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PRESS DIGEST-British Business - November 2

By Reuters News

Nov 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

- Britain's Lloyds Banking Group LLOY.L has launched a round of voluntary redundancies amid sweeping job cuts across its high street rivals.

- UK Navy chiefs are examining plans to speed up the delivery of new warships amid concern the current ones are rotting and unseaworthy.

The Guardian

- Ministers in Britain are prepared to spend as much as £450 million($602.60 million) a year to give students from the EU discounted university fees, but only if Brussels allows the UK access to its Made in Europe industrial programme.

- London’s mayor has called for a cap on the numbers of robotaxis on its streets, with the UK government poised to allow fully driverless vehicles to operate in the capital.

The Telegraph

- The Sovereign AI Fund, which was set up earlier this year to invest in promising technology ventures, has joined a funding round for Fractile, a London-based company backed by the US AI giant Anthropic.

- Peter Mann, head of energy group Kistos KIST.L , said future spending by the company would go to places such as Oman because the UK lacked a stable tax regime for oil and gas.

Sky News

- National Grid NG.L has struck a deal paving the way for Britain’s biggest electricity substation to be built on Teesside as the government races to avoid missing out on global demand for AI infrastructure development.




($1 = 0.7468 pounds)

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