PRESS DIGEST-British Business - Jan 10

Jan 10 (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 London-based obesity drugs company, Verdiva Bio, has raised $411 million in what is understood to be the biggest Series A round in the biopharma industry in Europe.

The Guardian

Rachel Reeves is considering imposing steeper cuts to public services to repair the government's finances after a bruising week in which investors drove up the cost of UK borrowing and pushed the pound to a 14-month low.

- UK'S culture minister, Lisa Nandy, launched a consultation in an attempt to cap the price at which tickets for live events can be resold to crack down on touting in the music sector.

The Telegraph

- Rolls-Royce RR.L Motors plans to invest a record 300 million pounds ($368.97 million) to double the size of its UK factory and meet soaring demand for customised cars that can sell for more than 1 million pounds.

Britain is "back under union control", Kemi Badenoch has warned. The Tory leader said Labour's education plans proved Keir Starmer was bowing to union demands.

Sky News

- Stellantis STLAM.MI met the UK government's electric vehicle (EV) sales mandate last year despite publicly criticising the target and announcing the closure of its Luton factory.

The Independent

Britain's former foreign secretary David Lammy has declared that the hard-won "post-Cold War peace is well and truly over" as he used his first major speech of 2025 to take aim at Vladimir Putin and Russian aggression.

($1 = 0.8131 pounds)

(Compiled by Bengaluru newsroom)

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