Press Digest: British Business - September 2
PRESS DIGEST-British Business - September 2 Sept 2 (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
- Mike Ashley’s Frasers FRAS.L said it was evaluating its support for Hugo Boss' BOSSn.DE supervisory board Chair Stephan Sturm, as the UK retailer confirmed its plans to take full control of the German luxury fashion house.
- Cambridge University spinout Flower Labs launched its Endeavor general-purpose AI model, claiming it can perform tasks at levels comparable to OpenAI’s GPT-5.6 Sol and Anthropic’s Claude Fable 5 models.
The Guardian
- Britain's Financial Conduct Authority has launched a review of child trust fund providers' efforts to reunite young people with lost accounts after finding that about 760,000 accounts worth more than £1.5 billion ($2.03 billion) in total remain unclaimed.
- Britain's financial regulator chief, Nikhil Rathi, has been accused of threatening a consumer group with "adverse consequences" if it sought to challenge a £9.1billion compensation scheme aimed at settling the motor finance scandal.
The Telegraph
- British thermal processing services company Bodycote BOY.L is poised to leave the London stock market after being taken over by U.S.-based private equity firm Veritas Capital in a £1.85 billion deal, including debt.
- The London Stock Exchange Group LSEG.L has partnered with Payward, parent of crypto firm Kraken, as it plans to launch tokenised stocks on it own exchange.
Sky News
- Britain's Home Secretary Shabana Mahmood announced that Cleveland Police will be given an extra £2 million to tackle serious crime following a spate of incidents in and around Middlesbrough.
- Marks & Spencer MKS.L, Asda and Tesco TSCO.L have warned Prime Minister Andy Burnham that higher business rates on large stores would undermine its members' ability to maintain lower prices for consumers.
The Independent
- The estate of late British tech tycoon Mike Lynch has been allowed to challenge part of a ruling ordering it to pay Hewlett-Packard Enterprise HPE.N more than $1.2 billion over its 2011 acquisition of software company Autonomy.
($1 = 0.7405 pounds)
(Compiled by Bengaluru newsroom)