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British Service - Dec 24

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

The Times

- British insurance company Aviva has reached an agreement to buy smaller sized rival Direct Line in a 3.7 billion pound ($ 4.64 billion) cash-and-stock offer that is anticipated to result in about 2,000 task cuts as the group transfers to record 125 million pounds of expense savings.

- Frasers Group means to put forward a brand-new candidate for Boohoo's board after shareholders rejected the visit of founder Mike Ashley.

The Guardian

- Grocery store chain Morrisons is providing commitment card holders a 10% discount on an entire store after a glitch hit the marketing scheme and affordable prices on some items for all consumers.

The Telegraph

- Royal Mail supervisors have actually been accused of faking deliveries in order to preserve their annual bonus offers.

- The new government of Mauritius is refusing to accept the Chagos offer unless it receives more cash, its deputy prime minister Paul Berenger has hinted, telling constituents that settlements with the UK were being held up over the amount of cash involved.

Sky News

- Chocolate maker Cadbury is among the brand names that have actually had their warrants withdrawn under King Charles and says it is dissatisfied after losing its royal warrant after 170 years.

- The British economy is headed for the worst of all worlds as organizations expect activity to fall at the start of next year, according to the Confederation of British Industry ( CBI).

The Independent

- Peter Mandelson is said to be ready to work with Reform UK leader Nigel Farage to assist him win over President-elect Donald Trump in his new role as UK ambassador to the U.S. and convince him not to target Britain with tariffs.

(source: Reuters)