ($264.60 million) deal, with Ares Management ARES.N poised to gain ownership of its consumer arm.

The Independent

  • British Prime Minister Andy Burnham said he is planning new laws to pave the way for public ownership of failing water firms.

($1 = 0.7559 pounds)

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