Press Digest: British Business - Sept 10

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10/09/2024 02:56

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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