PRESS DIGEST-British Business - October 22

Oct 22 (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

News Corp NWSA.O boss Robert Thomson has warned that AI companies are making a "fundamental miscalculation" by not spending enough on content.

The private equity backers of Shawbrook and the bank's bosses are seeking to cash out shares potentially worth as much as 371 million pounds ($497.92 million) in a London IPO.

The Guardian

Novo Nordisk NOVOb.CO chair Helge Lund and six other board members are stepping down in a surprise shake-up, after a row with the company's majority shareholder.

Chancellor Rachel Reeves has blamed a heavier-than-anticipated blow from Brexit and austerity for forcing her to take action to balance the books at the budget next month.

The Telegraph

A European tech watchdog has attacked the UK Government for demanding "backdoor" access to consumers' iPhone data.

Netflix NFLX.O is said to be considering a bid for Warner Bros Discovery WBD.O after the Hollywood conglomerate said it was open to takeover offers.

Sky News

Chancellor Rachel Reeves will tell Cabinet colleagues she is considering measures to reduce household energy bills as part of her budget response to rising inflation.

Thames Water has deferred its planned challenge to the industry regulator's curbs on customer bill increases.

The Independent

About 150 jobs in the Scottish aerospace sector will be sustained as part of a new deal between the UK, Sweden and Thailand.

JCB has unveiled plans to plug 100 million pounds($134.21 million) into modernising its Staffordshire head office, as its boss said the firm was "backing Britain."

($1 = 0.7451 pounds)