Press Digest: British Business - September 15

Mastercard Incorporated

15/09/2026 05:32

Sept 15 (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
Hugo Boss BOSSn.DE Chairman Stephan Sturm will step down from the German fashion group's supervisory board following discussions with British retailer Frasers, its largest shareholder. 

Open Cosmos, backed by the UK government’s defence venture capital fund, hasraised €300 million ($346.11 million) to accelerate its development of space infrastructure.
     
The Guardian
British Business Secretary Jonathan Reynolds said that the government will pursue the public acquisition of Yorkshire-based Speciality Steel UK to protect the jobs of its 1,300 workers.

OpenAI called on British lawmakers to act immediately and impose legislation to rein in the most advanced artificial intelligence systems.
       
The Telegraph
Former hedge fund manager Crispin Odey lost his appealagainst the Financial Conduct Authority's industry ban after a series of sexual misconduct allegations.
Uber UBER.N is recruiting Cockney and Geordie speakers to have conversations with AI chatbots, helping them understand regional accents.
     
Sky News
UK's Payments Delivery Company is seeking about £50 million ($67.42 million) to fund a new payments infrastructure platform that could serve as a domestic alternative to rivals Mastercard MA.N and Visa V.N.

Online furniture retailer Dusk has shelved plans for a £300 million IPO for the foreseeable future and now plans to remain privately owned.
     
The Independent
British pubs and retail outlets in England and Wales will be allowed to accept digital ID as valid proof of age when purchasing alcohol under new laws.  
     
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(Compiled by Bengaluru newsroom)
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