Business pages of British newspapers today feature the following top stories:
The Times reports that the Barclay family is on the brink of repaying over 1.1 billion pounds owed to Lloyds Banking Group and regaining control of The Daily and Sunday Telegraph newspapers. Meanwhile, investors at OpenAI are pushing for the reinstatement of Sam Altman as chief executive.
The Guardian highlights the need for the UK to invest in more laboratory space, improve transport links, and offer tax breaks in order to achieve Rishi Sunak’s goal of becoming a science superpower. Union leaders are urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.
The Telegraph reports that Dutch train start-up Heuro is in talks to raise around 1 billion euros and plans to launch a rival service to Eurostar running through the Channel Tunnel. Additionally, economists suggest that Brexit has boosted wage growth in the UK.
Sky News reveals that UK chancellor Jeremy Hunt will announce a review of payment authentication rules as part of a post-Brexit crackdown on fraud.