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PRESS DIGEST-British Business – Jan 25

The following are the top stories on the business pages of British newspapers. ** Most of the board of Capricorn Energy has resigned and a shareholder vote on its merger with Israel's NewMed has been pushed back by three weeks. ** Hakan Koç is to acquire Truphone in a pre-pack administration after Abramovich was hit by sanctions in the wake of Russia's invasion of Ukraine. Read More...

Jan 25 (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

** Most of the board of Capricorn Energy has resigned and a shareholder vote on its merger with Israel’s NewMed has been pushed back by three weeks.

** Hakan Koç is to acquire Truphone in a pre-pack administration after Abramovich was hit by sanctions in the wake of Russia’s invasion of Ukraine.

The Guardian

** The chief executive of Royal Mail is to face a rare recall to parliament to face questions over the accuracy of evidence he gave to a committee of MPs.

The Telegraph

** Alphabet Inc’s Google is being sued by the US government, which wants to break up the company’s core advertising business.

** Rupert Murdoch has called off plans for a merger between News Corp and Fox Corp after a backlash from investors.

Sky News

** Liverpool and Manchester United supporters will temporarily set aside their historical enmity this week by uniting to demand tougher ownership rules for English football clubs.

** The trustees of the Arcadia Group pension scheme are close to striking a binding deal with Aviva to guarantee its members’ incomes. (Compiled by Bengaluru newsroom)

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