British Business - Sept 10
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 BP.L 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.N.
- British restaurant operator Hostmore MOREH.L 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 BDEV.L said on Monday it has entered into a joint venture with Lloyds Banking Group LLOY.L and government body Homes England to focus on developing large sites.
- French luxury goods company LVMH LVMH.PA 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 TISC.NS 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 HSBA.L 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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