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British Organization - Oct 31

The following are the top stories on the business pages of British newspapers. Reuters has not validated these stories and does not guarantee their accuracy.

The Times

Bank of London said on Wednesday that deputy chairman Lord Mandelson and chairman Harvey Schwartz are leaving as part of a. boardroom exodus after the financial technology start-up was. tossed into turmoil last month.

Mark Carney-chaired Brookfield said on Wednesday. that it will pay 1.75 billion pounds ($ 2.27 billion) to. Denmark's Orsted for a 12.5 % stake in four of its. British offshore windfarms.

The Guardian

UK's HS2 trains will have the ability to run all the method to Euston. after the chancellor, Rachel Reeves, committed to financing. tunnelling work to the main London station.

Rachel Reeves announced on Wednesday that the National. Health Service (NHS) in England is to get a 22.6 billion. pounds($ 29.28 billion) money injection over 2 years, in what. she called the greatest spending boost outside Covid since. 2010.

The Telegraph

Virgin Media O2, a joint venture in between United States telecoms company. Liberty Global and Spain's Telefonica has. sold a 8% stake in UK's Foundation mobile masts business to. Equitix, the British facilities financial investment company.

British pharmaceutical giant, AstraZeneca validated. on Wednesday that the president of AstraZeneca's China. division, Leon Wang has actually been put under investigation by regional. cops.

Sky News

Florida based Azorra Aviation Holdings, an aircraft leasing. business backed by Oaktree Capital, is preparing to obtain. London-listed competing Avation.

UK finance minister Rachel Reeves stated on Wednesday that she. can not rule out more tax increases in the next five years, despite. raising it to its greatest level since comparable records began.

(source: Reuters)