Press Digest: British Business - September 23
PRESS DIGEST-British Business - September 23 Sept 23 (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
- The state-backed British Business Bank and NatWest have agreed a “watershed” deal to invest in Phoenix Court, one of the UK’s leading venture capital firms.
- BMW BMWG.DE could face compensation costs exceeding £600 million ($799.50 million) from the UK car finance mis-selling scandal
The Guardian
- OpenAI executive and former British finance minister George Osborne said opposition to the construction of data centres is holding Britain back, arguing the country needs more AI infrastructure to maintain technological sovereignty
The Telegraph
-British PM Andy Burnham told US President Donald Trump the world must rein in AI, hours after the US president said he rejected any attempt to control it.
-US President Donald Trump has said he would back a ban on US diesel exports in a move that threatens to drive up fuel costs for British drivers.
Sky News
- WPP WPP.L CFO Joanne Wilson is set to leave Britain's biggest advertising group to become finance chief at Guinness maker Diageo DGE.L.
- Britain's RAC has put plans for a London stock market listing on hold in favour of a private transaction involving its existing owners.
The Independent
- Billionaire industrialist Jim Ratcliffe's chemicals conglomerate Ineos ispausing production at three chemical plants in Hull, citing the UK’s “ridiculously high” gas prices.
($1 = 0.7505 pounds)
(Compiled by Bengaluru newsroom)