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PRESS DIGEST-British Business – Oct 24

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Oct 24 (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

– Boris Johnson pulled out of the Conservative leadership contest, paving the way for Rishi Sunak to become Britain’s next prime minister.

– Central banks and regulators should loosen rules relating to collateral demands after the UK’s pension fund crisis to prevent further blow-ups in the financial sector, ratings agency S&P Global has warned.

The Guardian

– Britain’s data watchdog has fined the construction group Interserve 4.4 million pounds ($5.00 million) after a cyberattack that enabled hackers to steal the personal and financial information of up to 113,000 employees.

– Online fashion retailer ASOS Plc is poised to confirm as soon as Monday that the billionaire retailer Mike Ashley has built up a stake of more than 5% in the company.

The Telegraph

– A…

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