PRESS DIGEST-British Business - February 2
Feb 2 (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
Thames Water is closing in on a 16-billion-pound ($21.90 billion) rescue deal with its lenders in a move that would spare Britain's largest water company from temporary public ownership.
GSK GSK.L is considering possible future cost savings and manufacturing changes in Europe as it looks to invest further in launching potential new blockbuster drugs.
The Guardian
The UK should consider re-entering talks for a defence pact with the EU, Prime Minister Keir Starmer has said, arguing that Europe needs to "step up and do more" to defend itself in uncertain times.
The Telegraph
UK PM Keir Starmer risks a diplomatic rift with Japan and Italy as Labour dithers over funding for Britain's next-generation fighter jet. Ministers have pushed back the signing of a trilateral contract for the global combat aircraft programme, despite vowing to conclude an agreement by last year.
Sky News
The operator of Britain's biggest cash machines network has recruited a former head of the Rugby Football Union as its next chairman. Tom Ilube, who stepped down as the RFU chair in 2024, will become the new chairman of LINK.
($1 = 0.7307 pounds)
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