PRESS DIGEST-British Business - February 12

Feb 12 (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

- Heineken HEIN.AS will cut about 6,000 jobs, or 7% of its workforce, as weakening demand for alcohol prompts the Dutch brewer to step up cost‑saving efforts, lifting its shares in afternoon trading while it searches for a new chief executive.

- British tech startup Tem has raised $75 million to expand its AI-driven platform that helps businesses cut electricity costs by matching energy supply and demand directly, bypassing wholesale middlemen.

The Guardian

- Activist investor Elliott has built a stake in London Stock Exchange Group LSEG.L and has held talks with the exchange operator to push for improved performance amid a slowdown in listings and concerns over its AI strategy.

- The UK Supreme Court has ruled Oatly 9ZX0y.F cannot use the word "milk" to market its oats‑based products, prompting the company to accuse regulators of favouring Big Dairy.

The Telegraph

- A Scottish rocket company backed by a 26 million pound ($35.43 million) government loan is on the brink of collapse, as the cash-strapped startup lines up administrators and raises fresh questions over the UK's space strategy.

Sky News

- Britain's finance minister Rachel Reeves said on Thursday that rebuilding trade ties with the European Union is "the biggest prize" for the UK economy, signalling Labour's strongest push yet toward closer alignment after senior ministers suggested a customs union could deliver major gains.

($1 = 0.7339 pounds)