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PRESS DIGEST-British Business - September 11

ReutersSep 11, 2025 2:35 AM

- 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

Oracle ORCL.N will launch "Oracle AI database", a cloud infrastructure service, next month that will enable customers to use the large language models, including Google's GOOGL.O Gemini, OpenAI's ChatGPT, xAI's Grok, to access Oracle's database data.

Danish drug company Novo Nordisk NOVOb.CO is to cut about 9,000 jobs as part of a major restructuring as it seeks to kick-start growth and better compete in the fast-moving fight against obesity.

The Guardian

U.S. drugmaker Merck MRK.N has scrapped a 1-billion-pound ($1.35 billion) London research centre and is laying off 125 scientists in the capital this year.

Train operator London North Eastern Railway has urged customers to be wary of unsolicited communications after revealing some passengers' contact details have been accessed in a cyber-attack. The breach follows a series of cyber incidents affecting UK transport and businesses.

The Telegraph

Channel 4 has named retail veteran Geoff Cooper who previosly chaired Travis Perkins TPK.L to take the helm as its new chairman.

Sky News

Digital wallets provider Curve's shareholders have told the company's board they object to the proposed distribution of the funds triggered by the company's impending 120 million pound sale to Lloyds Banking Group LLOY.L.

Lawhive, a legaltech firm backed by Google's GOOGL.O venture capital arm, will announce this week that it has concluded a deal to buy Woodstock, which specialises in property law and conveyancing.

The Independent

Zara owner Inditex ITX.MC reported a better start to its autumn sales, as the world's biggest-listed fast-fashion retailer grapples with the impact of a weak dollar and U.S. tariffs on consumer spending.

($1 = 0.7395 pounds)

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