British Business – Sept 10,
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports.
The Times
BP engineers will now be required to take faster decisions based on AI-generated information about oil and natural gas exploration, following a recent agreement with Palantir Technologies.
Hostmore, a British restaurant operator, announced on Monday that it had dropped its plans to purchase pub chain TGI Fridays following the removal of Hostmore as manager of TGIF Funding.
The Guardian
The British Prime Minister Keir starmer will warn that he's prepared to make unpopular decisions about government spending before a vote on controversial plans to reduce payments to help millions of older people pay for their heating bills.
According to former Italian Prime Minister Mario Draghi's report, the EU faces a "slow but agonising decline" and should be concerned for its own survival. The report calls for a spending boost of 800 billion euros ($882,56 billion) per year to end years stagnation.
The Telegraph
British homebuilder Barratt announced on Monday that it has formed a joint venture to develop large sites with the Lloyds Banking Group, Homes England and government agency Homes England.
The French luxury goods company LVMH announced on Monday that Sarah Burton, a long-time Alexander McQueen designer who designed the wedding dress of the Princess Of Wales in 2011, was the new creative director of its Givenchy brand.
Sky News
Business Secretary Jonathan Reynolds will tell the MPs that on Wednesday the government has come to a final deal with Tata Steel for the 1,25 billion pounds ($1.63 billion) deal to decarbonise the Port Talbot facility.
Square Health, a platform of software that includes Push Doctor as one of its services, has hired HSBC for strategic advice on raising capital.
(source: Reuters)
