British Business - Oct 8

Oct 8 (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

- BlackRock Inc BLK.N , which manages about $9.5 trillion, said that it was giving some clients in indexed funds the option to make their own voting decisions at companies they indirectly hold shares in. Link

- Weir Group PLC WEIR.L said in an update that it expects its profit to be trimmed by up to 40 million pounds ($54.46 million) as the result of a cyberattack which led to shut down of its systems and disrupted orders into next year. Link

The Guardian

- The Bank of England's new chief economist, Huw Pill, has warned high rates of inflation could last longer than expected, due to severe supply shortages and rising household energy bills. Link

- UK's petrol retailers have called for an independent inquiry into the fuel crisis to ensure it does not happen again, saying the shortages are not easing quickly enough. Link

The Telegraph

- Sanjeev Gupta will delay plans to restart UK production at Liberty Steel, citing concerns from surging energy prices. Link

The UK government removed forty-seven countries from the Government's red list in one of the biggest reopenings of foreign travel since the start of the pandemic. Link

Sky News

- Goldman Sachs Group Inc GS.N is to become the owner of the Belfry golf resort in a deal worth about 140 million pounds ($190.11 million). Link

- UK's Premier League said on Thursday that Saudi-led consortium's 300 million pound ($408.4 million) takeover of Newcastle United has been approved. Link

The Independent

- British energy regulator Ofgem has warned of "significant" price rises and more company failures in the light of soaring gas prices, at the Energy UK conference on Thursday. Link

(Compiled by Bengaluru newsroom)

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