Press Digest: British Business - August 5

Ryanair Holdings

05/08/2026 03:05

Aug 5 (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
- Lenders to Aston Martin Lagonda have threatened the struggling luxury carmaker with legal action if a contentious deal to sell part of its branding and naming rights goes ahead.
- Hundreds of pilots who flew for Ryanair  RYA.I are suingthe budget airline over claims that they are owed unlawfully withheld holiday pay.
     
     
The Guardian
- BP's chief executive has urged Andy Burnham to make use of the UK's oil and gas resources even as the oil company prepares to sell its North Sea business after 60 years in the ageing basin.
- Gatwick airport is to start development of its second runway after campaigners lost a legal challenge to the plans.
        
The Telegraph
- Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies BTDR.O. 
- Barclays BARC.L is facing a legal battle over cash held in accounts belonging to a collapsed shadow bank.
     
Sky News
- Elon Musk has predicted that his SpaceX-operated Starlink system could deliver a majority of the world's internet within 10 years.
- Buyout firm Permira is among a pack of bidders pursuing a possible £700 million ($941.08 million) takeover of Third Space, the upmarket London-based health clubs operator.
     
     
The Independent
- HSBC Holdings HSBA.L resumes its share buybacks with an up to $1 billion plan, after pausing them when it announced late last year it was taking smaller Hong Kong lender Hang Seng Bank private.
     
     
($1 = 0.7438 pounds)

 (Compiled by Bengaluru newsroom)
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