PRESS DIGEST-British Business - September 22
Sept 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
- British motor finance business of BMW increased the amount set aside for potential compensation to customers mis-sold loans to 200 million pounds ($269.2 million) as fallout from the car loans mis-selling scandal intensifies.
The Guardian
- Gatwick airport's 2.2 billion pound ($2.96 billion) second runway plan has been given the go-ahead by the British transport secretary, Heidi Alexander.
- Disruption has continued at Heathrow, Brussels and Berlin airports after a cyber-attack hit check-in desk software.
The Telegraph
- British Energy Secretary Ed Miliband is poised to reverse Labour's ban on new oil and gas drilling amid warnings from union bosses that net zero risks crushing British industry.
- Australian company CTM CTD.AX, which has a 550 million pound ($740.63 million) government contract to provide hotels and transport for asylum seekers in the UK, was suspended from the country's stock exchange over financial problems.
Sky News
- The Liberal Democrats have vowed to tax banks to raise money that could help people lower their energy bills.
- British Prime Minister Keir Starmer announced the UK has officially recognised Palestine as a state.
The Independent
- Octopus Energy CEO Greg Jackson said insufficient infrastructure to carry electricity produced by wind farms is forcing them to shut down, adding costs to consumers.
- Cigarette-style health warnings should be placed on social media apps to protect children from harm, the Liberal Democrats said.
($1 = 0.7429 pounds)
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