Oct 24 (Reuters) – Here are the headlines from the business pages of British newspapers. Reuters has not verified the reports and does not guarantee their accuracy.
– Boris Johnson dropped out of the Conservative leadership race, paving the way for Rishi Sunak to become Britain’s next prime minister.
– Rating agency S&P Global has warned that central banks and regulators should ease rules related to collateral requirements in the wake of the UK pension fund crisis to prevent a further collapse in the financial sector.
– Britain’s data watchdog fined construction group Interserve 4.4 million pounds ($5 million) after a cyberattack allowed hackers to steal the personal and financial information of up to 113,000 employees.
– Online fashion retailer ASOS Plc will confirm on Monday that billionaire retailer Mike Ashley has a more than 5% stake in the company.
– The boss of IBM UK Sreeram Visvanathan said a post-Brexit overhaul of red tape would boost the fortunes of London’s tech sector and allow the city of London to beat international rivals amid political turmoil and an inflation crisis.
– Dietrich Mateschitz, an Austrian billionaire and co-founder and owner of Red Bull, has died at the age of 78 after developing severe cancer.
($1 = £0.8804) (Compiled by Bangalore Newsroom)