Press Digest: British Business - August 10
PRESS DIGEST-British Business - August 10 Aug 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
- London's Heathrow is calling for as much as £9 billion in additional early funding from passengers to help finance its third runway project.
- Lloyds Banking Group LLOY.L is battling two High Court claims over alleged failings in relation to a £1.2 billion lending scam.
The Guardian
- Rating agency Moody's has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by profit-hungry tech bosses.
- Low-paid temporary workers at one of the UK's top courier businesses DPD have missed out on entitlements to sick pay and pension contributions, internal documents suggest.
The Telegraph
- Chinese wind turbine maker Ming Yang 601615.SS banned from Britain is seeking to overturn the decision by arguing it can boost Andy Burnham's "reindustrialisation' plan.
Sky News
- Vertical Aerospace, a flying taxi maker is in the process of raising another $100 million to accelerate its ambition of delivering mass commercial electric aviation.
The Independent
As Britain braces for its fifth heatwave, environmental groups have urged Andy Burnham to refuse permission for oil and gas production in two areas of the North Sea.
(Compiled by Bengaluru newsroom)