PRESS DIGEST-British Business - September 24

By Reuters News

Sept 24 (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

- A venture capital fund set up by Henry Dimbleby, the co-founder of Leon, has secured £20 million ($26.47 million) from Tesco TSCO.L and a commitment to be its anchor partner as it attempts to transform Britai's food system.

- Nvidia NVDA.O CEO Jensen Huang has said that artificial intelligence labs should be closed down if they cannot prevent their models from going rogue.

The Guardian

- Paris-based Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF) and the International Institute of Finance (IIF), the voice of global banking, on Wednesday highlighted the dangers of soaring interest rates on $365 trillion in global borrowing.

- Legal & General LGEN.L plans to cut 1,000 jobs by the middle of next year, about a tenth of the British insurance and pensions firm's workforce.

The Telegraph

- Ryanair RYA.I boss Michael O'Leary said that piling a hotel tax on top of existing levies on flights will lead international travellers to desert the UK and holiday elsewhere.

Sky News

- The Canadian investment giant Brookfield BAM.N is closing in on a $2 billion deal to buy Actimize NICE.TA, a financial crime and compliance specialist.

- The finance chief of London-listed marketing services group WPP WPP.L Joanne Wilson is leaving after less than four years to become the next finance chief of Diageo DGE.L.

The Independent

- HSBC HSBA.L is planning to create 1,000 entry-level roles in the UK over the next year as the bank targets Gen Z workers.

($1 = $1.0000)

($1 = 0.7556 pounds)

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