Press Digest: British Business - April 28
28/04/2026 03:14
April 28 (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 Shell SHEL.L has struck a $16 billion deal to buya Canadian shale producer ARC Resources ARX.TO that will be its largest acquisition in more than a decade, as it seeks to bolster its position as one of the world's largest liquefied natural gas players. Four-month-old London-based AI start-up Ineffable Intelligence has completed Europe's largest seed funding round at a valuation of $5.1 billion. The Guardian Jewellery and accessories chain Claire's is closing its final UK stores on Monday with the loss of more than 1,000 jobs and ending three decades on British high streets. The Telegraph London mayor Sadiq Khan could block the Metropolitan Police's attempt to deploy software from Palantir PLTR.O as the U.S. technology giant battles controversy over its work in Israel as he issued a warning over public money being spent with firms that "act contrary to London's values". Sky News The UK will introduce restrictions on social media for under-16s, the education minister, Olivia Bailey has said. The Independent UK's Post Office branches handled nearly 40 million cash transactions in the first three months of 2026, in what it said was the highest first quarter on record as households and businesses continued to rely on coins and banknotes. Under UK's new 'de-banking' regulations individual savers and small business owners will now be given at least 90 days' notice before closing their account or terminating a payment service. This is an increase from the two months currently required. (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))