Press Digest: British Business - September 4

Carlyle

04/09/2026 04:56

Sept 4 (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
- British fintech Revolut has secured conditional approval for a national bank charter from the U.S. Office of the Comptroller of the Currency, marking its first step towards setting up a bank in the United States.
     
- Apple AAPL.O is facing a £2 billion ($2.71 billion) London lawsuit from app developers alleging the iPhone maker imposed stricter privacy requirements on third-party app developers than on its own services. 
     
The Guardian
- Britain's populist Reform UK party received £4 million ($5.41 million) donation from crypto billionaire Ben Delo, who was convicted in the United States for failing to implement adequate anti-money laundering controls before being pardoned by U.S. President Donald Trump. 
     
- Employee-owned retailer John Lewis is stepping up investmentin content creation and launching an online chat show to makes its products more visible to chatbots and more prominent in AI search results. 
     
The Telegraph
- Lloyd’s of London has warned it expects to incur lossesof £1.4 billion from the U.S.-Iran war, as the conflict in the Middle East triggers major insurance claims. 
     
- U.S. private equity firm Carlyle CG.O will retain ownership of UK online retailer Very Group after bidders failed to meet the £2 billion asking price. 
     
Sky News
- Britain's Molten Ventures hasjoined the race to manage a £1 billion government-backed fund aimed at supporting the country's most promising scale-up companies. 
     
     
($1 = 0.7391 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))