PRESS DIGEST-British Business - October 14

By Reuters News

Oct 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

- The International Monetary Fund said the UK economy will grow faster than expected this year, with its latest forecasts showing that British annual economic output is on course to expand by 1.3%, up from a July estimate of 1%.

- UK's Whitbread WTB.L Chief Executive Officer Dominic Paul has urged shareholders to reject activist investor Corvex Management's attempt to get a seat on the Premier Inn owner's board.

- BP BP.L Chief Executive Officer Meg O'Neill is to set out a new strategy in December after high oil and gas prices helped the energy giant to cut its debt pile sooner than expected.

The Guardian

- South African fashion retailer TFG London TFGJ.J, the owner of Phase Eight, Hobbs and Whistles, said its websites and IT systems have been hit by a cybersecurity incident that may have compromised customers' personal data.

- Crypto investor Ben Delo-founded BitMEX is being sued for £20 million ($26.53 million) over claims that the company mis-sold financial products in the UK.

The Telegraph

- The London Stock Exchange Group LSEG.L is in talks with private equity firm Permira to acquire financial data provider Octus for about $3.5 billion.

- Chatbot platform Character.AI filed for bankruptcy, with the start-up battling a series of lawsuits accusing it of putting children at risk.

Sky News

- Poundstretcher owner Fortress Investment Group has amended its offer to Alvarez & Marsal, with the offer involving taking on fewer than half of Poundland's roughly 530 UK stores.

The Independent

- MI5 Director General Ken McCallum said terrorists could exploit AI to target Britain with drones or biological weapons, with the security service was directing more resources to keeping Britain safe now than in the Cold War.

($1 = 0.7539 pounds)

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