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PRESS DIGEST-British Business - Sept 10
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PRESS DIGEST-British Business - Sept 10
Sep 11, 2024 5:03 AM

Sept 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

- Engineers at BP will be expected to make faster

decisions using AI-generated advice about oil and gas

exploration after the energy company struck a deal with Palantir

Technologies ( PLTR ).

- British restaurant operator Hostmore on Monday

said it has dropped plans to buy pub chain TGI Fridays after it

was removed as the manager of TGIF Funding.

The Guardian

- British Prime Minister Keir Starmer will warn on Tuesday

that he is prepared to take unpopular decisions on government

spending ahead of a vote over controversial plans to cut

payments which help millions of elderly people pay their heating

bills.

- The EU should fear for its self-preservation as it faces a

"slow and agonising decline", according to a report by the

former Italian prime minister Mario Draghi that calls for an 800

billion euro-a-year ($882.56 billion) spending boost to end

years of stagnation.

The Telegraph

- British homebuilder Barratt said on Monday it has

entered into a joint venture with Lloyds Banking Group ( LYG )

and government body Homes England to focus on developing large

sites.

- French luxury goods company LVMH named on Monday

Sarah Burton, the longtime-Alexander McQueen designer behind the

Princess of Wales' 2011 wedding dress, as the new creative

director for its Givenchy label.

Sky News

- Business Secretary Jonathan Reynolds plans to tell MPs on

Wednesday that the government has reached a final agreement with

Tata Steel over the 1.25 billion pound($1.63

billion)deal to decarbonise its Port Talbot site.

- Square Health, a software platform which counts Push

Doctor among its operations, has hired HSBC ( HSBC ) to advise

on strategic options for raising growth capital.

($1 = 0.9065 euros)

($1 = 0.7655 pounds)

(Compiled by Bengaluru newsroom)

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