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PRESS DIGEST- British Business - Oct 25

Published 25/10/2016, 10:44 am
© Reuters.  PRESS DIGEST- British Business - Oct 25
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Oct 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

A group of Australian farming families have launched an eleventh-hour bid to keep the world's largest parcel of privately owned land, a string of cattle stations, out of Chinese hands. at Port Talbot face fresh uncertainty after the chairman of Tata Sons was ousted amid tensions over the conglomerate's poor performance. He has been replaced by Ratan Tata, the magnate who oversaw the group's international expansion. Guardian

Microsoft Corp MSFT.O will increase the prices it charges British businesses by up to 22 percent to account for the slump in the value of the pound following the EU referendum result. Plc ITV.L has announced plans to cut 120 jobs due to political and economic uncertainty, particularly concerns over the possible impact of Brexit. Telegraph

Cobham Plc COB.L , the troubled aerospace and defence manufacturer, has cut its profit forecast for the second time this year, sending its shares plunging. Trump's presidential campaign is facing a fundraising scandal after a Telegraph investigation exposed how key supporters were prepared to accept illicit donations from foreign backers. News

A series of huge fines from U.S. regulators for mis-selling mortgage securities could be delayed until after next month's presidential election, dealing a blow to Royal Bank of Scotland's RBS.L hopes of finalising a settlement by the end of the year. UK government will make the decision of expanding an airport in southeast England on Tuesday. It is widely expected that Heathrow will be the winner but that Gatwick will be allowed to expand at a later date. Independent

Banks are planning to move business overseas in the first few months of 2017, Anthony Browne, chief executive officer of the British Bankers' Association, warned on Sunday, and some property investment companies are already looking to acquire new offices for their clients. http://ind.pn/2dE2Tq0

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