PRESS DIGEST-British Business - Aug 14
Aug 14 (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
- Britain's Virgin Trains has signed a deal with Alstom ALSO.PA, the French train manufacturer, for 12 high-speed trains as the company accelerates its bid to take on Eurostar on cross-Channel rail services.
- Aircraft engine maker Rolls-Royce's RR.L chief executive Tufan Erginbilgic said that the company is pursuing a goal of becoming the country's largest company by market value.
The Guardian
- British ministers are considering scrapping a commitment to spend 80% of foreign aid on projects supporting gender equality.
- British Prime Minister Keir Starmer is set to formally revive Northern Powerhouse Rail this autumn with an announcement expected before the Labour conference, as a major demonstration of Labour's commitment to northern infrastructure.
The Telegraph
- Paris-based TotalEnergies TTEF.PA has won a High Court victory to close the Gryphon floating production platform which is anchored 200 miles north-east of Aberdeen.
- The world's largest alternative asset manager Blackstone BX.N is preparing to bring Franck Petitgas, a former key lieutenant of former British Prime Minister Rishi Sunak, to join its European operations.
Sky News
- The British business of jewellery chain Claire's is set to enter administration, threatening more than 2,150 jobs.
- Legoland owner Merlin Entertainments has abandoned plans to sell some of its British aquariums after failing to reel in sufficiently attractive bids.
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